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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:13 EDTVLKAY, DDAIFAudi sees revenue boost from smaller vehicles, Bloomberg reports
Volkswagen's (VLKAY) Audi AG looks for a “slight” increase in revenue this year and reaching an operating margin at the upper end of its long-term target, helped by sales of compact SUVs and the new A3 sedan, reports Bloomberg. “We will grow further in 2013,” Audi CEO Rupert Stadler said in the text of a speech to be delivered today at the brand’s headquarters in Ingolstadt, Germany. “We will reach the mark of 1.5M car sales earlier than planned,” he said. Audi, which sold 1.46M vehicles last year, initially wanted to reach that mark in 2015.Reference Link
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May 17, 2013
07:39 EDTVLKAY, DDAIFEU auto sales move into posiitve teritory, FT reports
Auto sales in the European Union in April ended an 18-month losing streak, as hopes are raised that the market’s decline in the continent had finally begun to slow, reports the Financial Times. New registrations in the EU were up 1.7% compared with the same month a year ago, helped by gains in the German and U.K. markets, Europe’s largest by sales.Reference Link
May 14, 2013
13:38 EDTVLKAYFord, GM get high marks in consumer survey, Automotive News says
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10:20 EDTDDAIFDaimler AG management to meet with JPMorgan
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06:12 EDTDDAIF, VLKAYAudi sales growth surges in China, Bloomberg reports
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May 11, 2013
13:13 EDTVLKAYWestern car makers losing ground in India, WSJ says
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May 9, 2013
07:47 EDTVLKAYVolkswagen recalls 91.000 cars in Japan, Reuters reports
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06:09 EDTVLKAYChina passenger vehicle sales rose 13% in April, Bloomberg reports
In China, passenger vehicle sales jumped 13% in April as demand rose for new models, reports Bloomberg. Wholesale deliveries of cars, multipurpose and SUVs increased to 1.44M units, according to the state-backed China Association of Automobile Manufacturers.Reference Link
May 6, 2013
09:21 EDTDDAIFDaimler recalls Mercedes Citan vans in Europe over faulty airbags, Reuters says
About 3,500 Mercedes-Benz Citan in Europe are being recalled by Daimler (DDAIF) due to faulty airbags, Reuters reports. Reference Link
07:35 EDTVLKAYAudi wants clarification before building Brazil plant, Reuters reports
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