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News For VLKAY;GM;F;TM;NSANY;HMC;AN From The Last 14 Days
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November 24, 2015
06:50 EDTVLKAYVW CEO: Steps to refit diesel engines 'manageable,' Reuters says
The moves needed to fix roughly 8.5M Volkswagen cars in Europe equipped with illegal emissions-control software are technically and financially "manageable," Reuters reports, citing comments from Volkswagen CEO Matthias Mueller. Reference Link
November 23, 2015
10:37 EDTF, HMC, TM, NSANYFord no longer using Takata air bag inflators in future cars, AP reports
Ford (F) will stop using air bag inflators manufactured by Takata (TKTDY) in future vehicles, the Associated Press reports. The company joins Honda (HMC), Toyota (TM), and Nissan (NSANY) in choosing not to put the inflators in vehicles currently under development, the report says. Reference Link
10:33 EDTFFord recalls roughly 451,000 midsize vehicles in NA for potential fuel leak
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06:24 EDTGMGM uses KBB to offer targeted incentives, Automotive News reports
General Motors has turned to Kelley Blue Book's website to offer targeted incentives to customers, Automotive News reports. Reference Link
November 22, 2015
18:46 EDTGMUAW union ratifies General Motors agreement
The United Auto Workers announced that its international executive board has formally ratified the national labor agreement with General Motors. The union explained that, after its proposed agreement with GM was blocked by the union's skilled trades members, it held meetings with those members and subsequently presented their concerns to both union leadership and GM itself. Following those discussions, the parties agreed to changes that "protect core trades classifications and seniority rights," according to UAW. Reference Link
18:32 EDTFUAW union members ratify Ford agreement
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16:53 EDTVLKAYVolkswagen denies report of low sales, Reuters says
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November 20, 2015
13:17 EDTVLKAYVolkswagen close to securing EUR20B bridge loan, WSJ says
Volkswagen AG is close to approaching 13 international banks for its planned EUR20B bridge loan with the goal of restoring confidence in its creditworthiness, the Wall Street Journal reports, citing people familiar with the matter. The 12-month bridge loan should be finalized by the end of next week, the people noted, adding that banks would take credit portions of between EUR1.5B-EUR2.5B. Reference Link
08:21 EDTVLKAYVolkswagen cuts $1.1B from 2016 investment plan, Reuters reports
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06:04 EDTVLKAYReport: Volkswagen diesel recall to cost less than expected, Reuters says
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November 19, 2015
18:18 EDTVLKAYU.S. to investigate Bosch's role in Volkswagen emission scandal, Reuters says
U.S. authorities are conducting a probe into German auto supplier Bosch's role in Volkswagen AG's emission scandal, Reuters reports, citing people familiar with the matter. Reference Link
12:51 EDTVLKAYVolkswagen to reduce capex amid weakening of labor unions, Reuters says
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10:49 EDTVLKAYVW granted extra time to give full CO2 information to EU, WSJ says
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09:03 EDTVLKAYVolkswagen to suspend five-year plan practice due to scandal, Bloomberg says
Volkswagen may abandon its practice of setting a rolling five-year investment budget in response to the emissions-cheating scandal, said Bloomberg, citing people close to the company's supervisory board. That board, when it meets Friday, will discuss investment cuts as well as possibly shortening its spending plan to three years or less for added flexibility amid the scandal fallout, the report said. Reference Link
08:32 EDTFFord to hold a discussion
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07:55 EDTGMGM's Reuss: Company 'deeply committed' to EVs, FT says
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07:30 EDTANUBS to hold a conference
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06:35 EDTVLKAYVW U.S. plant workers to vote over UAW inclusion, Reuters says
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06:29 EDTVLKAYAudi U.S. president: VW scandal won't diminish Audi sales in U.S., AP reports
Audi (AUDVF) U.S. sales will be largely unaffected by Volkswagen's (VLKAY) emissions cheating scandal, the Associated Press reports, citing comments from Audi of america president Scott Keogh. "We'll have a record November and a record December," Keogh said. Reference Link
06:23 EDTVLKAYVW to give details of emissions scandal in meetings with regulators, WSJ says
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