Volkswagen

Electric car and self-driving stocks fell nearly 15% in September, the second-worst month on record

Electric car and self-driving stocks fell nearly 15% in September, the second-worst month on record

GMC vehicles on display at the Sterling McCall Buick GMC dealership in Houston, Texas on February 2, 2022. Brandon Bell | Getty Images A key ETF for electric and self-driving car stocks suffered a dismal month in September, down nearly 15% on concerns that a recession could slow automakers’ earnings. The Global X Autonomous and …

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The Volkswagen ID.R will arrive on the Gran Turismo 7 on September 29

The Volkswagen ID.R will arrive on the Gran Turismo 7 on September 29

Volkswagen’s record-breaking ID.R time-attack car is one of the cars in this month’s Gran Turismo 7 update scheduled for Thursday, September 29. The car’s rather distinctive silhouette appears in one of three vehicles in a now-traditional “silhouette” teaser image posted to Twitter earlier today by Gran Turismo series creator Kazunori Yamauchi. Yamauchi’s tweet confirms that …

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Volkswagen IPO aims to value Porsche at 70 billion to 75 billion euros

Volkswagen IPO aims to value Porsche at 70 billion to 75 billion euros

Volkswagen will price shares in Porsche between 76.50 and 82.50 euros, the German group announced on Sunday, leading to a partial initial public offering (IPO) of the historic sports car brand worth 70 billion to 75 billion euros The euro, in between analysts’ expectations. The 12.5 percent stake in Porsche is scheduled to be listed …

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The 2022 North American International Auto Show is a gloomy ghost town

The 2022 North American International Auto Show is a gloomy ghost town

Ford Motor Company’s display at the 2022 North American International Auto Show.photo: Lalita Chemero This week’s 2022 North American International Auto Show in Detroit opens its doors to media and industry professionals, with public days starting tomorrow. NAIAS was once the pinnacle of the U.S. auto show circuit, with huge top displays and displays from …

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Volkswagen is one of the cheapest stocks. Porsche's IPO could change that.

Volkswagen is one of the cheapest stocks. Porsche’s IPO could change that.

Porsche’s successful IPO could unlock the value of Tesla’s emerging rival Volkswagen. Here, the 2022 Porsche Taycan GTS Hockenheim Track Edition is being painted. Porsche font size Apart from Tesla , Automakers are not favored by investors. Their shares carry some of the lowest price-to-earnings ratios in the stock market. Concerns include an expensive transition …

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The 2023 Toyota GR Corolla promises to cost less than $37,000.

The 2023 Toyota GR Corolla promises to cost less than $37,000.

photo: Adam Ismail it’s been about five months since Toyota Officially announced The existence of the GR Corollaand since the automaker first made it public, it feels like an eternity A hot hatch is in development.To say that a 300-horsepower all-wheel-drive rally car is already haven’t seen you for a long time would be an …

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Volkswagen expected to sign up for landmark Porsche IPO: sources

Volkswagen expected to sign up for landmark Porsche IPO: sources

Attendees view the 2022 Porsche 718 Cayman GT4 RS during the 2021 Los Angeles Auto Show on November 17, 2021 in Los Angeles, California, U.S. REUTERS/Ringo Chiu Sign up now for free and unlimited access to Reuters.com register HAMBURG/FRANKFURT, Sept 5 (Reuters) – Volkswagen AG’s (VOWG_p.DE) supervisory board is expected to approve a plan to …

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Cash is king for EV makers as soaring battery prices push up car production costs

Cash is king for EV makers as soaring battery prices push up car production costs

On April 11, 2022, the company’s factory in Normal, Illinois produces the electric Rivian R1T pickup truck. Michael Whelan/CNBC In the transition from gasoline-powered vehicles to electric vehicles, the fuel every automaker is running on after these days is cold cash. Both established automakers and startups are launching new battery-powered models to meet growing demand. …

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