Bayerische Motoren Werke AG
BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
BMW Group plans to invest $1.7 billion in its U.S. operations to build electric vehicles and batteries, the company announced Wednesday. The investment will include $1 billion to prepare for production of EVs at the automaker’s existing Spartanburg factory in South Carolina, and $700 million for a new high-voltage battery-assembly facility in nearby Woodruff. The […]
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New cars are still selling for over MSRP. Here’s how to avoid sticker shock
A couple browses a car’s sticker price. Don Mason | The Image Bank | Getty Images With demand for new cars still outpacing supply at many dealerships, buyers may be asking themselves if they need to pay over the average manufacturer’s suggested retail price, or the sticker price, to get the car that they want. […]
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Polestar unveils a new $84,000 electric SUV it can be hoping will enable cement its foothold in the U.S.
Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it truly is counting on to grow its gross sales and existence in the United States. The new product, referred to as the Polestar 3, is a 5-passenger EV that the organization describes as a “general performance SUV.” It’s […]
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‘There’s tons to acquire in China,’ fund supervisor says and names these 2 EV shares
Buyers in China have had a complicated time lately. The Shanghai Composite Index has fallen by 17% this yr and is down about 10% more than the previous five many years. But just one fund manager thinks there are pockets of price in sure “main sectors” even though monetary situations are limited. Edmund Harriss, head […]
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Porsche shares rise in Frankfurt industry debut
The Porsche IPO is established to be one particular of the greatest in European record. Thomas Kienzle | AFP | Getty Visuals Porsche shares edged increased in their stock market debut Thursday, in what is staying billed as a single of the largest community offerings in Europe at any time. Shares of the iconic sporting […]
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Qualcomm’s first auto investor day offers signs the industry is embracing its tech platform
We think Qualcomm delivered with its first-ever automotive investor day. Source
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Volkswagen shares up marginally on Porsche’s 70-75 billion euro valuation
A Porsche AG Taycan Turbo S electrical auto at the luxury automaker’s improvement middle in Weissach, Germany, on June 21, 2021. Andreas Gebert | Bloomberg | Getty Photographs Volkswagen shares rose marginally on Monday immediately after the carmaker said it was concentrating on a valuation of up to 75 billion euros ($74.84 billion) for sportscar model […]
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CNBC Professional Talks: Quick Cash trader Tim Seymour on how to participate in an unsure market heading into Drop
ShareShare Post through FacebookShare Short article via TwitterShare Write-up by way of LinkedInShare Post by means of Electronic mail Seymour Asset Management founder Tim Seymour shares perception on exactly where he thinks the marketplace is headed and how you can participate in it. He also discusses options in global marketplaces, certain shares he likes in […]
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Goldman Sachs says the weather invoice is a ‘game changer’ and these world shares will get a improve
The Biden administration passed the major local climate invoice in record in August, supplying a strengthen to a selection of U.S.-stated cleanse power shares. The $430 billion Inflation Reduction Act , also regarded as the local weather bill, incorporates $369 billion for vitality safety and clean up electrical power provisions. The bill has a extensive […]
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Ford CEO doesn’t expect electric vehicle battery costs to drop anytime soon
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters WAYNE, Mich. – Ford Motor CEO Jim Farley does not expect the costs of raw materials for the company’s electric vehicles to ease in the near future, marking the latest signal that automakers […]
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