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Stock Market & Financial Investment News

News Breaks
March 11, 2014
06:59 EDTVLKAYVW close to decision to make SUV at Skoda or Seat plant, Reuters says
Volkswagen is close to deciding on whether to make a new sport-utility vehicle for its mass-market brands Skoda and Seat at a plant in the Czech Republic or Spain, according to Reuters, citing comments from a Skoda union leader in Czech newspaper Mlada Fronta Dnes. The Skoda union official said no decision had been made but they are planning to meet with VW CEO Martin Winterkorn on Friday. Reference Link
News For VLKAY From The Last 14 Days
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March 23, 2015
07:37 EDTVLKAYVolkswagen to cut at least 150 workers at Russian plant, Reuters reports
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March 20, 2015
05:57 EDTVLKAYLand Rover recalls 36K SUVs following CCTV report, Financial Times says
Tata Motors' (TTM) Jaguar Land Rover is recalling more than 36K SUVs in China, reports the Financial Times. The recall comes after CCTV singled out Jaguar Land Rover of faliing to respond to customer complaints about faulty gearboxes. CCTV's report also accused Nissan (NSANY), Volkswagen (VLKAY), and Mercedes-Benz's China joint ventures on alleged overcharging by service outlets. Reference Link
March 19, 2015
10:20 EDTVLKAYReport: Volvo may oust CEO Olof Persson in next 1-2 weeks, Reuters says
Volvo (VOLVY) may oust CEO Olof Persson as the automaker faces lower profit, reports Reuters, citing a Swedish business daily Dagens Industri report. According to unnamed sources, an announcement about the CEO's departure could come within one or two weeks. One likely successor could be Volkswagen's (VLKAY) Scania head Martin Lundstedt. Reference Link
March 17, 2015
09:47 EDTVLKAYVolkswagen management to meet with JPMorgan
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March 15, 2015
17:20 EDTVLKAYVolkswagen, Nissan criticized by China consumer rights show, Reuters says
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March 12, 2015
08:54 EDTVLKAYVolkswagen declines to comment on LeasePlan, Reuters says
Volkswagen finance head Hans Dieter Poetsch declined to comment on the possibility of selling the company's stake in LeasePlan, reports Reuters. A LeasePlan spokeswoman said Wednesday "the company is in takeover talks," and the Wall Street Journal reported Tuesday that that Volkswagen is looking to sell its 50% holding. Reference Link

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