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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. —Hyundai Group Executive Vice President Thomas Schemera. Earlier post.)

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Volkswagen is financially ready for electrification, says CFO

Teslarati

Volkswagen CFO Arno Antlitz said that the auto group is in an excellent financial position to fund electrification. According to Reuters , the Volkswagen CFO clarified that he believes the auto group is financially ready for electrification. From the CFO’s comments to Reuters , Volkswagen has acquired roughly €9.6

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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

Embracing the outcome of the German National Diesel Forum earlier this week ( earlier post ), the Volkswagen Group announced that it will offer a trade-in incentive for Euro 1 - Euro 4 diesel models which will apply across all brands in the Group. The auto industry and the Federal government will each contribute €250 million.

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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

ACEA members are BMW Group, DAF Trucks, Daimler, FIAT Group, Ford of Europe, General Motors Europe, Jaguar Land Rover, MAN Nutzfahrzeuge, Porsche, PSA Peugeot Citroën, Renault, Scania, Toyota Motor Europe, Volkswagen and Volvo.

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Auto Industry and Utilities Urge President Obama to Create to National Electric Fuel Task Force to Accelerate Plug-in Adoption

Green Car Congress

Led by the Department of Energy, the task force would include federal and state regulators, standards organizations, utilities, environmental groups, consumer groups and electric drive industry stakeholders. Under the American Recovery and Reinvestment Act, $2.4

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Big DEED turnout in Dayton 

Electric Auto Association

General Manager Jeffrey Pizza and EV Specialist Zach Johnson of White Allen Euro Group presented a Porsche Taycan and Audi e-tron that were very well-received. Jeffrey Pizza of White Allen Euro Group with Porsch Taycan. Perhaps the biggest surprise for the crowd was the late entry of a rare Polestar 2.

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