On Friday, Shares of General Motors Company (NYSE:GM), gained 0.45% to $35.71.
General Motors Company, will re-enter the U.S. medium-duty truck market next year with Chevrolet-branded vehicles supplied by Japanese truck maker Isuzu Motors Ltd , people familiar with the matter said on Monday, according to Reuters.
The companies are due to make a declaration soon, the people said, declining to be identified because the information is not yet public.
Isuzu’s shares rose after a Wall Street Journal report on the deal. They ended up 1.8 percent while the broader Tokyo market (.TOPX) was flat. Reuters Reports.
The long-time partners have in the past jointly developed trucks such as the Chevy Colorado pickup, sold as the i-Series by Isuzu. Reuters added.
GM sold its stake in Isuzu in 2006 after a 35-year capital alliance as it faced financial difficulties, and later declared its exit from the medium-duty truck market when its problems escalated and it filed for bankruptcy in 2009.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Shares of Ambarella, Inc. (NASDAQ:AMBA), inclined 5.97% to $118.16, during its last trading session, hitting its highest level.
On June 2, Ambarella, declared financial results for its first fiscal quarter ended April 30, 2015.
- Revenue for the first quarter of fiscal 2016 was $71.0 million, up 73.5% from $40.9 million in the same period in fiscal 2015.
- Gross margin under U.S. generally accepted accounting principles (GAAP) for the first quarter of fiscal 2016 was 64.7%, contrast with 62.5% for the same period in fiscal 2015.
- GAAP net income for the first quarter of fiscal 2016 was $18.9 million, or $0.56 per diluted ordinary share, contrast with GAAP net income of $5.3 million, or $0.17 per diluted ordinary share, for the same period in fiscal 2015.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The companys system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
Finally, DDR Corp. (NYSE:DDR), ended its last trade with -0.91% loss, and closed at $16.25, hitting its lowest level.
DDR Corp., declared its second quarter 2015 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.
Each Class J depositary share is equal to one-twentieth of a share of DDR’s 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period beginning April 15, 2015 and ending July 14, 2015. The declared Preferred Class J Dividend is payable July 15, 2015 to shareholders of record at the close of business on July 1, 2015.
Each Class K depositary share is equal to one-twentieth of a share of DDR’s 6.25% Class K Cumulative Redeemable Preferred Stock. The declared Preferred Class K dividend covers the period starting April 15, 2015 and ending July 14, 2015. The declared Preferred Class K Dividend is payable July 15, 2015 to shareholders of record at the close of business on July 1, 2015.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers.
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