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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

Such “ excessive and unpredictable ” pricing policy would affect the competitiveness of manufacturing in Europe, including the automotive industry, according to a statement from ACEA, the European auto industry’s trade association.

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Based on the results, they will “consider the possibility of mass production development.” Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s auto industry,” with EVs and other tech rapidly developing. BYD is breaking into Japan’s seemingly impenetrable auto industry.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Today, the automaker still hasn’t rebounded to pre-pandemic production levels across vehicle segments in Germany.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

The Auto Alliance has sent a letter to EPA Administrator Scott Pruitt requesting that the US Environmental Protection Agency withdraw the Final Determination on the Appropriateness of the Model Year 2022-2025 Light-Duty Vehicle Greenhouse Gas Emissions Standards under the Midterm Evaluation which EPA announced on 13 January 2017.

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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. (HT 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.

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