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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:49 EDTDDAIF, PCAR, VLKAY, NAVVolkswagen bid rumor short term positive for PACCAR, says Wells Fargo
After Daimler's (DDAIF) Truck CEO reportedly suggested at a company event that Volkswagen (VLKAY) will seek to acquire PACCAR (PCAR), Wells Fargo said it is skeptical that Volkswagen will make a bid, noting that the company has since denied it is looking to make a takeover play. However, Wells thinks the news could be a short term positive for PACCAR and a negative for peer Navistar (NAV), which the firm notes has previously been speculated as a target for the German automaker.
News For PCAR;NAV;VLKAY;DDAIF From The Last 14 Days
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March 27, 2015
09:26 EDTDDAIFMercedes-Benz to launch pickup truck within five years, Reuters says
Daimler AG's Mercedes-Benz plans to launch a mid-size pickup truck within next five years, reports Reuters, citing company and spokesperson statements. Mercedes will roll out the vehicle in Latin America, South Africa, Australia and Europe but has not yet decided whether to launch in the U.S., said a spokesperson. The truck will be built by Daimler's van division, said the company. Reference Link
March 26, 2015
07:23 EDTPCARUBS to hold a field trip
Field Trip: 2015 Mid-America Trucking Show is being held in Louisville, KY on March 26.
March 24, 2015
15:37 EDTNAVGabelli raises stake in Navistar to 12.3% from 11.21%
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08:44 EDTPCAR, NAVCommercial vehicles peak cycle concerns overdone, says RW Baird
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March 23, 2015
07:37 EDTVLKAYVolkswagen to cut at least 150 workers at Russian plant, Reuters reports
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March 22, 2015
17:01 EDTPCARWestern Digital, PACCAR, two others look discounted, Barron's says
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March 20, 2015
05:57 EDTVLKAYLand Rover recalls 36K SUVs following CCTV report, Financial Times says
Tata Motors' (TTM) Jaguar Land Rover is recalling more than 36K SUVs in China, reports the Financial Times. The recall comes after CCTV singled out Jaguar Land Rover of faliing to respond to customer complaints about faulty gearboxes. CCTV's report also accused Nissan (NSANY), Volkswagen (VLKAY), and Mercedes-Benz's China joint ventures on alleged overcharging by service outlets. Reference Link
March 19, 2015
11:39 EDTNAVNavistar management to meet with Jefferies
Meeting to be held in Louisville, KY on March 25 hosted by Jefferies.
10:20 EDTVLKAYReport: Volvo may oust CEO Olof Persson in next 1-2 weeks, Reuters says
Volvo (VOLVY) may oust CEO Olof Persson as the automaker faces lower profit, reports Reuters, citing a Swedish business daily Dagens Industri report. According to unnamed sources, an announcement about the CEO's departure could come within one or two weeks. One likely successor could be Volkswagen's (VLKAY) Scania head Martin Lundstedt. Reference Link
March 18, 2015
10:00 EDTNAVOn The Fly: Analyst Downgrade Summary
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08:35 EDTNAVNavistar downgraded to Underweight from Equal Weight at Morgan Stanley
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06:33 EDTNAVNavistar downgraded to Underweight from Equal Weight at Morgan Stanley
March 17, 2015
09:47 EDTVLKAYVolkswagen management to meet with JPMorgan
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March 15, 2015
17:20 EDTVLKAYVolkswagen, Nissan criticized by China consumer rights show, Reuters says
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