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Stock Market & Financial Investment News

News Breaks
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
News For VLKAY From The Last 14 Days
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September 26, 2014
08:03 EDTVLKAYVolkswagen recalls 2013 Audi Q7s due to engine valve defect
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September 25, 2014
12:42 EDTVLKAYFord executive sees 2015 U.S. auto sales between 16.8M-17.5M
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September 24, 2014
07:10 EDTVLKAYVolkswagen experiencing labor, root problems in Wolfsburg plant, Reuters says
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September 23, 2014
08:24 EDTVLKAYBorgWarner providing friction technology for Volkswagen's DQ 400e transmission
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September 22, 2014
06:36 EDTVLKAYVolkswagen aims for increased margins with China-only car, Reuters says
Volkswagen (VLKAY) is poised to initiate a new luxury sedan intended only for its consumers in China next year in an effort to increase its margins, according to Reuters, citing two people with knowledge of the plan. The launch could position the automaker to be in a direct rivalry with its Audi (AUDVF) brand. Reference Link
September 18, 2014
06:35 EDTVLKAYUAW plans to again negotiate for Volkswagen plant workers in Tennessee, WSJ says
The United Auto Workers union plays to again negotiate for some manufacturing workers at Volkswagen's (VLKAY) Tennessee auto assembly although it was rejected in a February organizing vote, reports the Wall Street Journal. The labor union said roughly 750 workers have joined the recently formed union local in Chattanooga, Tennessee. Reference Link
September 17, 2014
07:37 EDTVLKAYEU car registrations up 2.1% in August, up 5.6% in July
The European Automobile Manufacturers Association reported new passenger car registrations were up by 5.6% in July and by 2.1% in August. Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year, the group noted. Publicly traded automakers include Fiat (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
September 16, 2014
07:08 EDTVLKAYToyota Lexus unit questioned regarding parts pricing, Reuters says
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06:30 EDTVLKAYNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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