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Stock Market & Financial Investment News

News Breaks
April 2, 2014
05:53 EDTVLKAY, TMVolkswagen may set up first car plant in Thailand, Bloomberg reports
According to sources, Volkswagen (VLKAY) is considering setting up its first car factory in Thailand, Bloomberg reports. The automaker is said to be looking to participate in a government program that offers tax exemptions from automakers who invest at least $200M in local manufacturing. The company would compete with Toyota (TM) in the region. Reference Link
News For VLKAY;TM From The Last 14 Days
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July 29, 2014
07:51 EDTTMToyota urged to recall Camry Hybrid by Consumer Reports
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July 28, 2014
06:43 EDTVLKAYAudi decreases spare-part costs in China amid investigation, Reuters says
Volkswagen's (VLKAY) premium brand Audi (AUDVF) said it plans to reduce spare-part costs in China as worldwide carmakers rush to amend their pricing goals after the National Development and Reform Commission in China started investigating the vehicle industry, according to Reuters, citing comments in an emailed statement from Audi. The NDRC is looking into the industry amid domestic media allegations that foreign car companies, using a monopolistic market position, are charging Chinese clients too much on products and extra parts. Reference Link
06:04 EDTTMNHTSA closes Toyota Prius defect petition review
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July 23, 2014
07:25 EDTVLKAYVW head addresses German employees regarding cost reductions, Reuters says
Volkswagen CEO Martin Winterkorn is planning to address workers at the car maker's largest facility in Germany as he aims to win their support for cost reductions at the firm's core VW brand, according to Reuters, citing two company sources. Winterkorn is aiming to reduce costs by $6.74B each year to streamline work processes at all levels of the brand. Reference Link
07:20 EDTVLKAYFiat head says VW tie-up never an option, Reuters says
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July 18, 2014
18:21 EDTTMToyota to launch pricier compact in India, Nikkei reports
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15:23 EDTTMJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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July 17, 2014
07:50 EDTVLKAYBiggest Fiat stakeholder denies possible VW acquisition, Bloomberg says
Fiat's (FIATY) largest stakeholder, the Agnelli family, said that there were no talks regarding a merger between the Italian car manufacturer and Volkswagen (VLKAY), according to Bloomberg, citing a spokesman for Exor, the Agnelli family's investment firm. Exor owns 30% of Fiatís shares and was responding to a report by Germanyís Manager Magazin. Reference Link
06:44 EDTVLKAYReport says VW in talks to buy Fiat, Reuters says
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July 15, 2014
09:14 EDTVLKAYVW CEO aiming for $6.8B in savings to boost profitability, Bloomberg says
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07:57 EDTVLKAYVolkswagen says new midsize SUV to be produced in Chattanooga, TN
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06:27 EDTVLKAY, TMAutomakers backing U.S.-EU trade deal, NY Times reports
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