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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:49 EDTPCAR, NAV, VLKAY, DDAIFVolkswagen 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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August 1, 2014
13:02 EDTDDAIFMercedes-Benz USA reports July sales up 16.4% to 30,757 units
10:43 EDTVLKAYVolkswagen reports July U.S. sales down 14.6% to 30,553 units
July 30, 2014
06:57 EDTVLKAYVolkswagen poised to overtake Toyota in vehicle sales, Reuters says
Volkswagen's (VLKAY) rapid growth in China leaves it well-positioned to overtake Toyota (TM) as the world's leader in vehicle sales, according to Reuters. Volkswagen's sales for the first half of the year could eclipse those of Toyota, the news service stated. Reference Link
July 29, 2014
08:09 EDTPCARPACCAR reports Q2 EPS 90c, consensus 89c
Reports Q2 revenue $4.57B, consensus $4.43B.
July 28, 2014
15:47 EDTPCARNotable companies reporting before tomorrow's open
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15:26 EDTPCARPACCAR technical comments before results
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06:43 EDTVLKAYAudi decreases spare-part costs in China amid investigation, Reuters says
Volkswagen's (VLKAY) premium brand Audi (AUDVF) said it plans to reduce spare-part costs in China as worldwide carmakers rush to amend their pricing goals after the National Development and Reform Commission in China started investigating the vehicle industry, according to Reuters, citing comments in an emailed statement from Audi. The NDRC is looking into the industry amid domestic media allegations that foreign car companies, using a monopolistic market position, are charging Chinese clients too much on products and extra parts. Reference Link
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
Daimler’s 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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