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Stock Market & Financial Investment News

News Breaks
July 11, 2014
06:37 EDTVLKAYUnion creates branch for employees at VW facility, Reuters says
The United Auto Workers announced the creation of a local union in Tennessee for employees at a Chattanooga Volkswagen facility, according to Reuters, citing a statement from UAW president Dennis Williams and a VW spokesman. The spokesman said that there was no contract or other formal deal between the vehicle manufacturer and the union at the moment. Reference Link
News For VLKAY From The Last 14 Days
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April 1, 2015
11:10 EDTVLKAYVolkswagen reports March U.S. sales down 18.2% to 30,025 units
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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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