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Stocks Volkswagen AG


  • SAO PAULO, Sept 4- Automobile production in Brazil slipped in August and will likely fall again in September and October, the national automakers' association said on Friday, as scarce credit and dismal consumer confidence add to an industry crisis. "It's still a very difficult moment for the market," said Anfavea President Luiz Moan, adding there was no short-term...

  • FRANKFURT, Sept 3- Austrian Hans Dieter Poetsch, Volkswagen AG's finance chief faces a massive task in his future role as chairman- to maintain the support of the often divided stakeholders who have chosen to back him while improving the carmaker's profitability. Although Volkswagen Group has grown to become the world's largest carmaker it has proven to be one...

  • Think Airbnb—but for recreational vehicles Thursday, 3 Sep 2015 | 12:26 PM ET
    Rear view of silver airstream trailer on the open road.

    A new entrant to the peer-to-peer economy hopes to capitalize on the trend of consumers wanting to rent recreational vehicles.

  • UPDATE 2-VW's finance chief set to become new chairman Thursday, 3 Sep 2015 | 11:09 AM ET

    BERLIN, Sept 3- Volkswagen's finance chief Hans Dieter Poetsch is set to become its next chairman, putting Europe's biggest carmaker on course for calmer waters after rival factions including ousted patriarch Ferdinand Piech united to back him. The company has been looking for a permanent successor to Piech, who was turfed out in April after clashing with...

  • High-powered backers assemble China's Tesla rival Monday, 31 Aug 2015 | 9:54 PM ET
    Tesla S automobiles

    A group of China-based internet entrepreneurs and financial investors is backing an effort to create NextEV, a new rival to electric car maker Tesla.

  • *Fujitsu outperforms after brokerage rating hike. TOKYO, Aug 31- Japanese stocks skidded on Monday morning, hurt by soft domestic industrial output data and concerns the U.S. Federal Reserve might yet raise interest rates next month even as anxiety over a China- led global economic slowdown persists.

  • Suzuki to buy back VW stake as court settles feud Sunday, 30 Aug 2015 | 10:11 PM ET
    Japan's automaker Suzuki Motor chairman Osamu Suzuki announces the company will buy back Suzuki's shares from German auto giant Volkswagen at a press conference in Tokyo on August 30, 2015. International Court of Arbitration of the International Chamber of Commerce in London made a decision for the settlement of the dispute between the two automakers.

    Japan's Suzuki said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen.

  • TOKYO, Aug 30- Japan's Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding. VW's stake, acquired in January 2010 for 1.7 billion euros, was worth some $3.8 billion at Friday's closing price. Both companies said they welcomed the...

  • BUENOS AIRES, Aug 28- Argentina's central bank is reducing the supply of scarce dollars to manufacturers two months ahead of a presidential election to ensure more are available for the nation's savers, hampering the import of parts and disrupting factory production lines. Car factory workers are already working reduced hours as companies grapple with a...

  • German car makers are reviewing how many vehicles to send to China or the U.S., and U.S. dealers say they expect to get more Mercedes, Audi and BMW sport utility vehicles to sell as a result. Most global automakers have significant manufacturing operations in China they want to keep running. Before the market declines and the currency devaluation, demand for SUVs...

  • *Financing more common in China for foreign and luxury brands. BEIJING, Aug 28- When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Volkswagen Finance Co Ltd is...

  • Global carmakers reengineer India strategy to grow sales Wednesday, 26 Aug 2015 | 9:13 AM ET

    *Nissan, Renault plan new models, bigger dealer networks. Automakers like General Motors, Nissan Motor Co and Renault SA have over the past weeks announced hundreds of job losses. "India is not the most easy market in the world to crack," Guillaume Sicard, president of Nissan India told Reuters after the company said it would cut "hundreds" of jobs at the Renault-Nissan...

  • When a standard $1 million car just won't do Friday, 21 Aug 2015 | 1:42 PM ET
    A McLaren P1

    McLaren's Special Operations division was set up in 2009 to help car buyers transform fantasy into sheet metal.

  • NEW DELHI, Aug 21- Indian carmaker Tata Motors Ltd said on Friday' many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people. The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as...

  • Buckle up: The 10 best cars for teen drivers Thursday, 20 Aug 2015 | 2:08 PM ET
    teenage driver

    The list factors in total cost of ownership and only includes models that have earned a top safety rating from IIHS.

  • *Renault, Hyundai, Fuji Heavy, BMW, VW to use Shanghai. BEIJING, Aug 19- Toyota Motor Corp and rival global automakers are looking to divert shipments to Shanghai and other ports from Tianjin after massive explosions last week disrupted operations indefinitely at China's largest auto import hub. On Wednesday, Renault SA and Subaru maker Fuji Heavy Industries Ltd...

  • Early estimate puts Tianjin insurance loss at $1.5B Monday, 17 Aug 2015 | 8:52 PM ET
    TIANJIN, CHINA: (CHINA OUT) Rescuers work at the blast site during the aftermath of the warehouse explosion on August 17, 2015 in Tianjin, China.

    The Tianjin blasts could generate insurance losses of as much as $1.5B, Credit Suisse analysts said, citing initial estimates.

  • *Credit Suisse puts initial losses at $1 bln- $1.5 bln. HONG KONG, Aug 17- Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on Chinese media reports. Credit Suisse said those affected would be mostly...

  • US manufacturers affected by Tianjin explosion Thursday, 13 Aug 2015 | 4:30 PM ET
    A damaged road sign near the site of the explosions at the Binhai new district, Tianjin, August 13, 2015.

    Some American companies with manufacturing operations in China have been impacted by Wednesday's explosion in the port city of Tianjin.

  • European equities ended sharply lower on Wednesday as a yuan-related selloff in Asian stocks weighed on investor sentiment.