New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
06:53 EDTVLKAYVolkswagen CEO to stay in position despite fallout with chairman, Reuters says
Subscribe for More Information
April 16, 2015
06:02 EDTVLKAYVolkswagen's supervisory board to meet to resolve leadership dispute, WSJ says
Subscribe for More Information
April 15, 2015
11:21 EDTTMMobileye rises after Morgan Stanley, Deutsche Bank hike price targets
Subscribe for More Information
09:08 EDTTMToyota to realign North American manufacturing operations
As reported, Toyota plans to invest in a new plant will be built in Guanajuato, Mexico, to support improved competitiveness in North America. The plant will produce Corolla taking into consideration forecasted steady, mid and long-term growth in North America. Building this plant will be one of Toyota's efforts to realign its North American manufacturing operations and begin a new approach to plant building; featuring new work processes, including Toyota New Global Architecture production engineering innovations, and will be a model for global manufacturing. To more efficiently supply high-quality and attractive vehicles, Toyota will continue regional consolidation of North American production based on vehicle body type and size. In 2019, production of the Corolla will be shifted from the plant in Cambridge Ontario, Canada to the newly opened plant in Mexico and the plant in Blue Springs, Mississippi will continue to produce the Corolla; consolidating compact vehicle production to the Southern U.S. and Mexico. TMMC will then focus its production on mid-sized vehicles of higher value, along with Toyota Motor Manufacturing, Kentucky and Toyota Motor Manufacturing, Indiana.
09:06 EDTTMToyota to build new plant in Mexico, expand Chinese joint venture
Toyota announced that it will build a new plant in Mexico and expand its joint venture, Guangzhou Toyota Motor Co., in China. These investments are grounded on its plans to construct production lines that are more competitive, with greatly reduced initial investment, improved efficiency, flexibility, environmental performance and safety, the company said. The new plant in Mexico and the expansion in China will be designed to accelerate innovation by implementing new technologies into real production lines. These "simple and slim" production lines can be easily lengthened or shortened depending on demand, with over-head conveyance devices eliminated, compact equipment installed on top of the plant floors, and paint-booths that are smaller. Toyota had previously suspended construction of new plants in order to improve capacity utilization of existing plants and plan for reduced model change-over and new plant construction investment. Currently, total capacity utilization is more than 90% and the initial portion of new simple and slim plant costs, including structure and equipment, is expected to be approximately 40% lower when compared to 2008. Production at the new plant in Mexico is scheduled to start in 2019 and the investment will be approximately $1B. Production at the new plant in China is to start as needed after completion of new line 3 in 2017 and Toyota plans to invest about Y52.5B.
April 14, 2015
12:23 EDTTMFord likely to announce $2.5B investment in Mexico this week, Reuters reports
Subscribe for More Information
06:23 EDTTMToyota to spend $1B to build factory in Mexico, Reuters reports
According to two sources, Toyota will announce plans on Wednesday to invest $1B to build a car factory in Mexico, Reuters reports. The factory, which would be in Guanajuato, is expected to produce about 200,000 cars per year and create about 2,400 direct jobs, one source says. Reuters previously reported that the factory would produce the Corolla car starting in the summer of 2019. Reference Link
April 12, 2015
19:46 EDTTMToyota plans to build new Chinese factory by 2018, AFP says
Subscribe for More Information
19:15 EDTVLKAYVolkswagen chairman has 'distanced' himself from CEO, Reuters says
Subscribe for More Information
April 7, 2015
10:05 EDTTMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:38 EDTTMToyota downgraded to Neutral from Buy at UBS
April 6, 2015
09:51 EDTVLKAYVolkswagen to increase TN plant expansion, Chattanooga Times Free Press says
Volkswagen looks to increase a a planned expansion at its Chattanooga plant by another 130,153 square feet, reports the Chattanooga Times Free Press. According to city documents, the increase would boost the size of the originally planned expansion by about 25% and would cost nearly $18M more. Reference Link
05:54 EDTTMToyota to open plants in Mexico and China, Financial Times reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use