Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.
BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY), China's largest electric carmaker, is pressing ahead with its European expansion despite growing trade tensions between Beijing and Brussels. The company has announced that its premium Denza brand will launch in the region, starting with the Z9GT, a large estate-style model available in battery-electric and plug-in hybrid versions.
The German automaker warned that first-quarter earnings missed expectations after taking a hit from one-off items including some early impact from U.S. import tariffs.
Porsche has shipped added inventory to the United States to get ahead of tariffs and kept prices constant for orders made in March, executives told analysts and investors in a call on Wednesday, according to a note by Bernstein Research.
Das Analysehaus Jefferies hat die Einstufung für Volkswagen DE0007664039 nach vorläufigen Zahlen zum ersten Quartal auf "Buy" mit einem Kursziel von 140 Euro belassen.
(Kursentwicklung aktualisiert, Kommentar ergänzt)FRANKFURT/PARIS - Die Vorzugsaktien von Volkswagen DE0007664039 haben sich am Donnerstag im sehr stark erholten Marktumfeld nach Geschäftszahlen allenfalls mittelmäßig geschlagen.
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