Volkswagen AG (OTCMKTS: VWAGY) aims to raise USD9.4 Billion from the initial public offering of its luxury sportscar maker Porsche AG, hopefully valuing the company at as much as USD74.1 Billion. The IPO could be Europe’s biggest listing in over a decade, according to Bloomberg. The automaker’s shares rose 1.4% in Frankfurt trading upon the …
Porsche, owned by Volkswagen (OTCMKTS: VWAGY), announced its USD75 Million investment in eFuels on Wednesday, as it strives to electrify 80% of its model lineup by 2030. Climate-neutral “e-fuels” are designed to replace gasoline in traditional combustion engines. The company will be specifically investing in Chilean eFuel producer Highly Innovative Fuels (HIF). [stock_market_widget type=”inline-label” template=”basic9″ …
Bentley Motors (OTCMKTS: VWAGY) says it is prepared to spend USD3.4 Billion throughout the next decade in order to transition into a fully electric luxury automaker by 2030. The company will develop its first electric vehicles by 2025. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”VWAGY” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”VWAGY” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: …
Bentley to Invest $3.4 Billion to Fully Transition to EVs by 2030 Read More »
Bentley Motors (OTCMKTS: VWAGY) announced that it had sold a record number of luxury sedans and SUVs in 2021, despite the strong supply chain delays experienced throughout the automotive industry. Sales rose nearly a third as the company strives to electrify its whole range of vehicles. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”VWAGY” api=”yf”] [stock_market_widget type=”chart” template=”basic” …
