Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Europe's top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand
Read More
Volvo Car AB
Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
Mercedes shares fell more than 8% Friday after the German carmaker cut its 2024 guidance on the back of weaker
Read More
Sweden’s Volvo Cars scraps plan to only sell electric vehicles by 2030
The announcement means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions. Source
Read More
Why Tesla’s big bet on gigacasting has other EV makers reimagining their factories
Tesla has promoted its gigacasting manufacturing method as a path to cheaper, lighter EVs. Rivals such as Volvo are also
Read More
European markets rise as traders assess possible rate cuts, fresh PMI data
European markets advanced Monday as traders continued to assess the possibility of rate cuts after softer-than-expected U.S. jobs data. Source
Read More
Volvo shares jump 21% on higher sales, plans to stop Polestar funding
Volvo shares jump 21% on higher sales, plans to stop Polestar funding Source link
Read More
Polestar cuts its guidance as it retools its business plan for lower EV sales, higher profits
Polestar said it is targeting a gross profit margin in the high teens, and deliveries of 155,000 to 165,000 vehicles,
Read More
Goldman reveals its brand new ‘conviction list’ of European stocks — giving one nearly 150% upside
The "European Conviction List – Directors' Cut" is the bank's "curated and active" list of 15 to 25 buy-rated stocks.
Read More
Volvo Cars will use Tesla’s Superchargers but not its autonomous driving tech. Its CEO explains why
The automotive industry has recently suffered issues related to supply chains and the cost of materials crucial to the production
Read More