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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:07 EDTDDAIF, AUDVF, BAMXYDaimler foresees sales to beat Audi, BMW in China this year, Reuters says
Daimler (DDAIF) foresees its Mercedes-Benz brand to surpass rivals Audi (AUDVF) and BMW (BAMXY) by number of vehicles sold in China this year as its new strategy for the globe's largest vehicle market begins to bear fruit, according to Reuters, citing comments from management board member in charge of Daimler's business in China Hubertus Troska in the German newspaper Frankfurter Allgemeine Zeitung. Reference Link
News For DDAIF;AUDVF;BAMXY From The Last 14 Days
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August 26, 2014
06:42 EDTBAMXY, DDAIFCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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August 20, 2014
06:16 EDTDDAIFHitachi among auto-part makers fined by China, WSJ reports
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August 18, 2014
06:37 EDTDDAIFReport says Mercedes-Benz at fault for price-fixing in China, Reuters says
China's News agency Xinhua reported that the Jiangsu Province Price Bureau found Daimler's Mercedes-Benz responsible for charges which accused the company of fixing prices for after-sales services in the country, according to Reuters, citing the report. Reference Link
06:30 EDTAUDVFVolvo targets wealthy Chinese with vehicle revamp, Reuters says
Volvo's (VOLVY) latest generation of vehicles are revamped to include luxury designs and features that target China's wealthy population in hopes that the cars will reverse diminishing sales, according to Reuters citing comments from Volvo CEO Hakan Samuelsson. Samuelsson said, "Prices will be the same level as competitors like the Germans. Customers should not expect to buy them cheaper than an Audi (AUDVF)." Reference Link

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