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In recent months, automotive startups have faced a stark valuation reality check, and the virtual closure of the SPAC funding route reflects far greater scrutiny from investors. Automakers like VW have traded inexpensively relative to their earnings for many years. Global automake...
Following 16 hours of negotiations, the European Union has agreed to a framework to eliminate carbon emissions from new cars and vans by 2035, effectively closing the chapter on the internal combustion engine. Many automakers are already in the process of switching over to cleaner fleets, but...
Volkswagen (OTCPK:VWAGY) is close to selling a minority stake in its U.S. electric vehicle recharging business to Siemens (OTCPK:SIEGY) in a deal that would value the network at more than $2B, The Wall Street Journal reported after the close on Monday. more to come... For further details se...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips A recent Bloomberg Intelligence report suggests Tesla (NASDAQ: TSLA ) will lose its position as the biggest electric car maker by 2024. The crown instead will go to German automaker Volkswagen (OTCMKTS: VWAGY ...
NIO stock has had an impressive rally from its recent lows. When NIO was around $16, I bought a little bit, but I kept a 'hold' rating on it because I felt it was extremely risky. NIO could really fly in a best-case scenario but it is subject to many significant risks. Previou...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Since you’re paying $6 a gallon for gas at your local pump, you already know this. But I’ll say it anyway: The world is facing a massive energy crisis . What you may not know, though, is that one technolog...
Volkswagen AG has continued to show growth in inventory turnover in spite of supply chain and inflation pressures. Moreover, the company's quick ratio has also showed longer-term growth - indicating Volkswagen AG is in a good position to meet its current liabilities. For these rea...
New commercial vehicle registrations in the European Union fell 17.1% to 136,410 units in May, followed by 27.1% decline in April, led by decline in van sales. On YTD basis, demand for commercial vehicles in the EU decreased by 19.8% to 673,095 units, with the substantial drops...
According to the European Automobile Manufacturers’ Association (ACEA), EU passenger car registrations in May 2022 fell by 11.2% to 791,546 units, marking the eleventh consecutive month of decline. From January to May 2022, total registrations of new passenger cars in the EU ...
Management reiterated multiple times that current cash levels are sufficient for its operating and capital needs for its huge growth trajectory from its current pipeline of projects. Li-Cycle's operational targets are on track as its Arizona spoke with the next generation spoke innova...
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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...