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Stock Market & Financial Investment News

News Breaks
January 26, 2013
14:16 EDTVOLVY, NSANYVolvo in JV with China's Dongfeng Motor Group
Volvo (VOLVY) has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group, DFG, to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles, DFCV, which will include the major part of DFG's medium- and heavy-duty commercial vehicles business. At completion of the transaction, the Volvo Group will become the world's largest manufacturer of heavy-duty trucks.The purchase consideration amounts to RMB5.6B. The goal is to complete the transaction as soon as possible and completion is expected to take place within approximately 12 months from today.The transaction with DFG follows the recent agreement between DFG and Nissan Motors (NSANY), in which DFG purchased the medium- and heavy-duty commercial vehicle operation from the joint venture DFL, owned jointly by DFG and Nissan Motors.
News For VOLVY;NSANY From The Last 14 Days
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October 24, 2014
05:18 EDTVOLVYVolvo reports Q3 EPS SEK 0.74 vs. SEK 0.68 last year
Reports Q3 revenue SEK 67.2B vs. SEK 64.9B last year. Volvo CEO Olof Persson stated, “The activities within the Strategic Program 2013-2015 are being implemented as planned. We have identified additional opportunities to reduce our structural cost level and we are therefore increasing the scope of our strategic program with the following activities: Implement further cost-reduction activities in Volvo CE, reorganize Group Trucks Sales in order to increase efficiency and reduce costs and review what is core and non-core in in our IT operations.”
October 23, 2014
07:58 EDTNSANYAutomakers under increased scrutiny after wide ranging air bag recall, WSJ says
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06:32 EDTNSANYNissan issues worldwide recall for 260K cars for Takata airbags, Reuters says
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October 22, 2014
06:42 EDTVOLVYVolvo management to meet with Piper Jaffray
Meetings to be held in San Francisco on October 28 and in Los Angeles on October 29 hosted by Piper Jaffray.
06:24 EDTNSANYNHTSA says over 6M cars involved in Takata airbag recalls
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October 21, 2014
08:12 EDTNSANYNissan selects Hertz as exclusive mobility partner
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October 16, 2014
06:34 EDTNSANYChina to punish automakers that miss fuel standards, Reuters reports
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October 13, 2014
06:44 EDTNSANYRegulators seeking banks' auto loan data, Reuters reports
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