General Motors Agrees to Pay $35M Fine Over Faulty Ignition Switch Recall Delays and ZBB Energy Corp. Soars on 3rd Quarter Earnings
General Motors Company (NYSE: GM) has to pay a $35 million fine and agree to "unprecedented oversight requirements" as part of a deal with the U.S. Department of Transportation over its recent recalls. "We have learned a great deal from this recall. Wewill now focus on the goal of becoming an industry leader in safety," GM CEO Mary Barra said in a statement. "We will emerge from this situation a stronger company." The deal with the National Highway Traffic Safety Administration covers the company's "failure to report a safety defect ... in a timely manner."
General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments.
Get more information on General Motors Company and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/GM
TrendingWallStreet.com wants to help everyday people gain awareness about some of the hottest penny stocks trading in the stock market today. TrendingWallStreet.com releases momentum alerts on companies that you may have never heard about or thought about looking at. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get full access to our free stock reports.
ZBB Energy Corporation (NYSE: ZBB) delivered positive fiscal third quarter earnings. For the fiscal third quarter, the company reported break-even earnings, compared to a loss of -18 cents a share in the year-ago quarter. Revenue grew to $4.57 million in the third quarter, up from $2.12 million in the same quarter last year. "The completion of our secondary offering and the initiation of the Lotte Chemical project strengthened our balance sheet this quarter and enhanced our financial capacity to more aggressively pursue the multiple sales opportunities in our markets," president and CEO Eric C. Apfelbach said in a press release.
ZBB Energy Corporation develops, manufactures, and sells distributed energy storage solutions and systems based upon the proprietary zinc bromide rechargeable electrical energy storage technology and power electronics systems in the United States and internationally. It provides advanced electrical power management platforms for distributed renewable energy, energy efficiency, power quality, and grid modernization. The company also offers a range of intelligent power management platforms that directly integrate various renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology.
Get more information on ZBB Energy Corporation and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/ZBB
Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.
Tags: