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Stock Market & Financial Investment News

News Breaks
January 21, 2014
05:52 EDTVLKAY, NXPINXP Mantis CAN tranceivers approved by Volkswagen for chokeless use in vehicles
NXP Semiconductors (NXPI) announced that Volkswagen (VLKAY) has approved Mantis for use in its vehicles without the need for a common-mode choke, enabling significant system cost savings in applications. With increasing functions being introduced into the car, the performance of a modern IVN becomes increasingly critical to the vehicle's safe and reliable operation, with electro-magnetic emission and immunity against electro-magnetic interference being critical parameters to control. Automotive manufacturers define strict specifications which all transceivers must adhere to before being approved for use in the vehicle. Traditionally, a common-mode choke has been required to reach the performance limits in the application, creating an additional cost of approximately 10c-15c per module.
News For NXPI;VLKAY From The Last 14 Days
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September 1, 2015
14:55 EDTVLKAYAutodata says U.S. auto sales rate comes in at 17.8M SAAR, CNBC reports
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11:15 EDTVLKAYVolkswagen reports August U.S. sales down 8.1% to 32,332 units
07:59 EDTNXPINXP Semiconductors price target raised to $140 from $129 at SunTrust
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August 31, 2015
17:41 EDTVLKAYTencent-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 30, 2015
19:19 EDTVLKAYVolkswagen ordered to divest Suzuki shares as failed partnership reaches end
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August 27, 2015
08:16 EDTVLKAYVolkswagen plans to invest roughly $340M in South Africa, Bloomberg reports
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August 26, 2015
18:40 EDTVLKAYVolkswagen may export Russian vehicles amid low demand, Reuters says
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16:26 EDTVLKAYMajor 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 EDTVLKAYTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTVLKAYTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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09:04 EDTVLKAYVolkswagen's petition against Marathon Patent Group denied by USPTO
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08:50 EDTVLKAYVolkswagen's petition against Marathon Patent Group denied by USPTO
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August 25, 2015
14:27 EDTVLKAYVolkswagen delivers 792K vehicles in July
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August 23, 2015
18:23 EDTVLKAYGM, Volkswagen slow production at Chinese factories, WSJ says
Auto manufacturers including General Motors (GM) and Volkswagen (VLKAY) appear to be running their Chinese factories at less than maximum capacity for the first time, reports the Wall Street Journal, citing industry data. The numbers suggest that a "bumpier ride" may be in store for multinationals that counted on Chinese demand, said the report. "The situation seems worse than that of 2008," remarked an engineer working at GM's Shanghai plant. Reference Link
August 20, 2015
07:50 EDTNXPINXP Semiconductors management to meet with SunTrust
Meetings to be held in Dallas/Houston on August 26, in Houston/Denver on August 27 and in Los Angeles on August 28 hosted by SunTrust.
August 19, 2015
18:40 EDTVLKAYAudi 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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