🚗 Europe confirms the end of the internal combustion engine in 2035 - what does this mean for European carmakers? ⚡
European Commission has confirmed its plan to completely phase out the sale of new cars with internal combustion engines from 2035. The move is part of a wider strategy to decarbonise transport, but comes at a time when the popularity of electric cars is slowing... Read more
📅 This week's key events: Corporate results, macro data and tech dominance !📊
The new week brings earnings season in full swing, along with important economic indicators. Personally, I'll be focusing on the results Nvidia, Dell, HP a Salesforcewhile macro data like GDP per Q4 and data on PCE inflation will certainly be key to future market direction.
📉 American automotive industry under pressure! 🚗🌎 The news that Donald Trump plans to introduce 25% tariffs on goods imported from Canada and Mexico has sent shockwaves through the markets. Shares of companies like General Motors $GM and Stellantis $STLA-9.4% plunged by more than 8 %, while smaller players like Ford and Toyota have seen more modest losses.
Over the course of this year, $STLA-9.4%stock is down about 40%. I used to want to buy the stock, but I haven't. Now is a pretty good buying opportunity, but recent results have not been good.
I see that $STLA-9.4%stock is down over 10% this year and looks quite undervalued. To me, it's a quality company, but I want to take a closer look at it.
🚗📈 Mercedes-Benz and the important transition to electromobility! 🌱
Company results Mercedes-Benz for the first quarter 2024 reveals a decline in sales, but at the same time shows an increase in the share of electric vehicles.
Mercedes-Benz joins a group of European automotive giants that today reveal their financial results for the first quarter 2024.
Some time ago I wrote a status about Stellantis. I was very intrigued by the company, and of the automotive sector, I like this one probably the most. However, I still don't know at what price I should buy $STLA-9.4% stock. The current price doesn't seem bad to me, but I'd rather buy below $20.
What do you think about $STLA-9.4% stock and its price?
I have a feeling that somehow the bag of investors in $STLA-9.4% has been ripped open (probably due to very satisfactory results). Beware, it's not Tesla, but Stellantis - the world's fourth largest automaker in 2022. And if you haven't heard of this holding company, here are some brands you'll be familiar with.
The question is whether the end of the internal combustion engine is the right way to go and whether it will only harm European carmakers.