New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
06:57 EDTTM, VLKAYVolkswagen poised to overtake Toyota in vehicle sales, Reuters says
Volkswagen's (VLKAY) rapid growth in China leaves it well-positioned to overtake Toyota (TM) as the world's leader in vehicle sales, according to Reuters. Volkswagen's sales for the first half of the year could eclipse those of Toyota, the news service stated. 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.
1 | 2 | 3 >>
October 4, 2015
16:30 EDTVLKAYSkandia places $2.2M Volkswagen stake under review, Bloomberg reports
Volkswagen shareholder Skandia Fonder is reevaluating its roughly $2.2M stake in the company following the German carmaker's emissions scandal, reports Bloomberg, citing spokesperson statements. If the ongoing scandal presents an opportunity to invest in Volkswagen's recently-acquired Scania, Skandia could choose to do so, the spokesperson added. Reference Link
16:16 EDTVLKAYVolkswagen to hold extraordinary meeting on Wednesday, Reuters says
Subscribe for More Information
October 2, 2015
08:45 EDTVLKAYGerman government to shield VW owners from recall costs, Bloomberg says
German Chancellor Angela Merkel's administration wants defend Volkswagen car owners from any costs related to the recall of diesel cars amid the emissions test scandal, Bloomberg reports, citing a document from the Transportation Ministry obtained by Bloomberg. The Ministry "expects that these measures don't result in additional burdens on car owners" and that the car maker should compensate auto owners "as appropriate," the document says. Reference Link
07:34 EDTTMToyota recalling 423,456 2009-2012 RAV4 vehicles
Toyota Motor Engineering & Manufacturing is recalling 423,456 model year 2009-2012 RAV4 vehicles manufactured October 27, 2008, to December 19, 2012 and 2012-2014 RAV4 EV vehicles manufactured July 24, 2012, to August 29, 2014. In the affected vehicles, water may drip onto the joint the connects the wiper linkage to the wiper motor. Over time, the dripping water may cause corrosion and wear at the joint, potentially resulting in the separation of the wiper linkage. Once this occurs, the wipers would not function, reducing driver visibility and increasing the risk of a crash.
06:48 EDTVLKAYVolkswagen: Emissions scandal probe to take 'several months,' Reuters says
Volkswagen said it will take longer than expected to look over its rigging of vehicle emissions tests, meaning months of uncertainty for customers, shareholders, and staff, Reuters reports. After a seven-hour meeting, the company's board said it would take "at least several months" to finalize the probe, including an external inquiry by law firm Jones Day, the report says. The company proposed a cancellation of its November 9 shareholder meeting as a result, the report says. Reference Link
06:26 EDTVLKAYEPA stretches VW diesel probe to other U.S. companies, FT reports
Subscribe for More Information
October 1, 2015
19:32 EDTVLKAYVolkswagen Canada offering 'unprecedented' incentives, Globe and Mail says
Subscribe for More Information
11:17 EDTVLKAYVolkswagen reports September U.S. sales up 0.56% to 26,141 units
Subscribe for More Information
11:14 EDTTMToyota reports September U.S. sales up 16.2% to 194,370 units
Subscribe for More Information
11:09 EDTTMToyota reports September U.S. sales up 16.2%, Bloomberg says
Subscribe for More Information
10:43 EDTVLKAYVolkswagen executive committee recommends that EGM be postponed
Subscribe for More Information
10:36 EDTVLKAYFord says Volkswagen scandal 'a non-issue' for its dealers
Subscribe for More Information
06:49 EDTVLKAYVolkswagen eyes cost cuts, cash flow boost amid scandal, Reuters says
Subscribe for More Information
05:56 EDTVLKAY, TMTrueCar boosts 2015 U.S. sales forecast to 17.4M from 17.2M
TrueCar (TRUE) raised its 2015 annual forecast by 200,000 units to 17.4 million as sales growth in the remaining months of 2015 is poised to remain vigorous. New auto sales in September, aided by a later-than-usual Labor Day, should expand by 12.6 percent from a year ago, while the Seasonally Adjusted Annual Rate should reach 17.7 million units. That strength underpins TrueCar's revised full-year industry forecast of 17.4 million units, the highest volume since 2000. Retail share of the total industry likely expanded a full point in September versus last year, indicating busier-than-average showrooms. Confident consumers are expected to push new vehicle revenue to a record $45 billion for the month, up 13.2 percent versus the same period last year. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Daimler (DDAIF) and Volkswagen (VLKAY). TrueCar EVP Larry Dominique commented, "Volkswagen's stop sell of diesel vehicles in the U.S. causes a noticeable hit to its September revenue, with a 7.7 percent decline. We expect sales to dip by at least by 5 percent and incentives to increase by $235 per unit, which will be essential to push non-impacted models off the lots."
September 30, 2015
19:27 EDTVLKAYEuropean carmakers use stripped-down vehicles for certification, WSJ says
European car certification tests rely on "golden vehicles," stripped down models with oftentimes sparse resemblance to their real-world counterparts, reports the Wall Street Journal. One anonymous auto executive disclosed that automakers in the region never use random vehicles drawn from assembly lines, remarking, "It's like preparing for a major race. We tune them and pamper them like stud horses." Companies in the space include Volkswagen (VLKAY), BMW (BAMXY), Daimler (DDAIF), Peugeot (PUGOY), and Fiat Chrysler (FCAU). Reference Link
18:08 EDTVLKAYVolkswagen appoints Hans-Gerd Bode as Head of Group Communications
Subscribe for More Information
18:04 EDTVLKAYPorsche appoints Blume as CEO
Subscribe for More Information
08:57 EDTVLKAYMarathon Patent Group announces USPTO denies Volkswagen petition for IPR
Subscribe for More Information
07:55 EDTVLKAYVW CEO to discuss diesel investigation with board, Bloomberg says
Volkswagen CEO Matthias Mueller will brief board leaders on the findings of its internal investigation of cheating on emissions tests, Bloomberg reports. Mueller will address the investigation at a closed-door meeting, the report says, citing people familiar with the matter. Reference Link
06:46 EDTVLKAYVolkswagen might not face criminal charges for emissions scandal, WSJ says
Volkswagen might not face environmental crime charges for admitting using test-evading software in as many as 11M cars worldwide, the Wall Street Journal reports, citing legal experts. If the Department of Justice decides to pursue a criminal case, it would be the first ever against a car maker for evading emissions standards, the report says. Car companies won a carve-out from criminal penalties in the 1970 Clean Air Act, making prosecutors consider alternative legal approaches, the report says. Reference Link
1 | 2 | 3 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use