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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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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

In addition, BHP and Rio Tinto have announced their intention to create a joint venture and merge their Australian iron ore productions, leading to further concentration. The ‘big three’ represent around 70% of the exports of iron ore and, subsequently, hold the significant pricing power of an oligopoly.

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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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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 4 electric SUV as its first EV in India soon.

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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. While it can be hard to quantify the demand for hypercars due to the nature of their limited production runs, there is no question that the Pininfarina Batista is bringing something new to the table.