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January 10, 2014
07:50 EDTVLKAY, GMVolkswagen sales in China top GM In 2013, WSJ reports
For the first time in a decade, last year Volkswagen (VLKAY) took back the title as the top foreign auto maker in China, passing GM (GM) as the German auto maker rode a preference for luxury cars, reports the Wall Street Journal. Volkswagen sales in the world's largest auto market were over 3.19M units for the year, the government-backed China Association of Automobile Manufacturers reported. Reference Link
News For VLKAY;GM From The Last 14 Days
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November 24, 2015
06:56 EDTVLKAYGerman prosecutors investigate VW for tax evasion, Reuters says
German public prosecutors are launching a probe into alleged tax evasion in connection with the emissions cheating scandal surrounding Volkswagen, Reuters reports, citing a joint report from daily paper Sueddeutsche Zeitung and broadcasters NDR and WDR. The probe centers around five Volkswagen employees and concerns several million euros of evaded tax payments connected to the the rigging of CO2 emissions, the report says. Reference Link
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
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
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
07:55 EDTGMGM's Reuss: Company 'deeply committed' to EVs, FT says
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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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06:15 EDTVLKAYVW says 120,000 diesel owners in U.S. will receive gift cards, Reuters says
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November 18, 2015
20:04 EDTVLKAYVolkswagen appoints Porsche's Steiner as compliance commissioner
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09:32 EDTGMThe House Oversight & Government Reform Committee to hold a hearing
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07:57 EDTGMBarclays to hold a conference
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