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The European Union takes another step towards the end of vehicles with combustion engines. The European Parliament has supported Wednesday the proposal of the European Commission to ban the manufacture of new cars and vans that emit CO2 from 2035. MilestoneAccording to the proposal, all lightweight vehicles should be from then on either electric or hydrogen-powered. Support for this measure, which aims to meet the goal of climate neutrality in 2050, was not entirely assured as conservatives and some liberals were betting on softening the goal. Q1 2022 hedge fund letters, conferences and more T...
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In his podcast addressing the markets today, while commenting on China, Louis Navellier offered the following commentary. Recovering ChinaThe good news for global GDP growth is that China’s economic activity is recovering as its Covid-19 shutdowns ease. As an example, Tesla Inc (NASDAQ:TSLA) announced on Tuesday that its Shanghai plant was operating at 70% capacity. Both Tesla and VW Group (ETR:VOW3) also said that they would continue to keep their workers at their Shanghai manufacturing plants isolated in “closed loop” management systems until June 10th. Approximately 10,000 workers are stayi...
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Toyota Motor Corp (NYSE:TM) (TYO:7203), the largest automotive manufacturer, is being accused by critics of lobbying against the adoption of electric vehicles in the U.S. Congress. The Japanese giant is seeking support for a hybrid future where its interests lie. Q2 2021 hedge fund letters, conferences and more Playing Catch-UpFor Toyota, the automotive future is more hybrid than electric. This is why, according to The New York Times, a high-ranking senior executive for Toyota, Chris Reynolds, has apparently held meetings with members of Congress. With these encounters, sources say, the compan...
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