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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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February 10, 2016
06:59 EDTVOLVYGarmin upgrades Volvo Penta glass cockpit system
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February 8, 2016
07:16 EDTVOLVYVW Trucks unit exploring acquisitions, IPO, Bloomberg reports
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February 5, 2016
05:23 EDTVOLVYVolvo cuts FY16 North American heavy-duty truck forecast to 260K vehicles
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05:19 EDTVOLVYVolvo reports Q4 revenue SEK 79.6B vs. SEK 77.5B last year
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February 2, 2016
14:11 EDTNSANYAutodata estimates January U.S. auto sales pace at 17.58M, CNBC reports
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09:07 EDTNSANYNissan reports January U.S. sales up 1.6% to 105,734 units
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09:04 EDTNSANYNissan reports January U.S. sales up 1.6%, Bloomberg says
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07:09 EDTNSANYTrueCar projects U.S. revenue from new vehicle sales reached $38B in January
TrueCar projects U.S. revenue from new vehicle sales reached a record high for the month of January of $38 billion, up 1.4 percent from a year ago. January marked the auto industry's 25th consecutive month of year over year revenue expansion. Higher average transaction prices helped automakers post a $520 million gain in revenue versus January 2015, despite a likely increase in incentive spending and somewhat lower sales compared with a year ago. As previously announced, TrueCar projects sales of new cars and light trucks contracted 0.3 percent last month. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
February 1, 2016
18:46 EDTNSANYAutomakers hit with additional costs due to China regulatory shift, Reuters says
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January 29, 2016
09:43 EDTNSANYNissan recalls 846K Altimas due to faulty hood latch
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January 28, 2016
10:28 EDTNSANYTakata CEO plans to resign, WSJ reports
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