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Stock Market & Financial Investment News

News For VLKAY;FIATY From The Last 14 Days
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July 5, 2015
13:58 EDTVLKAYSome European stocks still look appealing amid Greek uncertainty, Barron's says
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July 2, 2015
05:36 EDTVLKAYVolkswagen said robot kills man at Germany plant, AP reports
Volkswagen said a robot has killed a contractor at one of its production plants in Germany, reports the Associated Press. A company spokesman said initial conclusions indicate that human error was to blame. Reference Link
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 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

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