Analyst Research

Report Title Price
Provider: ValuEngine, Inc.
$25.00
Provider: Sadif Analytics Prime
$25.00
Provider: Finlabo SIM Spa
$10.00
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Volkswagen AG Recalls Almost 26,000 Cars In Australia-Reuters


Tuesday, 11 Jun 2013 07:55pm EDT 

Reuters reported that automobile maker Volkswagen AG will recall almost 26,000 cars in Australia in response to potential gearbox problems, the Company said, mirroring recalls already ordered in China, Singapore and Japan. Volkswagen Australia would recall Golf, Jetta, Polo, Passat and Caddy models manufactured between June 2008 and September 2011, the German company said in a statement. The recall would affect 25,928 vehicles fitted the seven-speed DQ200 direct-shift gearbox (DSG) after car owners complained of transmission and engine failures causing loss of power. Australia's government is investigating reports of power loss problems with Volkswagen cars amid a coronial inquiry into the death of a woman killed when a truck hit her manual transmission Golf in 2011. The Victoria state coroner is due to report in July. Volkswagen Australia said the mechanical problems did not affect cars currently being produced and sold. The recall notice did not mention separate engine power loss issues. In recalled cars, Volkswagen said it would replace the gearbox mechatronic unit on potentially affected vehicles at no cost to owners. Vehicle software would also be updated.