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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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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.

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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.

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GM leading current industry evaluation of BioRID rear impact crash dummies

Green Car Congress

General Motors, which has a long history of crash test dummy design, is leading current research on the potential for global auto industry use of a test dummy that would help automakers and safety experts better understand how crash victims are hurt in rear impacts. The BioRID ATD. Click to enlarge.

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Eaton Supercharger Debuts in China on Three New Chery Engines

Green Car Congress

Fuel savings and emission reduction are the new themes for China’s auto industry. Chery is continuing to leverage global resources and is making great strides in building core technological competitiveness, as well as actively following government policies to reduce greenhouse gases and emissions.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

This request by the Alliance echoes a similar, earlier request by Global Automakers, the trade association representing the US divisions of 12 international automakers (Aston Martin, Ferrari, Honda, Hyundai, Isuzu, Kia, Maserati, McLaren, Nissan, Subaru, Suzuki and Toyota). Earlier post.). Background.

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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. It’s still one of the worst outlooks, globally.

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