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Gores Guggenheim ("GGPI") announced its planned de-SPAC transaction with Volvo- and Geely-backed electric vehicle maker Polestar last year. The transaction is expected to close in the first half of 2022. The GGPI stock continues to trade at a discount to other EV pureplays, despit...
Senior officials with the Biden Administration met with high-level execs from the automobile industry to discuss a national network of 500,00 chargers. Tesla (TSLA) CEO Elon Musk, Ford Motor (F) CEO Jim Farley, Stellantis (STLA) CEO Carlos Tavares, General Motors (GM) CEO Mary Barra, Luc...
Mercedes-Benz (OTCPK:DDAIF) reports deliveries of S-Class vehicles rose 67% in Q1 and sales of plug-in hybrid and battery electric vehicles reach 67,800 units despite semiconductor supply shortage and COVID-19 restrictions affected business. The top-selling model GLC delivered ...
Global electric car sales Feb. 2022 - Up 99% YoY reaching 9.3% share. China sales up 176% YoY to 20% share. Europe sales were up 38% YoY to 20% share. EV market news - UK hits new record electric car market share. Germany joins EU ICE ban by 2035. Record high gas prices are driving de...
Spin off of Daimler Truck leaves Mercedes-Benz management focused on core business. We take a look at inflationary and Russia/Ukraine risks in detail. In a prime position to take advantage of BEV penetration. Inefficient distribution of capital considering EVs and autonomous d...
Russia's decision to demand ruble payments for its natural gas exports to the EU, threaten the viability of the euro currency as a global FX reserve. Before this latest blow to the global status of the euro, there was some hope in Europe that the euro could compete with the USD as a g...
Due to supply-chain issues increased by the war in Ukraine, new passenger car registrations in the EU fell by 6.7% to 719,465 units in February 2022, followed by 6% decline in January. The four major EU markets reported mixed results: Italy -22.6%, France -13.0% while...
The war in Ukraine has overshadowed any other market development in February. I have kept my portfolio intact and made a couple of purchases while divesting one small position. The combination of soaring inflation and geopolitical uncertainty has rattled markets but despite some d...
Automotive companies have the tendency to be negatively correlated with the price of crude oil and rising inflation levels. GM's financial metrics have yet to stand out relative to its competitors, and there is no indication of such in the shorter term. Rising commodity prices wou...
Global electric car sales Jan. 2022 - Up 87% YoY reaching 10% share. China sales up 115% YoY to 17% share. Europe sales were up 39% YoY to 19% share. EV market news - US$5B plan to fund EV charging network over 5 years. USA Q4, 2021 EV sales up 72%. 10 electric pickups coming to the U...
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IPO Shares to Commence Trading Today on Nasdaq under Ticker Symbol "MGRX" DALLAS, TX / ACCESSWIRE / March 21, 2023 / Mangoceuticals, Inc. ("MangoRx" or the "Company")(NASDAQ:MGRX), a company focused on developing, marketing and selling a variety of men's health and wellness products ...
Building a proprietary system: The Mercedes-Benz Operating System (MB.OS) is a new purpose-built chip-to-cloud architecture that will be central to every future product, delivering exceptional software capabilities and delighting customers with its ease of use Partnering with innovation l...