New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
April 27, 2015
06:41 EDTVLKAYVolkswagen chairman ousted for trying to replace CEO, Reuters says
Subscribe for More Information
April 26, 2015
16:25 EDTVLKAYVolkswagen chairman Ferdinand PiŽch resigns
In a press release Saturday, the board of Volkswagen announced it has unanimously determined that, in view of the background of the last weeks, the mutual trust necessary for successful cooperation [among company leadership] no longer exists. For this reason, Ferdinand PiŽch has resigned with immediate effect from his position as chairman and from all his mandates. The position of chairman will be temporarily assumed by deputy chairman Berthold Huber. Huber will chair the annual general meeting on May 5. "The representatives of shareholders and employees will in close cooperation determine the candidate for the new chairman," said the company.
April 23, 2015
19:49 EDTVLKAYAudi plans five additional models for India, Economic Times says
In an interview with the Economic Times, Volkswagen's (VLKAY) Audi India brand director Joe King said the company plans to launch five new models in India within the next five months. "We see huge potential to grow in the Indian market... The GDP is likely to improve as the fundamentals of the Indian economy are strong and softening interest rate will propel demand for the luxury cars," said King. The Economic Times notes that Daimler's (DDAIF) Mercedes-Benz also aims to ramp up efforts in the region. Reference Link
14:41 EDTVLKAYVolkswagen chairman not pushing for CEO removal, Reuters says
Subscribe for More Information
07:42 EDTVLKAYVolkswagen chairman wants to oust CEO ahead of annual meeting, Reuters says
Ferdinand Piech, the chairman of Volkswagen, will seek to oust the company's CEO, Martin Winterkorn, ahead of the annual shareholder meeting on May 5, Reuters reports, citing German broadcasting network NDR. According to the report, Piech is seeking the support within the Porsche and Piech families in his efforts to replace Winterkorn, and "doesn't feel tied" by the April 17 decision of supervisory board members to back Winterkorn. Reference Link
06:58 EDTVLKAYVolkswagen to get $407M in financing from Canada, Reuters says
Subscribe for More Information
April 21, 2015
14:02 EDTTMToyota looking to increase China production, Bloomberg says
Subscribe for More Information
April 20, 2015
08:12 EDTVLKAYMarathon Patent Group announces results of Signal IP Markman ruling
Marathon Patent Group (MARA) announced that on April 17, the United States District Court Central District of California issued the claim construction order in the litigation involving its wholly-owned subsidiary Signal IP and American Honda Motor Co. (HMC), Nissan North America (NSANY), Porsche Cars of North America, Mazda Motor of America, Mercedes-Benz USA (DDAIF), BMW of North America, Subaru of America, Kia Motors America, Mitsubishi Motors North America, Volkswagen (VLKAY), and Jaguar Land Rover North America. A total of 36 claim terms from a total of seven patents were disputed between Signal IP and the defendants.
07:55 EDTTMToyota Motor North America awards SAIC contract
Subscribe for More Information
06:36 EDTVLKAYVolkswagen chairman severely weakened after confrontation, Reuters says
Volkswagen Chairman Ferdinand Piech had a "full-blown confrontation" with the other five members of the company's board over whether to retain the company's CEO, Martin Winterkorn, whose performance the chairman had criticized over the previous five months, according to Reuters. Piech backed down and agreed to back Winterkorn, but his efforts to oust the CEO has produced resentment against the chairman and severely weakened Piech's influence over the company, the news service stated. Reference Link
April 19, 2015
18:45 EDTVLKAYVolkswagen plans to develop budget SUVs for China, Reuters says
Subscribe for More Information
13:56 EDTTMToyota to launch two hybrid cars in China in 2015, Reuters says
On the eve of the Shanghai autoshow, Toyota has announced plans to introduce two hybrid cars in China in 2015, says Reuters. The cars, both gasoline-electric hybrid cars, will be called Levin Hev and Corolla will be launched in China in the second half of the year, added Reuters. Reference Link
13:06 EDTVLKAYVolkswagen shareholders look to calm leadership turmoil, WSJ says
Subscribe for More Information
April 17, 2015
06:53 EDTVLKAYVolkswagen CEO to stay in position despite fallout with chairman, Reuters says
Subscribe for More Information
April 16, 2015
06:02 EDTVLKAYVolkswagen's supervisory board to meet to resolve leadership dispute, WSJ says
Subscribe for More Information
April 15, 2015
11:21 EDTTMMobileye rises after Morgan Stanley, Deutsche Bank hike price targets
Subscribe for More Information
09:08 EDTTMToyota to realign North American manufacturing operations
As reported, Toyota plans to invest in a new plant will be built in Guanajuato, Mexico, to support improved competitiveness in North America. The plant will produce Corolla taking into consideration forecasted steady, mid and long-term growth in North America. Building this plant will be one of Toyota's efforts to realign its North American manufacturing operations and begin a new approach to plant building; featuring new work processes, including Toyota New Global Architecture production engineering innovations, and will be a model for global manufacturing. To more efficiently supply high-quality and attractive vehicles, Toyota will continue regional consolidation of North American production based on vehicle body type and size. In 2019, production of the Corolla will be shifted from the plant in Cambridge Ontario, Canada to the newly opened plant in Mexico and the plant in Blue Springs, Mississippi will continue to produce the Corolla; consolidating compact vehicle production to the Southern U.S. and Mexico. TMMC will then focus its production on mid-sized vehicles of higher value, along with Toyota Motor Manufacturing, Kentucky and Toyota Motor Manufacturing, Indiana.
09:06 EDTTMToyota to build new plant in Mexico, expand Chinese joint venture
Toyota announced that it will build a new plant in Mexico and expand its joint venture, Guangzhou Toyota Motor Co., in China. These investments are grounded on its plans to construct production lines that are more competitive, with greatly reduced initial investment, improved efficiency, flexibility, environmental performance and safety, the company said. The new plant in Mexico and the expansion in China will be designed to accelerate innovation by implementing new technologies into real production lines. These "simple and slim" production lines can be easily lengthened or shortened depending on demand, with over-head conveyance devices eliminated, compact equipment installed on top of the plant floors, and paint-booths that are smaller. Toyota had previously suspended construction of new plants in order to improve capacity utilization of existing plants and plan for reduced model change-over and new plant construction investment. Currently, total capacity utilization is more than 90% and the initial portion of new simple and slim plant costs, including structure and equipment, is expected to be approximately 40% lower when compared to 2008. Production at the new plant in Mexico is scheduled to start in 2019 and the investment will be approximately $1B. Production at the new plant in China is to start as needed after completion of new line 3 in 2017 and Toyota plans to invest about Y52.5B.
April 14, 2015
12:23 EDTTMFord likely to announce $2.5B investment in Mexico this week, Reuters reports
Subscribe for More Information
06:23 EDTTMToyota to spend $1B to build factory in Mexico, Reuters reports
According to two sources, Toyota will announce plans on Wednesday to invest $1B to build a car factory in Mexico, Reuters reports. The factory, which would be in Guanajuato, is expected to produce about 200,000 cars per year and create about 2,400 direct jobs, one source says. Reuters previously reported that the factory would produce the Corolla car starting in the summer of 2019. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use