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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 Koreaís 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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July 23, 2014
07:25 EDTVLKAYVW head addresses German employees regarding cost reductions, Reuters says
Volkswagen CEO Martin Winterkorn is planning to address workers at the car maker's largest facility in Germany as he aims to win their support for cost reductions at the firm's core VW brand, according to Reuters, citing two company sources. Winterkorn is aiming to reduce costs by $6.74B each year to streamline work processes at all levels of the brand. Reference Link
07:20 EDTVLKAYFiat head says VW tie-up never an option, Reuters says
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July 22, 2014
07:24 EDTBAMXYMercedes invests in training, distribution to catch up in China, WSJ says
Daimler's (DDAIF) Mercedes-Benz unit is investing in China to build its biggest training facility in the world for car dealers and to add 100 new distribution outlets as it works to close the gap in the country with German automaking rivals BMW (BAMXY) and Audi, reported The Wall Street Journal. Reference Link
July 18, 2014
18:21 EDTTMToyota to launch pricier compact in India, Nikkei reports
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15:23 EDTTMJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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July 17, 2014
07:50 EDTVLKAYBiggest Fiat stakeholder denies possible VW acquisition, Bloomberg says
Fiat's (FIATY) largest stakeholder, the Agnelli family, said that there were no talks regarding a merger between the Italian car manufacturer and Volkswagen (VLKAY), according to Bloomberg, citing a spokesman for Exor, the Agnelli family's investment firm. Exor owns 30% of Fiatís shares and was responding to a report by Germanyís Manager Magazin. Reference Link
06:44 EDTVLKAYReport says VW in talks to buy Fiat, Reuters says
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July 16, 2014
10:22 EDTBAMXYBMW to make 3 more vehicle models in China, WSJ says
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09:52 EDTBAMXYBMW issues recall for 1.6M vehicles globally, Reuters says
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July 15, 2014
09:14 EDTVLKAYVW CEO aiming for $6.8B in savings to boost profitability, Bloomberg says
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07:57 EDTVLKAYVolkswagen says new midsize SUV to be produced in Chattanooga, TN
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06:47 EDTBAMXYBMW ups battery supplies due to EV expansion plans, Bloomberg says
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06:27 EDTVLKAY, TMAutomakers backing U.S.-EU trade deal, NY Times reports
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July 14, 2014
09:16 EDTVLKAYVolkswagen poised to invest $900M in Tennesee facility, WSJ says
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07:55 EDTTMToyota halts production at South African plant, Bloomberg reports
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06:31 EDTVLKAYVolkswagen expected to unveil details of new SUV for U.S. market, WSJ reports
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06:08 EDTTMABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link
July 11, 2014
06:37 EDTVLKAYUnion creates branch for employees at VW facility, Reuters says
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July 10, 2014
14:01 EDTTMToyota selects KDC to develop new North American headquaters
Toyota announced that it has selected Dallas-based KDC Real Estate Development & Investments, one of America's leading commercial real estate development and investment firms, to develop its new North American headquarters campus in the Legacy West development in Plano, Texas. Toyota recently finalized the purchase of its new headquarters site and expects to begin occupying the campus in late 2016 or early 2017. Once completed, the headquarters will be home to about 4,000 Toyota employees.
06:34 EDTVLKAYChina exempts new energy cars from sales tax, Xinhua reports
China announced yesterday that new energy cars would be exempt from a 10% sales tax starting in September, according to Xinhua. The tax will not have to be paid by buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars from September 1, 2014 until the end of 2017, the news service quoted the Chinese government as saying. Tesla (TSLA), Volkswagen (VLKAY), and Kandi Technologies (KNDI) are among the companies that are poised to benefit from the decision. Reference Link

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