According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …
Read More »Volkswagen is coming after Tesla. What it is in both stocks.
The size of the text Charging point on a Volkswagen electric om tomobile. Lisa Johansson-Kopitz / Bloomberg Volkswagen Wants to be a leader in electric vehicles around the world. Playing Tesla with Pepsi is not that satisfying Coca Cola. The German automaker had arranged an update of EV ambitions in …
Read More »Japan will phase out gasoline-powered cars, said Toyota Chief of Talking
TOKYO – Japan plans to halt sales of new gasoline-powered cars in the mid-2030s, criticized by Toyota Motor. Corp Fast shifts to major or electric vehicles could cripple the car industry. The plan, released on Friday, had similar steps taken by the state of California and major European countries, but …
Read More »Volkswagen is doubling down on electric
Tesla blown away when Renault dominated EV’s sales party in July
Mass production Renault Zoe dominated electric car sales in Europe in July, with 146 percent … [+] growth. Photo: Andrew Michael / Education Images / Universal Images Group via Getty Images Education Images / Universal Images Group via Getty Images Europe’s car sales figures for July are great news for …
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