Remove tag Ipo
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Volkswagen Group’ hot new IPO sees sales fall in Q3

Teslarati

Volkswagen Group announced Q3 sales results, but their recent IPO Porsche brand saw a dramatic drop in sales during the quarter. Porsche’s higher price tag could influence this, but Audi now leads Porsche with more EV offerings for customers around the globe. Commercial vehicle sales tell a similar story.

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GM back on Wall Street

Green Car Congress

billion after pricing its IPO at $33/share—the top of the range. Those results made the IPO the largest US IPO of 2010, and amongst the largest ever. Reuters noted that the IPO values GM at about $63 billion. Tags: Brief.

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Porsche confirms Cayenne EV and second, larger all-electric SUV

Teslarati

Porsche has had a lot of great news to deliver to investors since its IPO late last year. Following Porsche’s IPO , the brand doubled down on its electrification strategy with the announcement of the Macan EV and has even become the most valuable automaker in Europe.

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CSIRO study concludes recent SEQ drought likely caused by climate variability rather than climate change

Green Car Congress

The study centred on the contribution to rainfall by naturally occurring events such as El Niño and La Niña, as well as a longer-lasting feature called the Interdecadal Pacific Oscillation (IPO), and how these events may be influenced by future climate change. As of 2010, the IPO appears to be moving to a phase similar to La Niña.

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Report: Daimler and Toyota May Partner on Fuel Cell Vehicles

Green Car Congress

With Toyota’s recently announced plan to invest $50 million in Tesla Motors following that company’s IPO ( earlier post ), both companies would also be investors in that electric vehicle company. Tags: Brief. Already, both automakers are among the main promoters of the technology. Daimler took a 10% stake in Tesla last year.

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GM Update: CEO, Loan Payback, Saab

Green Car Congress

The next milestone, Whitacre said, is the IPO, the timing of which will be contingent on a number of factors. Tags: Brief. Whitacre also said that GM was running ahead of all the metrics detailed in viability plan, and that because of this progress, GM will pay back the US Treasury and Canadian loans by June.

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GM Posts Second Consecutive Quarter of Profitability

Green Car Congress

Media reports say GM is preparing to file its S-1 for an IPO tomorrow or early next week. Tags: Brief. GM ended the second quarter with $32.5 billion in cash and marketable securities, including funds in the Canadian Health Care Trust escrow.

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