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Stock Market & Financial Investment News

News Breaks
April 17, 2014
08:10 EDTNSANY, BAMXY, HMC, VLKAY, TM, DDAIFJapanese, German car manufacturers benefiting on Korea deal, Reuters says
Japanese and German car manufacturers are benefiting more than their U.S. rivals from a free trade deal between Washington and Seoul, according to Reuters, citing numbers inferring U.S. brands are not reaping the rewards they may have foreseen from the agreement. Car-makers in Germany include Volkswagen (VLKAY), BMW (BAMXY) and Daimler (DDAIF). Car-makers in Japan include Toyota (TM), Honda Motor (HMC) and Nissan (NSANY). Reference Link
News For TM;HMC;NSANY;VLKAY;BAMXY;DDAIF From The Last 14 Days
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June 29, 2015
14:57 EDTTM, NSANY, HMCTakata asks carmakers to delay price cut requests, Nikkei says
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11:52 EDTNSANYNissan recalling 12K cars in India for engine problems, The Times of India says
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June 28, 2015
16:34 EDTVLKAYVolkswagen plans Chinese budget-car lineup for 2018, Reuters says
Volkswagen CEO Martin Winterkorn said the company "will bring a budget-car family to [the Chinese] market in 2018, with an SUV, saloon and hatchback," reports Reuters, citing an interview with German newspaper Bild am Sonntag. Winterkorn noted that the vehicles will be built in China and will launch at a price point between EUR8000 and EUR11000, adding that Volkswagen "will see if this is something of interest for other markets as well." Reference Link
June 26, 2015
07:25 EDTVLKAYSuzuki says arbitration proceedings of VW dispute are over, Bloomberg says
Suzuki Motor Corp (SZKMF) said that arbitration proceedings to end a dispute with Volkswagen (VLKAY) over a failed partnership have ended, Bloomberg reports. The two automakers are waiting for the arbitrator's ruling on Suzuki’s effort to force VW to sell back a 19.9% stake, the report says, citing comments from Suzuki president Osamu Suzuki to investors. “We are embarrassed by the fact that the arbitration took such a long time, but we will disclose the conclusion as soon as it comes out,” the Suzuki president said at the annual shareholders meeting, according to Bloomberg. Reference Link
07:11 EDTHMCHonda restates earnings to adjust for airbag recall, Reuters reports
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June 25, 2015
18:52 EDTHMCAcura to recall 106,000 SUVs due to faulty air conditioner bolt
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10:01 EDTTM, NSANY, HMC, VLKAYTrueCar Tprjects retail auto sales to consumers up 7.9% in June
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07:01 EDTNSANY, TMToyota, Nissan expanding air bag recalls worldwide, Reuters reports
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06:49 EDTHMCSouth Korea orders recall of 24,808 vehicles with Takata air bags, Reuters says
South Korea's transport ministry stated that it ordered Honda (HMC), Fiat Chrysler (FCAU), Ford (F), and Renault to recall 24,808 vehicles that could contain faulty airbags manufactured by Takata (TKTDY), reports Reuters. Reference Link
June 24, 2015
17:57 EDTTM, NSANY, HMCWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 23, 2015
10:57 EDTTMReport: Toyota offices raided by police, Globe and Mail says
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08:30 EDTBAMXY, DDAIFFiat Chrysler’s Alfa Romeo revamp key test to turnaround plan, Reuters says
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07:53 EDTHMCSenate Commerce, Science & Transportation Committee to hold a hearing
The Committee holds a hearing entitled, "Update on the Recalls of Defective Takata Air Bags and NHTSA’s Vehicle Safety Efforts" with Executive Vice President of Takata, Kevin Kennedy, Sr Vice President of Fiat Chrysler, Scott Kunselman and Executive Vice President of Honda, Rick Schostek on June 23 at 10 am. Webcast Link
June 22, 2015
06:35 EDTHMCHonda says links eighth death to Takata airbags, Reuters reports
Honda (HMC) has confirmed that a September 2014 death of a Los Angeles, California, women, has been connected to the rupture of a Takata (TKTDY) airbag inflator, Reuters reported on Friday. This death is the eighth related to the defective airbags. Reference Link
06:08 EDTTMGeneral Motors to add over 243,000 hatcbacks to air bag recall, AP reports
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June 21, 2015
17:34 EDTVLKAYVolkswagen U.S. chief sees limited growth in near-term, Reuters says
In a Reuters interview at the company's U.S. headquarters, Volkswagen Group of America CEO Michael Horn remarked that the company sees "limited growth" in the U.S. over the next two years. Horn added that the company is planning a quicker pace for its SUV releases. Regarding the company's touted sales target of 800,000 annual vehicle sales by 2018, Horn said the 2018 goal "is still a relevant objective... But on the other hand, if you just focus on one year and one number you would do crazy things, so the most important thing is to have a long-term strategy." Reference Link
15:17 EDTVLKAYGestamp plans Tennessee plant to supply Volkswagen, WSJ says
Gestamp plans to open a pressing plant in Chattanooga, Tennessee to supply Volkswagen, reports the Wall Street Journal, citing people familiar with the situation. The report notes that Gestamp will create 500 new jobs at the facility, which will help produce Volkswagen's CrossBlue midsize SUV. Reference Link
June 19, 2015
10:50 EDTVLKAY, HMC, NSANY, TMEPA proposes new rules for medium- and heavy-duty truck emissions
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06:58 EDTBAMXY, VLKAYVolkswagen’s Diess expected to cut costs, boost profit, WSJ reports
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06:04 EDTTMToyota CEO to stand by arrested US executive Julie Hamp, Financial Times says
Toyota CEO Akio Toyoda apologized for the arrest of the company's first female western senior executive although it vowed to stand by her for now, reports the Financial Times. Toyoda commented, "Julie Hamp is an invaluable colleague... What I can do now is to believe in my colleague and co-operate fully with the investigation." Hamp was arrested on suspicion of illegally importing a prescription drug from the U.S. Reference Link
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