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Big 5 German Automakers Implicated In Price-Fixing Scandal; VW Exec Plans To Cop Plea In Emissions Probe
Wednesday, July 26, 2017 - 9:32amThe European Union and German antitrust regulators are investigating whether the five major German automakers colluded to fix the price of diesel emissions treatment systems, according to published reports. The claims against Volkswagen, Daimler, Audi, BMW and Porsche were first reported Friday in...
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Detroit News Auto Critic: Tesla Model 3 Is 'The Auto Story Of The 21st Century'
Wednesday, April 6, 2016 - 12:31pm"The Model 3 may not be the Model T. But it's the auto story of the 21st century. And its mad genius creator will be tweeting every step of the way." –Henry Payne, The Detroit News In an article from the Detriot News, auto critic Henry Payne paralleled this century's...
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Multiple Auto Analysts: Ferrari's Stock Could See Downside, May Not Find Growth
Monday, November 16, 2015 - 11:17amShares of Ferrari NV (NYSE: RACE) were trading lower by 3 percent during Monday's session. Analysts at ISI Group and BNP Paribas both cautioned investors in separate notes on Monday. The analysts suggested that shares of Ferrari could see downside as the company's pricing power...
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Volkswagen Denies New EPA Allegations Regarding Porsche & Audi Motors That Cheat Emissions Tests
Monday, November 2, 2015 - 5:39pmScandal continues to hurt Volkswagen AG (ADR) (OTC: VLKAY) as the U.S. Environmental Protection Agency announced on Monday that it is looking at more vehicles that could have cheated air pollution tests. Porsche and Audi cars are involved in this round. The EPA declared that the...
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A Different Way To Bet Against Volkswagen
Wednesday, September 30, 2015 - 1:31pmVolkswagen AG (ADR) (OTC: VLKAY) faces a number of risks that are hard to quantify at this time. For one, VW Financial Services’ balance sheet could take a massive hit. Bank of America has initiated Underweight ratings on Volkswagen’s corporate bonds. Analyst Teo Lasarte still...
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Investors, Look To Buy Volkswagen On The Dip
Friday, September 25, 2015 - 1:12pmThe emissions scandal that Volkswagen AG (ADR) (OTC: VLKAY) is facing has taken the company's shares down by roughly 30 percent over the past two days. The company is also facing massive fines and even criminal lawsuits in the United States; a new probe looking into its software in the UK has...
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Porsche Goes Green: Is The New Mission E The Ultimate Anti-Tesla?
Tuesday, September 15, 2015 - 4:20pmPorsche presented a new electric car in the Frankfurt Motor Show. The new vehicle could pose a threat to Tesla Motors Inc (NASDAQ: TSLA) and other electric carmakers; however, it is still a concept car at this time. Shares of Volkswagen AG (ADR) (OTCS: VLKAY), owner of Porsche, are up more than 0....
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This Analyst Just Said Tesla, Apple And Google Could Put Porsche, BMW, GM And Ford Out Of Business
Friday, February 20, 2015 - 4:14pmOut with the old and in with the new? That'd the word from Global Equities Research analyst Trip Chowdhry. "Right now, [the auto industry] is a trillion-dollar market, more than that," Chowdhry told Benzinga. "Apple is not a player. If Apple can get just 10 percent of the...
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Bank Of America On 2015 Auto Manufacturers: Keep Those Wheels Turning
Wednesday, February 4, 2015 - 4:28pmIn a report published Tuesday, analysts at Bank of America took a look at the U.S. auto manufacturers' industry, which saw January U.S. light vehicle sales rise 9.3 percent year-over-year on a selling-day-adjusted basis, above the firm’s mid-month estimate of +8.0 percent “for a...
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Looking for the Next Big Market, Tesla Opens Shop in China
Tuesday, December 17, 2013 - 5:29pmTesla (NASDAQ: TSLA) CEO Elon Musk says he has no idea how well his electric car will sell in China; calling the country a “wild card.” However, since the Chinese have an appetite for large luxury cars -- and since the country suffers from high air pollution, an incentive for the government to...
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