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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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August 21, 2014
07:18 EDTNSANYChina considering new anti-trust rules for auto sector, China Daily says
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05:48 EDTVOLVYVolvo reports July truck deliveries down 9% to 15,410
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August 18, 2014
07:37 EDTNSANYReport says Russia may bar car imports if new sanctions enacted, Reuters says
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06:30 EDTVOLVYVolvo targets wealthy Chinese with vehicle revamp, Reuters says
Volvo's (VOLVY) latest generation of vehicles are revamped to include luxury designs and features that target China's wealthy population in hopes that the cars will reverse diminishing sales, according to Reuters citing comments from Volvo CEO Hakan Samuelsson. Samuelsson said, "Prices will be the same level as competitors like the Germans. Customers should not expect to buy them cheaper than an Audi (AUDVF)." Reference Link
August 11, 2014
07:14 EDTNSANYToyota, Honda to cut prices in China following probe, Reuters says
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August 8, 2014
06:35 EDTNSANYNissan nears Honda U.S. sales due to designs, costs, Reuters says
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