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Stock Market & Financial Investment News

News For DDAIF;VLKAY From The Last 14 Days
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February 10, 2016
07:22 EDTVLKAYVW says large engines unit not for sale, Reuters says
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05:41 EDTDDAIFDaimler: Dividend proposal, expected earnings for FY16 'unchanged'
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05:40 EDTDDAIFDaimler recalls 840,000 vehicles in the U.S. as precautionary measure
The US National Highway Traffic Safety Administration notified Daimler (DDAIF) that it has been informed that certain airbag models from the manufacturer Takata (TKTDY), which are also installed in Mercedes-Benz cars and Daimler vans, are potentially defective. On the basis of available information on the components, Daimler AG has decided to recall approximately 705,000 Mercedes-Benz cars and about 136,000 Daimler vans in the United States. The expense for this precautionary recall is estimated at a total of about EUR$340M. The estimated costs will be recognized as a provision in financial year 2015. Therefore net profit will decrease to EUR$8.7B and Group EBIT to EUR$13.2B. EBIT from ongoing business remains unchanged at EUR$13.8B. Daimler AG points out that both the dividend proposal and the employees' profit participation for the successful year 2015 as well as the earnings expected for financial year 2016 remain unchanged. At the Annual Shareholders' Meeting on April 6, 2016, the Board of Management and the Supervisory Board will propose the distribution of a dividend of EUR$3.25 per share. Daimler AG continues to assume that it will slightly increase Group EBIT from the ongoing business in 2016.
February 9, 2016
11:23 EDTVLKAYVolkswagen receiving interest in large engines unit, Reuters reports
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11:08 EDTVLKAYVolkswagen receiving interest in large engines unit, Reuters reports
February 8, 2016
07:16 EDTDDAIF, VLKAYVW Trucks unit exploring acquisitions, IPO, Bloomberg reports
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February 7, 2016
18:59 EDTVLKAYVolkswagen to offer 'generous' compensation for U.S. owners, Reuters says
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February 5, 2016
08:36 EDTVLKAY, DDAIFDaimler CEO: Won't sacrifice margins in effort to overtake BMW, Reuters says
Daimler (DDAIF) CEO Dieter Zetsche said that the auto maker would not sacrifice margins in its effort to overtake BMW (BAMXY) to become the best-selling luxury car brand, Reuters reports, citing comments from Zetsche to analysts at a conference to discuss Q4 results. Zetsche is urging Mercedes to become the leading luxury car brand by 2020 after surpassing Volkswagen's (VLKAY) Audi (AUDVF), the report says. "The volume lead should be the consequence of having the best offering," Zetsche said. "If we accomplish this, it is a natural consequence that more people will choose us." He added, "People said it will create pricing and margin pressure. Exactly the opposite is true." Reference Link
08:14 EDTVLKAYVolkswagen delays annual results, meeting due to open questions on emissions
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08:11 EDTVLKAYVolkswagen delays annual report, general meeting, Bloomberg reports
The annual results and AGM are delayed due to open issues on emissions.
06:14 EDTVLKAYVolkswagen Group of America names David Detweiler as general counsel
Volkswagen Group of America announced yesterday that it has appointed David Detweiler to serve as EVP and General Counsel, effective February 1. The company also announced that it has appointed David Geanacopoulos to the new position of Senior EVP for Public Affairs and Public Policy.
February 4, 2016
05:54 EDTDDAIFDaimler AG sees growth for unit sales, revenue, EBIT in FY16
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05:52 EDTDDAIFDaimler AG reports Q4 EPS EUR 1.90 vs. EUR 1.02 last year
Reports Q4 Revenue EUR 40.43B vs. EUR 35.75B last year. Reports Q4 net profit EUR 2.1B vs. EUR 1.19B last year.
February 3, 2016
06:59 EDTVLKAYVW submits California plan to repair recalled diesel vehicles, Reuters says
The California Air Resources Board and EPA said that Volkswagen has submitted a plan to repair 80,000 recalled 3-liter diesel vehicles that emit up to nine times legally allowed pollution, Reuters reports. Reference Link
February 2, 2016
14:11 EDTVLKAYAutodata estimates January U.S. auto sales pace at 17.58M, CNBC reports
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10:38 EDTVLKAYVolkswagen reports January U.S. sales down 14.57% to 20,0379 units
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07:09 EDTVLKAY, DDAIFTrueCar projects U.S. revenue from new vehicle sales reached $38B in January
TrueCar projects U.S. revenue from new vehicle sales reached a record high for the month of January of $38 billion, up 1.4 percent from a year ago. January marked the auto industry's 25th consecutive month of year over year revenue expansion. Higher average transaction prices helped automakers post a $520 million gain in revenue versus January 2015, despite a likely increase in incentive spending and somewhat lower sales compared with a year ago. As previously announced, TrueCar projects sales of new cars and light trucks contracted 0.3 percent last month. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
February 1, 2016
18:46 EDTVLKAY, DDAIFAutomakers hit with additional costs due to China regulatory shift, Reuters says
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13:24 EDTVLKAYTesla bull cuts target as competition ramps more quickly than new models
Shares of Tesla (TSLA) dipped significantly in early trading before later rebounding after Morgan Stanley cut its price target on the automaker to $333 from its previous $450, with the research firm citing a slow production ramp for its new car models, potentially weakened consumer demand amid cheap oil, and clearly heightening competition in the electric and autonomous vehicle space. LOW DEMAND, MORE COMPETITION: Morgan Stanley analyst Adam Jones cut his price target on Tesla to $333 from $450, arguing Monday that the carmaker is facing a slow production ramp for the Model X as well as the Model 3, which Jones said may launch in late 2018, missing the company's internal target by at least one year. It is reasonable to assume, Jones said, that Tesla is taking a deliberate, quality-conscious pace for Model X production while also shuffling personnel to help with the car's early rollout, impacting the launch of the mass-market Model 3 even as the company grapples with potentially reduced consumer demand in today's cheap oil environment. Given his assumption of lower volumes, the analyst's revised his 2020 forecast for complete vehicle deliveries to less than half of Tesla's own 500,000 target. For 2016, the analyst cut his total delivery forecast 2% to roughly 70,000 units, including a revision of Model X expectations to 15,000 from 18,500. Contributing to Tesla's headwinds, its consumer energy storage solution looks to be more expensive than previously thought, while competition in the shared and autonomous mobility arena has increased markedly. Indeed, competing efforts from Ford (F), Volkswagen (VLKAY), Alphabet (GOOG) and many others appear "genuine" and are likely to see significant investment follow-through, potentially pressuring Tesla's margins as it increases R&D spend to keep pace, Jones argued. That said, the analyst keeps an Overweight rating on the shares, explaining that while Tesla remains a high risk name that burns plenty of cash to fuel its ambitious plans, it may still be the best positioned company in the ongoing "Auto 2.0" transition. PRICE ACTION: After quickly dropping as low as $182.75 in early trading, shares of Tesla are now up 2.6% to $196.14 in afternoon trading.
January 31, 2016
19:33 EDTVLKAYVolkswagen operating results 'good,' not pressured to sell trucks, Reuters says
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