POAHF News and Press, Porsche Automobile Pfd From 03/04/23

2023-03-04 06:31:40 ET Summary Global electric car sales Jan. 2023 were up 10% YoY to 11% share. China sales down 8% YoY to 26% share. Europe up 3% YoY to 17% share. EV market news - Rho Motion forecasts over 14 million global BEV and PHEV sales in 2023. No more fossil-powered tax...

Summary The IPO market was quieter than expected this past week. Both deals on the calendar delayed, and there was no wave of post-Presidents’ Day launches. With no large post-Presidents’ Day launches this past week, six small companies are scheduled to list in the week ah...

Summary Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments ...

Summary Tesla, Inc. experiences considerable operational issues. Price cuts will increase demand, but margins will come under pressure. Tesla has fallen so much that valuation isn't the key issue it used to be any longer, although Tesla is still far from cheap. Article The...

Summary Ferrari is an independent luxury car-maker, which is due to release the Purosangue, a rival to the Urus. The Luxury car market is due to grow at over 10% into 2031, with Ferrari primed to exceed this. The company is very profitable and performs well against the traditional a...

Summary East 72 Holdings is a unique Australian publicly listed investment company listed on National Stock Exchange of Australia and is a leveraged investment company. East 72 Holdings quarterly gross portfolio return was +13.3%. Investment strategists – usually bullish at t...

Summary Porsche Automobil Holding SE (Porsche Holding) is a holding company different from Dr. Ing. h.c. F. Porsche AG (Porsche AG). Porsche AG produces the iconic Porsche cars and is a brand within the Volkswagen group. Porsche Holding controls Volkswagen, as it owns the majority o...

Summary Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produ...

Summary The way Volkswagen developed software over the last few years caused the group to fall behind its competitors, especially in China. The new CEO does a lot of things right; there is a renewed focus on developing features for customers/cars instead of announcing partnerships and i...

Summary Tesla and General Motors are two major leaders in a highly competitive market, both offering significant opportunities, while also reporting different risk profiles. Tesla reported massive performance over the past years, while GM is struggling to gain positive momentum and its ...