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Stock Market & Financial Investment News

News Breaks
July 1, 2014
10:01 EDTVLKAYVolkswagen reports June U.S. sales down 22% to 28,827 units
News For VLKAY From The Last 14 Days
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August 21, 2014
07:18 EDTVLKAYChina considering new anti-trust rules for auto sector, China Daily says
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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

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