Remove Auto Industry Remove Europe Remove Market Remove Porsche
article thumbnail

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.

Porsche 134
article thumbnail

Hyundai Motor Group bolsters partnership with Rimac on high-performance EVs and fuel cell prototypes across brands

Green Car Congress

Hyundai Group joined its partner Rimac Automobili in an event hosted by Rimac CEO Mate Rimac and attended by Croatian Prime Minister, ministers, and senior government officials to discuss the potential of the new auto industry in Croatia. Global automotive producers have shifted production towards CEE countries from Western Europe.

Croatia 207
article thumbnail

European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

Such “ excessive and unpredictable ” pricing policy would affect the competitiveness of manufacturing in Europe, including the automotive industry, according to a statement from ACEA, the European auto industry’s trade association.

article thumbnail

Volkswagen Group launches trade-in incentive for Euro 1 - Euro 4 diesels; pan-European software update for Euro 5 and some Euro 6 diesels

Green Car Congress

In addition, the software update for Euro 5 and some Euro 6 diesel vehicles will be available throughout Europe and not just in Germany. The incentive is currently being prepared by the Group’s Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Porsche and Volkswagen Commercial vehicles brands and will be on offer soon.

Diesel 150
article thumbnail

Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Foreign Minister Annalena Baerbock highlighted the urgency of the situation at the Münich Car Show last week.

BYD 122
article thumbnail

17.7% of Porsche USA Sales Electric, 4.8% of Volkswagen USA Sales Electric — Crushing BMW, Ford, Nissan, & Chevrolet Figures

CleanTechnica EVs

The unfortunate thing for those of us who would like to see Europe-level EV sales as quickly as possible is that non-Tesla EV sales in the US are quite pitiful. I wrote a piece last week on US electric vehicle sales in the 2nd quarter of 2021. Of course, some pure-Tesla fans are happy about […].

USA 101
article thumbnail

New: EVAdoption Quarterly US Electric Vehicle (EV) Sales Scoreboard

EV Adoption

We recognize that this scoreboard has limited value today due to the small number and randomness of the these 9 EVs currently included, but part of our goal is to shine a light on the general lack of transparency in the auto industry when it comes to US EV sales data. New to the scoreboard in Q3 was the Audi e-tron GT.

Sale 52