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Stock Market & Financial Investment News

News Breaks
May 29, 2014
06:55 EDTHYMLF, BAMXY, AUDVFHyundai 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
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August 18, 2014
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
August 13, 2014
13:31 EDTAUDVFAudi up against penalty for monopolistic demeanor in China, Reuters says
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August 7, 2014
18:04 EDTHYMLFHyundai Motor Co agrees to $17.35M fine from NHTSA, WSJ says
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06:33 EDTAUDVFAnti-trust investigations in China reignite protectionism worries, Reuters says
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August 6, 2014
06:48 EDTAUDVFNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link

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