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Stock Market & Financial Investment News

News For VLKAY From The Last 14 Days
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September 3, 2015
18:34 EDTVLKAYVolkswagen supports nomination of CFO Potsch for chairman
The executive and nomination committees of the Volkswagen (VLKAY) board decided in a meeting Thursday to support the proposal made by the Porsche (POAHY) board that Hans Dieter Potsch be elected to the Volkswagen board at a special meeting in November this year. "We are confident that Potsch is the right candidate for the position of chairman," said deputy chairman Berthold Huber. The board of Porsche will adopt a resolution regarding the proposal that Potsch be elected, and Volkswagen will determine the exact date of the special meeting as soon as that formal resolution is received. The executive and nomination committees also decided Thursday to propose that Louise Kiesling also be elected to the board by the extraordinary general meeting. Volkswagen's board also commented that it will decide on a successor for Potsch in regards to his CFO duties "without delay," saying it will "begin deliberations on a possible successor immediately." Reference Link
September 2, 2015
07:58 EDTVLKAYVolkswagen China estimates lowered at Bernstein
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06:17 EDTVLKAYVolkswagen extends CEO Martin Winterkorn's contract
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September 1, 2015
14:55 EDTVLKAYAutodata says U.S. auto sales rate comes in at 17.8M SAAR, CNBC reports
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11:15 EDTVLKAYVolkswagen reports August U.S. sales down 8.1% to 32,332 units
August 31, 2015
17:41 EDTVLKAYTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
August 30, 2015
19:19 EDTVLKAYVolkswagen ordered to divest Suzuki shares as failed partnership reaches end
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August 27, 2015
08:16 EDTVLKAYVolkswagen plans to invest roughly $340M in South Africa, Bloomberg reports
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August 26, 2015
18:40 EDTVLKAYVolkswagen may export Russian vehicles amid low demand, Reuters says
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16:26 EDTVLKAYMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTVLKAYTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTVLKAYTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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09:04 EDTVLKAYVolkswagen's petition against Marathon Patent Group denied by USPTO
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08:50 EDTVLKAYVolkswagen's petition against Marathon Patent Group denied by USPTO
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August 25, 2015
14:27 EDTVLKAYVolkswagen delivers 792K vehicles in July
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August 23, 2015
18:23 EDTVLKAYGM, Volkswagen slow production at Chinese factories, WSJ says
Auto manufacturers including General Motors (GM) and Volkswagen (VLKAY) appear to be running their Chinese factories at less than maximum capacity for the first time, reports the Wall Street Journal, citing industry data. The numbers suggest that a "bumpier ride" may be in store for multinationals that counted on Chinese demand, said the report. "The situation seems worse than that of 2008," remarked an engineer working at GM's Shanghai plant. Reference Link

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