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Bank Study Claims 52 Percent of Households Postponed New Vehicle Purchases

The Truth About Cars

A survey conducted by Santander Holdings USA, attempting to probe the status of middle-class households over the last twelve months, has reported that over half are actively delaying new-vehicle purchases. While we’re focused entirely on automotive issues, home ownership has indeed played a factor in reducing vehicle purchases.

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UK bus operator commits £500 million to buy 1,200 zero emission buses

The Driven EV News

UK bus operator Go-Ahead has announced plans to invest £500 million in the purchase of 1,200 UK-made zero emission buses over the next three years. The post UK bus operator commits £500 million to buy 1,200 zero emission buses appeared first on The Driven.

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Could McLaren go all-electric? UAE fund agrees to purchase 100% of the auto business to accelerate its growth

Electrek

An Abu Dhabi-based investment firm has entered a non-binding agreement to buy 100% of McLaren’s automotive business, including a stake in the McLaren Group. The purchase goal is to bring additional capital to McLaren to accelerate its growth in vehicle development, particularly in electric vehicle technologies.

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QOTD: Have You Held Back on a New-Car Purchase?

The Truth About Cars

Today, Matt brought us this story about households holding back on buying a new vehicle. So now I ask of you -- have you held back on a new-car purchase? Or, for that matter, a used-car purchase? If so, why? Is simply a lack of funds? Or maybe the high average transaction prices are keeping you on the sidelines.

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BYD Buys Car Distributor in Germany, fueling Push in Europe

Teslarati

BYD Automotive GmbH plans to buy Hedin Electric Mobility, a car distributor in Germany. Purchasing Hedin Electric Mobility will likely strengthen BYD’s position in the European market. According to Reuters , BYD’s purchase deal with Hedin is subject to approval but is expected to close by the fourth quarter of this year.

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Tesla stock gets another quick buy from ARK in two ETFs

Teslarati

Tesla stock ( NASDAQ: TSLA ) was the subject of another day of buying from the bulls at ARK Invest, marking the second time in as many weeks the firm bought the automaker’s shares in its ETFs. Meanwhile, its Next Generation Internet ETF, known as $ARKW, purchased 17,422 shares. The ETFs consist of many different stocks.

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IF Metall dissuading major companies from Tesla Sweden purchases

Teslarati

IF Metall’s strike against Tesla Sweden is dissuading a few large Swedish companies from purchasing Tesla cars. Swedish outlets speculate that the big companies cutting back on Tesla purchases might hit the car company harder than IF Metall’s moves against the US manufacturer.

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