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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. But simultaneously, luxury German automakers have mysteriously not seen the same rapid declines in stock prices, some (Porsche) even increasing in value over the same timeframe.

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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The leading iron ore exporters announced on 30 March steps to raise their prices by more than 80%. Major producers like India and Russia hardly export their iron ore.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. For our nation, where the auto industry accounts for a large share of value creation, this is not just an economic issue, but also a question of security.”

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V2G is the key to the popularity of electric vehicles

Setec Powerr

As more consumers purchase electric vehicles in the coming decades, a huge question is plaguing governments and the auto industry: Can the grid keep up with the dramatic increase in demand for electricity? Porsche and Tesla have also recently launched their V2G pilot programs.

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Pininfarina grows its U.S. footprint in early bid for EV hypercar market control

Teslarati

Moreover, mainstream brands like Porsche, Mercedes, and Audi have yet to electrify their highest-performance offerings. All for the low, low price of $2.2 Pininfarina is once again on the very cutting edge of the auto industry, blending beauty and the future of mobility in amazing harmony. Lamborghini outlines massive $1.8

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June 2023 – Tesla Model Y is again the bestseller in Norway

Push EVs

Plugless vehicles will continue to be sold in Norway until plugin options — most likely BEVs — appear in all vehicle segments, and at affordable price points. This is priced over €90,000, so won’t make a volume impact on Norway’s transition. Norway’s auto industry group, the OFV , attributes the drop to “uncertainty among consumers”.

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April 2023 – Good month for Volkswagen in the UK

Push EVs

Talking of automotive groups, let’s look at the group performance in the UK BEV market: Volkswagen group, with BEVs from Volkswagen brand, Audi, Cupra (and SEAT), Skoda, and Porsche (amongst others), is leading the trailing 3 months share, by a small margin over Tesla. The good news for consumers is that both are growing volumes fast.

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