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 113
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. The automotive industry needs to get the same attention as soccer in Croatia. Earlier post.)

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

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

Green Car Congress

Organizations representing auto manufacturers, electric utilities and the electric drive industry are calling on President Obama to establish a new National Electric Fuel Task Force to help accelerate the adoption of plug-in electric vehicles and the necessary infrastructure.

Obama 231
article thumbnail

Volkswagen looking for partners in India to expand operations

Baua Electric

(HT Auto/Sabyasachi Dasgupta) German auto giant Volkswagen is looking to tie up with local car manufacturers in India to expand its operations in the country. The company admitted that making money in the Indian auto industry is tough. It also plans to introduce the ID.4 lakh units delivered.

India 52
article thumbnail

Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets.

Maryland 207
article thumbnail

Is the Ford Mustang Mach-E the Best Thing To Happen to the EV Industry?

Clean Fleet Report

This targets a market the EV industry has been trying to hit for some time. But, there’s still a considerable sub-section of the auto industry market that doesn’t care. This highlights a huge opportunity for other manufacturers in the auto industry. No, but it’s definitely one of the most important.