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Stock Market & Financial Investment News

News Breaks
August 5, 2014
15:18 EDTSPWR, VLKAYSunPower partners with Volkswagen to provide residential solar energy solutions
As part of Volkswagen's (VLKAY) efforts to deliver an ultra-low-carbon car, the company is working with SunPower (SPWR) to provide qualified U.S. Volkswagen e-Golf customers the opportunity to install a high performance SunPower solar system. A residential SunPower system can help customers save on annual household electricity costs as well as power their electric vehicle, reducing overall cost of ownership, according to Volkswagen. Volkswagen Group of America is SunPower's first automotive partner whose customers will receive premier access to an energy storage solution from SunPower for a limited time once it becomes commercially available.
News For SPWR;VLKAY From The Last 14 Days
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September 22, 2014
06:36 EDTVLKAYVolkswagen aims for increased margins with China-only car, Reuters says
Volkswagen (VLKAY) is poised to initiate a new luxury sedan intended only for its consumers in China next year in an effort to increase its margins, according to Reuters, citing two people with knowledge of the plan. The launch could position the automaker to be in a direct rivalry with its Audi (AUDVF) brand. Reference Link
September 19, 2014
06:41 EDTSPWRGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
September 18, 2014
07:21 EDTSPWRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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06:35 EDTVLKAYUAW plans to again negotiate for Volkswagen plant workers in Tennessee, WSJ says
The United Auto Workers union plays to again negotiate for some manufacturing workers at Volkswagen's (VLKAY) Tennessee auto assembly although it was rejected in a February organizing vote, reports the Wall Street Journal. The labor union said roughly 750 workers have joined the recently formed union local in Chattanooga, Tennessee. Reference Link
September 17, 2014
08:18 EDTSPWRCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:37 EDTVLKAYEU car registrations up 2.1% in August, up 5.6% in July
The European Automobile Manufacturers Association reported new passenger car registrations were up by 5.6% in July and by 2.1% in August. Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year, the group noted. Publicly traded automakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
September 16, 2014
07:08 EDTVLKAYToyota Lexus unit questioned regarding parts pricing, Reuters says
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06:30 EDTVLKAYNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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September 12, 2014
13:03 EDTSPWRSolar stocks rise after Trina says can't keep up with demand
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11:50 EDTVLKAYPorsche SE takes 10% stake in INRIX for $55M
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September 11, 2014
14:10 EDTSPWRIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
06:31 EDTVLKAYVolkswagen JV, Chrysler unit fined in China for price-fixing, WSJ reports
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September 10, 2014
09:17 EDTVLKAYChina mulls easing car dealer restrictions, Bloomberg says
China's Ministry of Commerce is considering whether to ease rules on car dealers and allow them to sell vehicles from multiple brands in the same store, according to Bloomberg, citing people familiar with the matter. Note that both Bitauto (BITA) and Autohome (ATHM), which operate automobile buyer focused websites in China, were down significantly during yesterday's trading, though it is unclear if the reported new regulations play a role in their share weakness. Publicly traded carmakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
September 8, 2014
13:04 EDTVLKAYAugust vehicle sales drop in Russia, WSJ says
The Association of European Businesses said that the sales of new vehicles in August throughout Russia have dropped at the quickest rate so far in 2014, according to The Wall Street Journal, citing a statement from chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber. Industry officials are anticipating sales in the country for 2014 to decrease another 20% after a 5% decline last year. Publicly traded companies in the automobile industry include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link

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