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Stock Market & Financial Investment News

News Breaks
December 27, 2012
12:05 EDTVLKAYAudi plans to spend $17B through 2016 to expand production, Bloomberg reports
Audi, a Volkwagen (VLKAY) unit, plans to spend $17B through 2016 to develop new cars and expand capacity as it pursues BMW's sales lead, reports Bloomberg. In a statement, Audi budgeted to include funds for expanding production at its factory in Hungary, adding capacity in China and building a new plant in Mexico. Reference Link
News For VLKAY From The Last 14 Days
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December 18, 2014
08:23 EDTVLKAYSeveral automakers halt Russia car sales due to ruble, Bloomberg reports
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December 15, 2014
13:16 EDTVLKAYUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
06:55 EDTVLKAYTakata tightening restrictions on suppliers, Reuters reports
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December 11, 2014
15:56 EDTVLKAYAutomaker lending arms probed by NYDFS, NY Post reports
The New York Department of Financial Services has subpoenaed the financing arms of Ford (F), Honda (HMC), Hyundai, Nissan (NSANY) and Volkswagen (VLKAY), as well as Banco Santander (SAN) and TD Bank (TD), said the New York Post, citing a source familiar with the investigation. Reference Link
December 8, 2014
11:10 EDTVLKAYVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
11:09 EDTVLKAYVolkswagen reports passenger car deliveries up 2% to 5.6M in year-to-November
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