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jetcityimage/iStock Editorial via Getty Images The European Union slaps €875M (~$1B) in fines on automakers Volkswagen (VWAGY) and BMW (BMWYY) for restricting competition in emission cleaning for new diesel passenger cars. The European Commission says BMW, Daimler (DDAIF) and VW, which...
Ford has a good product mix and liquidity allows for new product development. Synergies through partnerships will assist with its EV and AV segments. Key financials and valuation metrics indicate that Ford is far from priced in. The future stock price is not just about EV and ...
With a view to raise outside funds to build infrastructure for battery-powered cars, Volkswagen (VLKAF) intends to sell a stake in its electric vehicle charging unit Electrify America - Reuters.The German automaker is working with Citi to look for a co-investor that is prepared to pledge...
The EV era is coming, and the IEA is projecting at least 145 million in global EV stock by 2030, as strong growth continues into 2021. While there are some significant opportunities in pure-play EV manufacturers, those exhibit a much riskier profile, especially SPAC entrants. EV d...
Global electric car sales for May 2021 were up 199% YoY reaching 6.6% share. Europe sales rose 158% YoY reaching 16% share, China sales rose 146% YoY reaching 12% share. EV market news - EVs a $7 trillion market opportunity to 2030. BNEF 2021 EV report forecasts 70% electric cars by 2...
German automaker Volkswagen (VLKAF) reports Q2 U.S. sales rose 72% Y/Y to 120,520 vehicles in June vs. +97.4% Edmunds forecast.Volume expanded 141% for Atlas family, +50% for Tiguan and 27% for Jetta in Q2.CPO sales up 6.7% to 30,448 units for the quarter.Total SUV sales soared...
With more than 3 million people, Puerto Rico constitutes 0.65% of the overall U.S. new car market. Sales were down 11% in 2020, compared to 14% for the U.S. overall. The dominant brand in Puerto Rico is Toyota, which was down 13% and lost 0.7% market share. The biggest market shar...
Volkswagen's stock price increased after the company's revenue started to pick up in the second half of last year. As seen historically, however, Volkswagen's valuation is expensive. Volkswagen's revenue growth, EBIT margin, and EPS growth are solid but not particularly enticing to ju...
3alexd/E+ via Getty Images Royal Dutch Shell ([[RDS.A]], [[RDS.B]]) and Renault (RNLSY) are interested in taking a stake in Volkswagen-backed (VWAGY) electric vehicle charging company Ionity, Reuters reports. Final bids for the 20%-25% stake, which is valued at €400M-€500M ($475...
Tomwang112/iStock via Getty Images As governments across the globe advance greener transport legislation to meet climate targets, a question that continues to surface is how much cleaner are EVs than traditional automobiles. Estimates exploring the carbon gap have to cover thousands of parame...
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