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Volkswagen ( OTCPK:VWAGY ) said Monday it will pursue an IPO of the preferred shares of Porsche ( OTCPK:POAHY ) and list them in Frankfurt, triggering what could become one of Europe's largest-ever listings. Analysts say the offering could value Porsche at as much as €...
Summary Tadej Pogacar attempted a hat trick this year: a third Tour de France win. However, competitor Jonas Vingegaard and his team broke records and showed impressive form. The popularity of some stages this year may indicate a high viewership count, leading to favorable pub...
Summary Likely in the first week of September Volkswagen AG will announce the IPO of Porsche AG. Porsche Automobil Holding SE is the controlling shareholder of Volkswagen. Volkswagen in heavily undervalued, but Porsche Automotive Holding SE even more. The IPO of Porsche AG...
Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...
Summary Porsche’s chief Oliver Blume replaces Herbert Diess as Volkswagen Group Chairman; senior management change not uncomplicated. Developments in China provide a buffer for Volkswagen in a tough market. This includes battery manufacture through Volkswagen Group China. ...
Summary Porsche IPO could be equal to Volkswagen's market capitalization. Numbers and details on one of the biggest European IPO. We left our Volkswagen target price unchanged, confirming our buy rating. Here at the Lab, we have a good grip on automotive companies. ...
Pilbara Minerals, an Australian mining company, operates the world's largest independent hard rock lithium operation. Lithium demand is expected to grow by 25% a year over the next decade. Pilbara is now cash flow positive. Cash position increased 270% from last quarter to $87...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips [Editor’s note: “Quantum Computing Will Be Bigger Than the Discovery of Fire! ” was previously published in June 2022 . It has since been updated to include the most relevant information avail...
Toyota Motor ( NYSE: TM ) ( OTCPK:TOYOF ) and batter maker Contemporary Amperex Technology are shutting down plants in China's Sichuan province as drought-driven power crisis power intensified, Bloomberg News reported . Toyota closed a facility and s...
China holds dominance along a majority of the EV supply chain, from graphite mining to materials processing to battery production. With the chip shortage projected to last at least through 2023 by a range of OEMs, any impacts to Taiwan's chip supply and related logistics could spell t...
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2024-07-25 04:53:00 ET While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows. With Rivi...