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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 2, 2015
07:33 EDTNSANYNissan North America recalling 218,019 2007-2012 Versa vehicles
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October 1, 2015
09:57 EDTNSANYNissan reports September U.S. sales up 18% to 121,782 units
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09:25 EDTNSANYNissan reports September U.S. auto sales up 18%, Bloomberg says
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05:56 EDTNSANYTrueCar boosts 2015 U.S. sales forecast to 17.4M from 17.2M
TrueCar (TRUE) raised its 2015 annual forecast by 200,000 units to 17.4 million as sales growth in the remaining months of 2015 is poised to remain vigorous. New auto sales in September, aided by a later-than-usual Labor Day, should expand by 12.6 percent from a year ago, while the Seasonally Adjusted Annual Rate should reach 17.7 million units. That strength underpins TrueCar's revised full-year industry forecast of 17.4 million units, the highest volume since 2000. Retail share of the total industry likely expanded a full point in September versus last year, indicating busier-than-average showrooms. Confident consumers are expected to push new vehicle revenue to a record $45 billion for the month, up 13.2 percent versus the same period last year. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Daimler (DDAIF) and Volkswagen (VLKAY). TrueCar EVP Larry Dominique commented, "Volkswagen's stop sell of diesel vehicles in the U.S. causes a noticeable hit to its September revenue, with a 7.7 percent decline. We expect sales to dip by at least by 5 percent and incentives to increase by $235 per unit, which will be essential to push non-impacted models off the lots."
05:32 EDTVOLVYALLDATA Europe announces licensing agreement with Volvo
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September 28, 2015
06:57 EDTVOLVYNHTSA mulls Takata air bag recall expansion, Bloomberg reports
The National Highway Traffic Safety Administration, or NHTSA, is mulling an order that would expand that recalls of Takata (TKTDY) air bags and has contacted seven manufacturers who may be affected, including Volkswagen (VLKAY) and Tesla (TSLA), Bloomberg reports. Takata had identified seven companies that it has supplied with air bag inflators that use ammonium nitrate propellant, the report says, citing NHTSA letters dated September 22. The NHTSA also contacted Mercedes-Benz (DDAIF), Jaguar Land Rover (TTM), Suzuki (SZKMF), Volvo Trucks (VOLVY), and Spartan Motors (SPAR), the report says. Reference Link
September 23, 2015
19:07 EDTNSANYStudy shows U.S. cars less safe than EU vehicles, Independent says
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14:52 EDTVOLVYNavistar slides after VW scandal makes potential takeover unlikely
Shares of truck maker Navistar (NAV) have been under pressure since the start of the Volkswagen (VLKAY) emissions probe. WHAT'S NOTABLE: Navistar, which is based in the U.S., has long been seen as a possible target of Volkswagen. Navistar would give Volkswagen a footing in the U.S commercial truck market and allow it to better compete with Daimler (DDAIF) and Volvo (VOLVY) in that sector. On March 5, shares of Navistar jumped after The Deal's senior transportation writer Lou Whiteman wrote that the company could become a target for Volkswagen, Daimler or PACCAR (PCAR). Earlier today, Dow Jones wrote that Volkswagen's growing scandal over diesel engine emissions will likely distract the German automaker's interest in Navistar. PRICE ACTION: Since September 18, when the EPA first announced it was issuing a notice of violation to Volkswagen, shares of Navistar are down approximately 19%. Navistar is at a 52-week low, down over 8% to $13.70 in afternoon trading.

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