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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 taps ex-Porsche, Apple Car exec to bolster performance as it transitions to EVs

Baua Electric

Hyundai is bringing on ex-Porsche and Apple exec Manfred Harrer to lead the development of its new luxury Genesis Magma brand. Hyundai hires ex-Porsche, Apple Car exec Hyundai Motor announced Tuesday it had hired Harrer as executive vice president and head of its newly established Genesis & Performance Development Tech Unit.

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UK Auto Market Struggling But Full Electrics Still Growing

CleanTechnica EVs

share of the auto market in August, up from 18.3% Overall auto volumes were at 68,858 units, a slight YoY improvement, though still 18.8% The UK saw plugin electric vehicles take 20.2% year on year. Full electrics saw a decent growth in share whilst plugin hybrids lost share, weighing on the combined plugin result.

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Genesis GV80 luxury electric SUV is coming to take on Tesla Model Y and Porsche Macan EV

Baua Electric

Genesis is set to launch a new luxury mid-size electric SUV, the GV80, that will compete against Tesla’s best-selling Model Y and the Porsche Macan EV. The new EV will roll out shortly after its larger GV90 electric SUV hits the market. Electrek’s Take Genesis is already outpacing luxury rivals in the US market.

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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. As per industry estimates, about 4.1

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Stellantis Continues Snubbing North American Auto Shows

The Truth About Cars

Stellantis pulled out of last year’s Los Angeles Auto Show and the Specialty Equipment Market Association (SEMA) trade show , stating that it was trying to save money amid the now resolved UAW strike. At this time, our Toronto-area dealers have agreed to fund all display and activation costs pertaining to the Toronto auto show.”

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Hyundai’s IONIQ 5 N takes on a Lamborghini Urus and Porsche Macan GTS in an epic drag race

Baua Electric

Credit: Hyundai N Can Hyundai match Lamborghini and Porsche in a race? Watch Hyundai’s most powerful vehicle, the IONIQ 5 N, take on a 657 hp Lamborghini Urus Performante, Porsche Macan GTS, and others in an epic super SUV drag race. sec $269,885 Porsche Macan GTS 434 hp 3.5 sec $66,100 Lamborghini Urus Performante 657 hp 3.1

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