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Stock Market & Financial Investment News

News For DDAIF;VLKAY From The Last 14 Days
Check below for free stories on DDAIF;VLKAY the last two weeks.
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July 23, 2014
07:25 EDTVLKAYVW head addresses German employees regarding cost reductions, Reuters says
Volkswagen CEO Martin Winterkorn is planning to address workers at the car maker's largest facility in Germany as he aims to win their support for cost reductions at the firm's core VW brand, according to Reuters, citing two company sources. Winterkorn is aiming to reduce costs by $6.74B each year to streamline work processes at all levels of the brand. Reference Link
07:20 EDTVLKAYFiat head says VW tie-up never an option, Reuters says
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05:22 EDTDDAIFDaimler AG reports Q2 EPS EUR 1.97 vs. EUR 2.65 last year
Reports Q2 revenue EUR 31.54B vs. EUR 29.69B last year. Reports Q2 EBIT EUR 3.1B vs. EUR 5.24B last year. Reports Q2 Daimler Group sales up 4% to 628.857 units vs. 605,823 units last year. Reports Q2 Mercedes-Benz Cars sales up 3% to 418,685 units vs. 404,711 units last year. Reports Q2 Daimler Trucks sales up 2% to 126,066 units vs. 123,763 units. Reports Q2 Mercedes-Benz Vans sales up 9% to 76,009 units vs. 69,436 units last year. Reports Q2 Daimler Buses sales up 2% to 8,097 units vs. 7,913 units last year.
July 22, 2014
07:24 EDTDDAIFMercedes invests in training, distribution to catch up in China, WSJ says
Daimler's (DDAIF) Mercedes-Benz unit is investing in China to build its biggest training facility in the world for car dealers and to add 100 new distribution outlets as it works to close the gap in the country with German automaking rivals BMW (BAMXY) and Audi, reported The Wall Street Journal. Reference Link
06:24 EDTDDAIFMercedes aims to outpace China luxury car sales growth, Bloomberg says
Daimlerís Mercedes-Benz foresees outpacing the growth in industry sales of luxury cars in China this year, after merging two rivaling sales networks and adding new models including its new C-class sedan, according to Bloomberg, citing comments from the head of Mercedes-Benz in China Nicholas Speeks. Speeks said the car manufacturer is confident that deliveries will exceed 300K units next year with sales this year reaching close to 250K units. Reference Link
July 18, 2014
10:03 EDTDDAIFOn The Fly: Analyst Downgrade Summary
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04:59 EDTDDAIFDaimler AG downgraded to Neutral from Outperform at Credit Suisse
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July 17, 2014
08:27 EDTDDAIFMercedes-Benz issues recall due to air bag assembly error
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07:50 EDTVLKAYBiggest Fiat stakeholder denies possible VW acquisition, Bloomberg says
Fiat's (FIATY) largest stakeholder, the Agnelli family, said that there were no talks regarding a merger between the Italian car manufacturer and Volkswagen (VLKAY), according to Bloomberg, citing a spokesman for Exor, the Agnelli family's investment firm. Exor owns 30% of Fiatís shares and was responding to a report by Germanyís Manager Magazin. Reference Link
06:44 EDTVLKAYReport says VW in talks to buy Fiat, Reuters says
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July 16, 2014
11:42 EDTDDAIFDaimler to debut new Smart 4, 2 seat vehicles, Automotive News says
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July 15, 2014
09:14 EDTVLKAYVW CEO aiming for $6.8B in savings to boost profitability, Bloomberg says
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07:57 EDTVLKAYVolkswagen says new midsize SUV to be produced in Chattanooga, TN
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06:27 EDTVLKAYAutomakers backing U.S.-EU trade deal, NY Times reports
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July 14, 2014
09:16 EDTVLKAYVolkswagen poised to invest $900M in Tennesee facility, WSJ says
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06:31 EDTVLKAYVolkswagen expected to unveil details of new SUV for U.S. market, WSJ reports
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July 11, 2014
06:37 EDTVLKAYUnion creates branch for employees at VW facility, Reuters says
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July 10, 2014
06:34 EDTVLKAYChina exempts new energy cars from sales tax, Xinhua reports
China announced yesterday that new energy cars would be exempt from a 10% sales tax starting in September, according to Xinhua. The tax will not have to be paid by buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars from September 1, 2014 until the end of 2017, the news service quoted the Chinese government as saying. Tesla (TSLA), Volkswagen (VLKAY), and Kandi Technologies (KNDI) are among the companies that are poised to benefit from the decision. Reference Link

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