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Stock Market & Financial Investment News

News Breaks
January 26, 2013
14:16 EDTNSANY, VOLVYVolvo 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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April 21, 2014
07:49 EDTVOLVYChina ready to replace U.S. as Volvo's largest market, Reuters says
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06:28 EDTNSANYNissan considering further expanding capacity in China, WSJ reports
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06:23 EDTNSANYNHTSA to probe Bosch chargers connected to Nissan Leaf fire, Detroit News says
The National Highway Traffic Safety Administration will open an investigation into 50 Bosch Power Xpress 250V charging units to determine if a charging unit caused a fire to a Nissan Leaf EV, reports Detroit News. Reference Link
April 17, 2014
08:10 EDTNSANYJapanese, German car manufacturers benefiting on Korea deal, Reuters says
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07:58 EDTNSANYEU vehicle sales turnaround fails to stop price war, Reuters says
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April 16, 2014
10:00 EDTVOLVYOn The Fly: Analyst Upgrade Summary
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05:18 EDTVOLVYVolvo upgraded to Hold from Sell at Deutsche Bank
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April 15, 2014
18:11 EDTNSANYMajor Japanese automakers target 30% production increase in Asia, Nikkei says
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08:12 EDTNSANYBofA/Merrill to hold a summit
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April 11, 2014
07:31 EDTNSANYChina auto sales growth slowed in March, WSJ reports
The China Association of Automobile Manufacturers said 1.71M passenger vehicles were sold there in March, which was up 7.9% from a year earlier but a slower growth rate than the 11% year-over-year increase seen in the January-to-February period, reported The Wall Street Journal. The association cited weak sales of minivans, which fell 23% in the month, as a large factor, the report noted. Publicly traded automakers include Ford (F), General Motors (GM), Fiat (FIATY), Honda (HMC), Toyota (TM), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link

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