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Stock Market & Financial Investment News

News Breaks
May 29, 2014
06:55 EDTHYMLF, AUDVF, BAMXYHyundai reveals sedans in South Korea to rival BMW, Audi, Reuters says
On the night before the Busan Motor Show, Hyundai (HYMLF) revealed two new sedans manufactured for its home South Korean market to take on increasing imports from rivals such as BMW (BAMXY) and Audi (AUDVF), according to Reuters, citing comments from Hyundai domestic sales executive Kim Sang-dae. Reference Link
News For HYMLF;BAMXY;AUDVF From The Last 14 Days
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September 1, 2015
14:23 EDTHYMLFHyundai reports August U.S. sales up 3% to 72,012 units
12:39 EDTBAMXYBMW reports August U.S. sales up 2% to 32,864 units
In total, the BMW Group in the U.S., BMW and MINI combined, reported August sales of 32,864 vehicles, an increase of 2% from the 32,219 vehicles sold in the same month a year ago. Year-to-date, BMW Group sales are 263,908 vehicles, a 7.3% increase from the same period last year. Sales of BMW brand vehicles increased 2% in August for a total of 27,755 - a new August record - compared to 27,213 vehicles sold in August, 2014. Year-to-date, BMW brand sales are 223,348 vehicles, a 5.9% increase from the same period last year. "Even without Labor Day weekend as part of the month, the solid August results for both BMW and MINI continue to prove the strength of consumer demand and underscore the momentum BMW Group has shown throughout this year," said Ludwig Willisch, President and CEO, BMW of North America. "With the launch of the all-new BMW 7 Series getting underway and the new BMW X1 also on the horizon, I'm expecting a strong finish in the remaining four months of 2015." For August, MINI USA reports 5,109 automobiles sold, an increase of 2.1% from the 5,006 sold in the same month a year ago. Year-to-date, MINI USA sales are 40,560 vehicles, a 16% increase from the same period last year. In August, BMW Certified Pre-Owned sold 10,027 vehicles, down 7.1% from August 2014, with a year-to-date gain of 16.5% to 78,068 vehicles sold over the same period in 2014. Total BMW Pre-Owned sales continue to be challenged by low availability with 15,763 vehicles sold in August 2015, an 18.4% decrease from August 2014. The Total BMW Pre-Owned cars sold for the first eight months were 124,151, a 7.4% decrease from the same period in 2014. In August, sales of MINI NEXT were 1,134 vehicles, up 3.5 percent over August 2014, with a year-to-date gain of 25.6% to 7,925 cars over the same period in 2014. Total MINI Pre-Owned sales were 2,696 cars, an increase of 5.3% from August 2014. Total MINI Pre-Owned sales for the first eight months were 18,205, a 7% increase from the same period in 2014.
August 31, 2015
17:41 EDTBAMXYTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
August 28, 2015
06:17 EDTBAMXY, AUDVFGerman car makers take hit in China, WSJ reports
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August 26, 2015
16:26 EDTBAMXY, HYMLFMajor 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
August 25, 2015
06:44 EDTBAMXY, AUDVFArcelorMittal finds success in Northern France plant, WSJ reports
ArcelorMittal (MT) has found improbable success investing heavily in Europe, particularly in rust belt Northern France, the Wall Street Journal reports. The company's most profitable business unit is located in Northern France, and the European Union is still the globe's most prestigious automotive market, where companies such as Audi (AUDVF) and BMW (BAMXY) make nearly a trillion dollars worth of cars a year, the report says, meaning higher demand for locally produced steel. Reference Link
August 19, 2015
18:40 EDTAUDVFAudi electric SUV entering production in 2018 with 310 mile range
Volkswagen's (VLKAY) Audi (AUDVF) released additional details on its forthcoming "e-tron Quattro" electric SUV. The company said "the latest battery technology" will provide a range of more than 310 miles, adding that the SUV will be "in series production from 2018." In an August 13 press release, the company said it will be partnering with LG Chem and Samsung (SSNLF) SDI on batteries for the vehicle. Note that on August 5, Tesla (TSLA) stated that its Model X crossover utility vehicle remains on track for a late Q3 launch. Reference Link

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