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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:02 EDTVLKAYVolkswagen says delivered 2.4M vehicles in Q1
The Volkswagen Group delivered 2.4M vehicles from January to March, an increase of 5.8% from a year ago. Deliveries in the month of March ran at 929,500 units, up 7.6% from a year ago.
News For VLKAY From The Last 14 Days
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August 18, 2014
07:37 EDTVLKAYReport says Russia may bar car imports if new sanctions enacted, Reuters says
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August 15, 2014
13:25 EDTVLKAYU.S. appeals court upholds dismissal of Porsche short squeeze suit, Reuters says
Porsche (POAHY) has convinced a U.S. federal appeals court to uphold the dismissal of a lawsuit that alleged the luxury car manufacturer of fraudulently controlling the market in Volkswagen (VLKAY) shares after they quietly amassed a large position in Volkswagen and created a "massive short squeeze" in October 2008, Reuters reported. The U.S. appeals court said Porsche could not be held responsible under U.S. securities fraud laws because the alleged wrongful conduct, which was brought on by more than 30 hedge funds who held short positions in shares of Volkswagen at the time, took place outside of the U.S., Reuters added. Reference Link
August 13, 2014
13:31 EDTVLKAYAudi up against penalty for monopolistic demeanor in China, Reuters says
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August 9, 2014
15:53 EDTVLKAYVW recalls 151k Tiguans on stalling possibility, WSJ says
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August 8, 2014
10:52 EDTVLKAYVolkswagen recalls 2009 Routans due to ignition defect
The company said that it is recalling 2009 Routan vehicles due to an ignition defect. The key fob should be removed from the key ring. Road conditions or some other jarring event may cause the ignition switch to move out of the run position, turning off the engine. If the ignition key inadvertently moves into the "off" or "accessory" position, the engine will turn off, which will then depower various key safety systems including but not limited to air bags, power steering, and power braking. Loss of functionality of these systems may increase the risk of crash and/or increase the risk of injury in the event of a crash. Volkswagen will notify owners, and dealers will modify the ignition switch, free of charge. The recall is expected to begin in August. Reference Link
August 7, 2014
10:33 EDTVLKAYUnion heads force Volkswagen to cut McKinsey proposals, Reuters says
Volkswagen's cost reduction plan worth $6.68B endured a major downfall after Union heads made management cut detailed proposals created by consultants at McKinsey, according to Reuters, citing sources. The sources said that the cost-reduction strategy itself still stands, however. Reference Link
06:33 EDTVLKAYAnti-trust investigations in China reignite protectionism worries, Reuters says
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August 6, 2014
06:48 EDTVLKAYNDRC penalizes Chrysler, Audi for breaching anti-monopoly rule, Reuters says
The National Development and Reform Commission said that it discovered Fiat's (FIATY) Chrysler in Shanghai and Volkswagen's (VLKAY) Audi (AUDVF) in Hubei to be involved in monopolistic tendencies and said it will punish those car manufactures as well as close to 10 Japanese spare-part makers for breaching the country's anti-monopoly rule, reported Reuters. Reference Link

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