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Stock Market & Financial Investment News

News Breaks
January 2, 2013
10:37 EDTVLKAY, FIATY, PEUGY, VOLVYEuropean vehicle sector to be challenged by China in 2013, FT says
The European auto sector faces headwinds in 2013, as China is poised to manufacture more cars than Europe for the first time, says the Financial Times. Reference Link
News For VLKAY;PEUGY;FIATY;VOLVY From The Last 14 Days
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July 1, 2015
11:09 EDTVLKAYVolkswagen of America reports June sales up 5.6% to 30,436 units
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June 28, 2015
16:34 EDTVLKAYVolkswagen plans Chinese budget-car lineup for 2018, Reuters says
Volkswagen CEO Martin Winterkorn said the company "will bring a budget-car family to [the Chinese] market in 2018, with an SUV, saloon and hatchback," reports Reuters, citing an interview with German newspaper Bild am Sonntag. Winterkorn noted that the vehicles will be built in China and will launch at a price point between EUR8000 and EUR11000, adding that Volkswagen "will see if this is something of interest for other markets as well." Reference Link
June 26, 2015
07:25 EDTVLKAYSuzuki says arbitration proceedings of VW dispute are over, Bloomberg says
Suzuki Motor Corp (SZKMF) said that arbitration proceedings to end a dispute with Volkswagen (VLKAY) over a failed partnership have ended, Bloomberg reports. The two automakers are waiting for the arbitrator's ruling on Suzuki’s effort to force VW to sell back a 19.9% stake, the report says, citing comments from Suzuki president Osamu Suzuki to investors. “We are embarrassed by the fact that the arbitration took such a long time, but we will disclose the conclusion as soon as it comes out,” the Suzuki president said at the annual shareholders meeting, according to Bloomberg. Reference Link
June 25, 2015
10:01 EDTVLKAYTrueCar Tprjects retail auto sales to consumers up 7.9% in June
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June 24, 2015
10:00 EDTVOLVYOn The Fly: Analyst Upgrade Summary
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05:26 EDTVOLVYVolvo upgraded to Buy from Neutral at Goldman
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June 21, 2015
17:34 EDTVLKAYVolkswagen U.S. chief sees limited growth in near-term, Reuters says
In a Reuters interview at the company's U.S. headquarters, Volkswagen Group of America CEO Michael Horn remarked that the company sees "limited growth" in the U.S. over the next two years. Horn added that the company is planning a quicker pace for its SUV releases. Regarding the company's touted sales target of 800,000 annual vehicle sales by 2018, Horn said the 2018 goal "is still a relevant objective... But on the other hand, if you just focus on one year and one number you would do crazy things, so the most important thing is to have a long-term strategy." Reference Link
15:17 EDTVLKAYGestamp plans Tennessee plant to supply Volkswagen, WSJ says
Gestamp plans to open a pressing plant in Chattanooga, Tennessee to supply Volkswagen, reports the Wall Street Journal, citing people familiar with the situation. The report notes that Gestamp will create 500 new jobs at the facility, which will help produce Volkswagen's CrossBlue midsize SUV. Reference Link
June 19, 2015
10:50 EDTVLKAYEPA proposes new rules for medium- and heavy-duty truck emissions
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06:58 EDTVLKAYVolkswagen’s Diess expected to cut costs, boost profit, WSJ reports
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June 18, 2015
05:25 EDTVOLVYVolvo reports May truck deliveries flat with last year at 17,475 trucks
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June 17, 2015
18:39 EDTVLKAYNokia looks to German carmakers as it seeks $4B for map unit, Bloomberg says
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13:05 EDTVLKAYJ.D. Power: Japanese auto brands struggle to keep up with pace of improvement
With a significant year-over-year improvement, Korean brands continue to widen the quality gap with other automakers, while Japanese makes collectively fall below industry average for the first time in 29 years, according to the J.D. Power 2015 U.S. Initial Quality StudySM released today. Korean brands lead the industry in initial quality by the widest margin ever, averaging 90 PP100, which is an 11 PP100 improvement from 2014. For the first time in the study, European brands surpass Japanese brands, while domestic makes equal the Japanese for only a second time. Porsche (POAHY) ranks highest in initial quality for a third consecutive year, posting a score of 80 PP100. With a 20 PP100 improvement from 2014, Kia follows Porsche in the rankings at 86 PP100. This marks the first time in the history of the study that Kia has led all non-premium makes in initial quality. Jaguar (TTM), Hyundai (HYMLF) and Infiniti (NSANY) round out the top five nameplates. Infiniti is one of the most improved brands in the study, lowering its problem score by 31 PP100 from 2014. Reference Link
10:54 EDTVLKAYVolkswagen looks to decentralize corporate structure, Reuters says
The CEO of Volkswagen Martin Winterkorn alerted employees of an imminent reorganization, says Reuters. The company is looking to decentralize the corporate structure into four holding companies in an effort to improve profits, added Reuters, citing sources. Reference Link

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