In March, Volkswagen shares have grown by 69% because of the bold plans of the company’s management to conquer the world’s electric car market. Thanks to such growth of the quotations, DAX has set a record of 14775.52 points.
Tag: car industry
For the first time since five years ago, Volkswagen stocks rose over 200 USD each. The growth was provoked by the report of analysts from UBS Group AG in which they named the ID.3 platform having the most energy capacity and efficacy in its class.
Still interested in investments in electric cars? A new draft bill by Biden will support local electric car producers, so the stocks of American companies might grow again.
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Will the cooperation of Kia Motors with Apple and Ford with Google become financially successful? The South-Korean carmaker will produce pilotless vehicles for Apple, while Ford Motor will install soft- and hardware from Google onboard its cars.
Fiat Chrysler Automobiles and Group PSA united into Stellantis creating a new car giant. The stocks of the company appeared in the US and European exchanges. On the first day of trades, they grew by 8% on average.