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Stock Market & Financial Investment News

News Breaks
February 18, 2014
06:00 EDTVLKAY, DDAIFVolkswagen's board to focus on truck operations, Reuters reports
Later in the week, Volkswagen (VLKAY) will focus on its desire to become Europe's biggest truck manufacturer, reports Reuters. That could lead to the hiring of former Daimler executive Andreas Renschler, sources say. VW has spent billions expanding stakes in Sweden's Scania and Germany's MAN to cut costs and take on leading truck maker Daimler (DDAIF). Still, the full benefits from its alliance haven't materialized.Reference Link
News For VLKAY;DDAIF From The Last 14 Days
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October 17, 2014
05:59 EDTVLKAYVolkswagen, partner recall over 581,000 vehicles in China, WSJ reports
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October 16, 2014
06:34 EDTVLKAYChina to punish automakers that miss fuel standards, Reuters reports
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October 15, 2014
11:28 EDTVLKAYVolkswagen Japan to introduce two new electric models next year, Nikkei reports
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10:02 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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05:30 EDTDDAIFDaimler AG upgraded to Overweight from Underweight at Barclays
October 14, 2014
05:56 EDTDDAIFDaimler sees FY14 industrial free cash flow significantly lower than last year
Daimler is reviewing its guidance for the free cash flow of its industrial business excluding the effects of acquisitions and disposals for FY14. Hitherto, Daimler had assumed that the free cash flow of the industrial business adjusted for the effects of acquisitions and disposals would probably be significantly lower in 2014 than in the previous year. The individual divisions continue to aim for the following EBIT from the ongoing business in FY14: Mercedes-Benz Cars: significantly above the prior-year level, Daimler Trucks: significantly above the prior-year level, Mercedes-Benz Vans: at the prior-year level, Daimler Buses: significantly above the prior-year level, and Daimler Financial Services: slightly above the prior-year level.
05:55 EDTDDAIFDaimler reports Q3 industrial free cash flow ex-items EUR 2.9B
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October 13, 2014
06:44 EDTVLKAYRegulators seeking banks' auto loan data, Reuters reports
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October 12, 2014
17:21 EDTVLKAYTesla ahead of other car makers on semiautonomous driving system, WSJ says
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October 10, 2014
07:09 EDTVLKAYVolkswagen reports 881,300 vehicles sold in September
Volkswagen reports 881,300 vehicles sold in September, which is a 3% increase from the same period last year. Group brands delivered a total of 2.90M vehicles to customers on the overall European market from January to September, of which 1.51M were handed over in Western Europe, excluding Germany. 909,200 customers took possession of a new vehicle on the home market of Germany. Europe's largest automaker delivered 481,100 vehicles in Central and Eastern Europe. 196,700 models were handed over to customers in Russia during the same period. The Group continued to record very encouraging figures in the Asia-Pacific region, where 2.99M vehicles were handed over to customers in the period to September, of which 2.72M units were delivered in China. The Volkswagen Passenger Cars brand delivered 4.56M vehicles to customers worldwide from January to September. Audi (AUDVF) delivered 1.30M vehicles worldwide in the period to September. The sports car manufacturer Porsche (POAHY) delivered a total of 135,600 vehicles in the first three quarters. SKODA delivered a total of 774,100 vehicles worldwide from January to September. SEAT delivered 294,000 vehicles worldwide in the period to September. Volkswagen Commercial Vehicles delivered 325,100 vehicles to customers from January to September.
06:56 EDTVLKAYVolkswagen aims to strengthen partnership with FAW, Bloomberg says
Volkswagen is looking to strengthen its research-and-development project partnership with China FAW Car Corp., its joint venture collaborator, according to Bloomberg, citing five people familiar with the matter. The sources said that the scope of work between the two companies will include hybrid and electric vehicle development. Reference Link
October 7, 2014
09:30 EDTDDAIFDaimler to begin making medium truck engines for North America, HDT says
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09:27 EDTDDAIFWells says Daimler decision to make engines negative for Cummins
Wells Fargo says Daimler's (DDAIF) announced intention to begin producing medium truck engines for its North American applications beginning in early 2016 is a negative for Cummins (CMI). Wells believes Daimler's decision is a threat to Cummins' supply relationship with Daimler's North American truck business. The firm estimates Cummins realized 45K engines and after-treatment systems to Daimler's North American Class 6-7 truck business over the twelve months ending August 2014. It has a Market Perform rating on the stock.

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