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Stock Market & Financial Investment News

News Breaks
March 18, 2013
07:38 EDTVLKAY, TM, 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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August 3, 2015
08:38 EDTVLKAY, TMCiti sees VW nomination as 'clear positive' for Mobileye, Delphi
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08:25 EDTVLKAYMobileye, Delphi named Volkswagen supplier partners for ADAS
On Friday, Volkswagen Group (VLKAY) announced it has nominated the first 44 suppliers who will be collaborating with the Group on a new common strategic level under the joint "Future Automotive Supply Tracks," or "FAST," initiative. "These suppliers were chosen for their outstanding performance in their respective field of competence based on a systematic selection process," Volkswagen stated. Mobileye (MBLY) and Delphi (DLPH) were each named as partners for ADAS, or advanced driver assistance systems. Other supplier partners named by the German automaker included NVIDIA (NVDA), Vodafone (VOD), IBM (IBM), Avis Budget (CAR), Corning (GLW), Honeywell (HON), BP (BP) and Exxon Mobil (XOM).
August 2, 2015
19:11 EDTVLKAY, BAMXYGerman auto group to buy Nokia mapping unit for $3.2B, Reuters says
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16:14 EDTBAMXYApple CEO toured BMW electric vehicle factory, Reuters says
Apple (AAPL) CEO Tim Cook and other senior executives travelled to BMW (BAMXY) headquarters last year and toured its Leipzig factory to gather data on electric car manufacturing, reports Reuters, citing two sources familiar with the matter. Collaboration talks ended without a definite conclusion because Apple appeared to want to pursue its own car development, said one the sources. Reference Link
July 31, 2015
11:22 EDTBAMXYGerman luxury auto group close to $3B deal for Nokia's HERE, Bloomberg says
A group of German luxury car makers including BMW (BAMXY), Mercedes-Benz parent Daimler (DDAIF), and Audi (AUDVF) are close to an agreement to purchase Nokia's (NOK) digital-maps business HERE for roughly $3B, Bloomberg reports, citing people familiar with the matter. An official announcement may come as soon as Monday, the report says. Reference Link
06:53 EDTTMToyota signs pact with two companies for in-car navigation, Re/code says
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July 29, 2015
06:14 EDTVLKAY, TMGM, Ford sales rise to level of German luxury auto makers, WSJ says
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July 28, 2015
06:55 EDTTM, VLKAYVolkswagen passes Toyota as largest auto maker by sales, Reuters says
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06:41 EDTTM, VLKAYU.S. regulators pledge to continue auto safety crackdown, WSJ reports
Federal regulators have vowed to continue a crackdown on auto makers when discovering "significant" safety lapses, the Wall Street Journal reports. U.S. Transportation Secretary Anthony Foxx said Monday that he was "encouraged" by conversations with car companies about safety problems, the report says. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
July 27, 2015
19:45 EDTTMScion chief plans to double U.S. sales by 2017, Reuters says
Toyota's Scion brand aims to double its U.S. vehicle sales to more than 100,000 by 2017, reports Reuters, citing statements from Scion chief Doug Murtha. Murtha told reporters that three upcoming Scion vehicle launches will drive the sales boost, adding that he expects 2015 sales to be roughly comparable to 2014 results. Reference Link
07:49 EDTBAMXYApple said to talk with BMW about electric car project, MacRumors reports
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July 26, 2015
19:22 EDTBAMXY, VLKAYBaidu CEO 'still interested' in Nokia map unit, Re/code says
In a Re/code interview published Friday afternoon, Baidu (BIDU) CEO Robin Li remarked that the company is "still interested" in Nokia's (NOK) HERE mapping unit. When asked about potential partners, Li commented, "I cannot say too much about it because it’s not a done deal." Note that earlier media reports have suggested Nokia is or was leaning towards selling HERE to a group of German luxury car makers including Daimler (DDAIF), BMW (BAMXY), and Volkswagen's (VLKAY) Audi (AUDVF). Reference Link
July 22, 2015
18:59 EDTVLKAYVolkswagen in talks to sell stake in LeasePlan, Reuters says
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07:18 EDTTM, VLKAYAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
18:33 EDTTMToyota to delay building Lexus brand in China, Reuters reports
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12:22 EDTTMFormer Toyota exec plans to make supplier more competitive, Bloomberg says
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11:05 EDTTMAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
09:40 EDTTM, VLKAYJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
08:07 EDTVLKAYBorgWarner provides R2S turbocharging technology to Volkswagen
BorgWarner (BWA) provides its two-stage, or R2S, turbocharging technology for Volkswagen's (VLKAY) new high-performance diesel engine. Engineered to comply with the Euro 6 emissions standard, the 2.0-liter four-cylinder engine is the most powerful diesel engine in its class.
06:42 EDTBAMXYNokia close to selling HERE to German auto makers, Bloomberg reports
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