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Stock Market & Financial Investment News

News Breaks
March 18, 2013
07:38 EDTTM, VLKAY, BAMXYVolkswagen, Toyota, BMW face pricing probe in South Korea, FT reports
After the offices of the Korea Automobile Importers and Distributors Association were raided by investigators from South Korea’s Fair Trade Commission, the head of the association is claiming the country's authorities are conducting a "witch hunt" by accusing foreign auto-makers of alleged price collusion, reported Financial Times. South Korean competition regulators are probing Volkswagen (VLKAY), Toyota Motor (TM), BMW (BAMXY) and Mercedes-Benz the report noted. Reference Link
News For TM;VLKAY;BAMXY From The Last 14 Days
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October 31, 2014
07:38 EDTTMToyota November volatility at 17 into Q2 and outlook
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06:37 EDTVLKAYVW, Daimler diminish rumors about possible CEO succession, Reuters says
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06:31 EDTBAMXY, TMNHTSA asks Takata for defected airbag documentation, Reuters says
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October 30, 2014
13:45 EDTTMHyundai hybrid to compete with Prius, Reuters reports
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06:42 EDTBAMXY, TMDefected Takata airbags could take months to replace, Reuters says
The National Highway Traffic Safety Administration does not think Takata is capable of completely supplying replacement parts for millions of faulty airbags until this upcoming January or later, according to Reuters, citing comments from the agency's deputy director. David Friedman. Car companies who utilized Takata airbags include Toyota (TM), Honda (HMC), Mazda (MZDAF), BMW (BAMXY), Nissan (NSANY), Mitsubishi, Subaru, Chrysler (FCAU), Ford (F), and General Motors (GM). Reference Link
October 29, 2014
06:40 EDTVLKAYWatchdog says Volkswagen issued recall for China Audis, Reuters says
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October 27, 2014
14:37 EDTTMToyota tops Consumer Reports survey, Reuters says
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06:53 EDTVLKAYVolkswagen up against China protests after recall, Bloomberg says
After Volkswagen announced that it will recall over 581K New Sagitar and Beetle cars due to a rear torsion crank axle defect, the vehicle manufacture is up against country-wide protests in China, according to Bloomberg, citing comments from Volkswagen China’s executive president Soh Weiming. Reference Link
06:40 EDTTMTakata mulls $19M-$28M charge to cover airbag recall expense, Reuters says
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06:17 EDTTM, VLKAYToyota leads over Volkswagen and GM in global vehicle sales, AP reports
Toyota (TM) continues to lead rivals Volkswagen (VLKAY) and General Motors (GM) as the world's top selling automaker in the first nine months of the year, reports the Associated Press. Toyota reported record sales of 7.62M vehicles, up 3% from last year. Volkwager said earlier this month it sold 7.4M vehicles in the nine-month period while GM reported 7.37M cars and trucks worldwide in the same period. Reference Link
October 24, 2014
18:25 EDTTMToyota won't seek price concessions from parts suppliers Nikkei says
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06:29 EDTTMHonda Mobilio zeros in on Toyota's domain in Indonesia, Reuters says
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October 23, 2014
13:11 EDTTMToyota sold Tesla shares, partnership ties reduced, Nikkei says
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10:08 EDTVLKAYAudi issues recall for 850K A4 vehicles due to airbag defect, WSJ says
Audi (AUDVF), a subsidiary of Volkswagen (VLKAY), announced the issuance of a global recall for 850K Audi A4 vehicles due to the need to fix faulty airbags, according to The Wall Street Journal, citing comments from an Audi spokesman. The car company noted that this defect is not related to the worldwide car recall relating to Takata's airbags. Reference Link
07:58 EDTTM, VLKAYAutomakers under increased scrutiny after wide ranging air bag recall, WSJ says
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October 22, 2014
11:33 EDTTMToyota exec aims to keep Takata despite airbag defect, Reuters says
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06:24 EDTBAMXY, TMNHTSA says over 6M cars involved in Takata airbag recalls
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October 20, 2014
10:32 EDTTMToyota recalls 247K vehicles equipped with faulty Takata air bags
Toyota Motor Sales, U.S.A. announced plans to conduct a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata Corporation. This action intensifies Toyota’s efforts to reach customers and remedy previously recalled vehicles, and a small number of newly included vehicles, in certain geographic areas that appear to warrant immediate action, based on testing by the supplier. Reference Link
06:39 EDTBAMXYReport says BMW CFO expects sales to increase more in FY15, Reuters says
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October 17, 2014
05:59 EDTVLKAYVolkswagen, partner recall over 581,000 vehicles in China, WSJ reports
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