Month: December 2022

BERLIN — Porsche will join Germany’s blue-chip index, just over two months after its market debut, exchange operator Deutsche Boerse said. Porsche will replace sportswear maker Puma on the DAX stock index on Dec. 19 while Puma will move down to the MDAX index, it said. Shares in Porsche have gained around 30 percent since
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The 2022 Automotive News All-Stars persevered during a challenging year for the industry, with the chip shortage improving somewhat but still lingering. These All-Stars delivered excellent products and services to their customers, introduced innovations and made other significant contributions to the industry. Their successes were celebrated at a ceremony Dec. 5 at the Detroit Athletic
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By William Johnson Posted on December 5, 2022 Rivian has signed a power purchase agreement with Apex Clean Energy to supply their Normal, Illinois, manufacturing facility with wind power. As the energy demands of electric vehicle manufacturing have become more evident, many manufacturers are investing in cleaner and cheaper energy sources to maintain their sustainability
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A year and a half of tight dealership inventories and strong consumer demand have let automakers dramatically curtail what they spend marketing their products, allowing those dollars to instead pad their bottom lines and soothe any financial damage from rising costs. But while the industry doesn’t need a lot of glitzy television ad campaigns or
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DETROIT — About two-thirds of Ford Motor Co.’s U.S. dealer network has signed up for the automaker’s electric-vehicle certification program, CEO Jim Farley said Monday. Speaking at the Automotive News Congress in Detroit, Farley said 1,920 retailers have agreed to follow rigorous new sales standards and invest heavily in EV chargers and training. Of those,
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell electric vehicles as the company invests billions to expand production and sales of the battery-powered
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