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Stock Market & Financial Investment News

News Breaks
April 28, 2013
18:12 EDTVLKAYVolkswagen CEO says committed to European plants, Reuters says
Volkswagen CEO Martin Winterkorn said in an interview with Austrian broadcaster ORF that despite weak European markets, the car company will keep its European plants, reports Reuters. Volkswagen may initiate flexible manufacturing and cuts to temporary staff in those European plants, added Reuters. Reference Link
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July 5, 2015
18:59 EDTVLKAYFiat Chrysler CEO says case for conslidation 'remains valid,' Reuters reports
In a Reuters interview at the sidelines of a Fiat event, Fiat Chrysler (FCAU) CEO Sergio Marchionne said there haven't been any major developments in the company's pursuit of a combination with General Motors (GM), but noted that the case for consolidation "remains valid -- no on has questioned it's economic rationale." Marchionne added that it is too early to say whether the dispute between Volkswagen (VLKAY) and Suzuki (SZKMF) could lead to opportunities for his company. Reference Link
13:58 EDTVLKAYSome European stocks still look appealing amid Greek uncertainty, Barron's says
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July 2, 2015
05:36 EDTVLKAYVolkswagen said robot kills man at Germany plant, AP reports
Volkswagen said a robot has killed a contractor at one of its production plants in Germany, reports the Associated Press. A company spokesman said initial conclusions indicate that human error was to blame. Reference Link
July 1, 2015
11:09 EDTVLKAYVolkswagen of America reports June sales up 5.6% to 30,436 units
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June 28, 2015
16:34 EDTVLKAYVolkswagen plans Chinese budget-car lineup for 2018, Reuters says
Volkswagen CEO Martin Winterkorn said the company "will bring a budget-car family to [the Chinese] market in 2018, with an SUV, saloon and hatchback," reports Reuters, citing an interview with German newspaper Bild am Sonntag. Winterkorn noted that the vehicles will be built in China and will launch at a price point between EUR8000 and EUR11000, adding that Volkswagen "will see if this is something of interest for other markets as well." Reference Link
June 26, 2015
07:25 EDTVLKAYSuzuki says arbitration proceedings of VW dispute are over, Bloomberg says
Suzuki Motor Corp (SZKMF) said that arbitration proceedings to end a dispute with Volkswagen (VLKAY) over a failed partnership have ended, Bloomberg reports. The two automakers are waiting for the arbitrator's ruling on Suzuki’s effort to force VW to sell back a 19.9% stake, the report says, citing comments from Suzuki president Osamu Suzuki to investors. “We are embarrassed by the fact that the arbitration took such a long time, but we will disclose the conclusion as soon as it comes out,” the Suzuki president said at the annual shareholders meeting, according to Bloomberg. Reference Link
June 25, 2015
10:01 EDTVLKAYTrueCar Tprjects retail auto sales to consumers up 7.9% in June
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