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Stock Market & Financial Investment News

News Breaks
March 5, 2014
08:11 EDTNSANY, DDAIFMercedes, Infiniti to collaborate on small car development, Reuters reports
Mercedes (DDAIF) and Infiniti (NSANY) will pool development of compact cars to reduce costs, expand Mercedes's North American production and broaden Infiniti's lineup, sources say, reports Reuters. The deal will have Nissan build the next-generation Mercedes GLA SUV and related models in Mexico with all-new cars for its Infiniti brand, sources added. Reference Link
News For DDAIF;NSANY From The Last 14 Days
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September 4, 2015
11:13 EDTNSANYNissan to recall nearly 300,000 vehicles due to braking malfunction
Nissan North America is recalling 298,747 certain model year 2012-2015 Nissan Versa sedan vehicles manufactured June 9, 2011, to March 11, 2015, and 2014-2015 Nissan Versa Note vehicles manufactured April 23, 2013, to March 11, 2015, according to the NHTSA. The affected vehicles have a center console trim panel that may catch the driver's shoe and delay the transition from the accelerator pedal to the brake pedal. A delay in the application of the brake pedal would lengthen the distance needed to stop the vehicle and increase the risk of a crash. Reference Link
September 3, 2015
13:03 EDTNSANY, DDAIFDaimler and Renault-Nissan break ground for new JV plant in Mexico
Daimler (DDAIF) and the Renault-Nissan (NSANY) alliance broke ground for their joint-venture manufacturing complex, COMPAS in Aguascalientes in central Mexico, which will build next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti. The partners will invest a total of $1Bin the joint venture which will oversee the construction and operation of the state-of-the-art manufacturing plant. COMPAS will have an initial annual production capacity of more than 230,000 vehicles and will create about 3,600 direct jobs by 2020. Depending on the market development and customer demand, there will be the potential to add additional capacity. Production of Infiniti vehicles will begin in 2017, while the first Mercedes-Benz vehicles will roll off the line in 2018. In addition to the direct employment it provides, COMPAS is also expected to generate some 12,000 indirect jobs - largely due to a high localization rate which will significantly increase the Mexican supply base.
06:14 EDTNSANYNissan plans GBP100M investment into Sunderland plant, Telegraph reports
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September 2, 2015
12:37 EDTDDAIFGerman carmakers win FTC approval to purchase Nokia's maps unit, Reuters says
BMW (BAMXY), Audi (AUDVF), and Daimler's (DDAIF) Mercedes-Benz have received U.S. antitrust approval from the FTC to purchase Nokia's (NOK) maps business for roughly EUR2.5B, Reuters reports. The deal was on the FTC's list of uncontroversial transactions that received approval from the FTC or DOJ, the report says. Reference Link
September 1, 2015
14:55 EDTNSANYAutodata says U.S. auto sales rate comes in at 17.8M SAAR, CNBC reports
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12:49 EDTDDAIFMercedes-Benz USA reports August sales up 3.2% to 31,250 units
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10:33 EDTNSANYNissan reports August U.S. sales down 0.8% to 133,351 units
August 31, 2015
12:54 EDTDDAIFDaimler to reduce Brazil Truck job hours instead of job cuts, Bloomberg reports
Daimler will scale back hours at its Brazilian truckmaking division by 20% instead of cutting jobs, Bloomberg reports. The agreement with local unions guarantees employment until August 2016, and the state of Brazil will compensate workers for roughly half of their lost pay, the report says. Reference Link
August 28, 2015
06:17 EDTDDAIFGerman car makers take hit in China, WSJ reports
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August 26, 2015
17:28 EDTDDAIFBAIC chairman says in talks to buy major stake in Daimler AG, Bloomberg says
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16:26 EDTNSANY, DDAIFMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTNSANYTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTNSANYTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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August 24, 2015
07:15 EDTDDAIFDaimler to cut 1,500 truckmaking jobs in Brazil, Bloomberg reports
Daimler is cutting 1,500 jobs at its Brazilian truckmaking unit amidst lack of recovery for demand for commercial vehicles in the country, Bloomberg reports. Reference Link
August 21, 2015
08:11 EDTDDAIFDaimler AG could collaborate with Google, Apple, Reuters says
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