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Stock Market & Financial Investment News

News Breaks
April 23, 2014
06:50 EDTVLKAYVW up against rising Scania offer opposition from Alecta, Bloomberg says
Volkswagen is up against increasing opposition to its $9.3B offer for the rest of heavy-truck manufacturer Scania after the company's third-largest shareholder, Sweden's Alecta, rejected the bid, according to Bloomberg, citing comments on the Swedish shareholder's website. 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

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