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Stock Market & Financial Investment News

News Breaks
June 3, 2014
06:22 EDTVLKAY, TMVW mulls tripling SUV lineup to beat Toyota, Bloomberg says
Volkswagen (VLKAY) is mulling tripling the namesake VW brandís sport-utility vehicle lineup in an effort to surpass Toyota (TM) in worldwide deliveries, according to Bloomberg, citing two people familiar with the matter. The sources said the VW marque will offer as many as six SUVs in the future. Reference Link
News For VLKAY;TM From The Last 14 Days
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May 28, 2015
08:19 EDTVLKAY, TMTakata attitude shifting, compromise sought, Reuters says
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05:03 EDTVLKAYSKF AB to supply wheel hub and MacPherson suspension units to Volkswagen
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May 27, 2015
08:40 EDTVLKAYMarathon Patent Group announces ruling in Signal IP
Marathon Patent Group (MARA) announced that on May 26, the company's subsidiary Signal IP, received a favorable ruling in the matter of Signal IP, Inc. v. Volkswagen Group of America, et al., case number CV14-3113 JAK. The District Court of The Central District of California issued an order denying the motion to stay pending reexamination submitted by defendants Volkswagen Group of America (VLKAY), and Bentley Motors. In its conclusion, the Court ruled, "For the foregoing reasons, when all the relevant factors are considered, there is not a sufficient basis to enter the requested stay. Therefore, the motion is DENIED." The aforementioned Defendants filed a motion to stay pending reexamination of three of Signal's Patents on March 13. A hearing was held on May 21, at the conclusion of which the Motion was taken under submission. On May 26, the Motion was DENIED.
May 22, 2015
08:57 EDTVLKAYNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTVLKAYGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 20, 2015
06:00 EDTTMTakata to widen airbag recall to nearly 34M, enters Consent Order
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May 19, 2015
13:20 EDTTMTakata expected to recall 33.8M vehicles, Detroit News reports
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07:36 EDTTM, VLKAYAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
09:54 EDTVLKAY, TMNHTSA looks to accelerate V2V rollout by automakers, Motor Authority says
Automakers have been notified that initial proposals for the implementation of vehicle-to-vehicle technology will be outlined by before January 1, 2016, which would be a full year ahead of schedule, according to Motor Authority. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Mobileye (MBLY) makes chips utilized in advanced driver assistance systems. Reference Link
06:26 EDTTMStudy shows Toyota and Honda leads in best supplier relations, Reuters says
A new study revealed that Toyota (TM) and Honda (HMC) led automakers with U.S. plants in supplier relations, reports Reuters. According to the study led by Planning Perspectives President John Henke, Toyota led Honda while Ford (F) was a distant third and Nissan (NSANY) came in fourth. General Motors (GM) and Fiat Chrysler (FCAU) were last on the list. Reference Link
May 17, 2015
16:18 EDTTMJapanese carmakers delay Takata restructuring until post-recall, Reuters says
Japanese automakers including Honda (HMC), Nissan (NSANY), and Toyota (TM) are delaying pressure for a restructuring at Takata (TKTDY) until the company ships out a healthy supply of replacement parts, reports Reuters, citing Masaki Higurashi, deputy director of the Japanese trade ministry's auto division. "After all the replacement parts are supplied, the automakers have to decide whether to let Takata stay on as it is... I think the automakers are starting to think about that," added Higurashi. Reuters notes that Takata and the carmakers disagree on whether the most recent round of airbag recalls are necessary, and as a result have not reached an agreement on costs. Reference Link

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