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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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August 1, 2014
10:43 EDTVLKAYVolkswagen reports July U.S. sales down 14.6% to 30,553 units
July 30, 2014
06:57 EDTVLKAYVolkswagen 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
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
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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