Morning Brief: Top Stories Dominating Financial Media on Wednesday, March 23
CNBC
US Approves $2.9B In Grant For Infra Projects
Stellantis Launches Venture Capital Fund Focused On Technology Innovations
Stellantis NV (NYSE:STLA) has launched its first venture capital fund, Stellantis Ventures. The fund will initially invest €300 million in startup…
Tesla Takes Fight to Rival Camp: EV Marker’s February Sales Trounce Volkswagen And Other Domestic Rivals In Germany
Tesla, Inc. (NASDAQ: TSLA) may have ceded some market share globally to rivals in the electric vehicle space, but it is still the undisputed leader. Data out of Germany, home to renowned legacy automakers which have ventured into EVs, vouches for that fact.
These Automakers Have Vowed to Catch Up With Tesla And Wrest EV Leadership: Is That A Stretch Goal?
Tesla, Inc. (NASDAQ: TSLA) by virtue of its first-mover advantage has maintained its pole position in the EV industry. The field, however, is getting crowded with the passing of each day, given government mandates, environmental concerns and the allure of the massive market opportunity.
Stellantis CEO Looks To Catch Up With Tesla In Coming Years
Stellantis NV (NYSE:STLA) CEO Carlos Tavares sees his company catching up with EV pioneer Tesla Inc (NASDAQ:TSLA) in the coming years, Reuters…
Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT
Russia’s attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look…
Why Ford Analysts See Reorganization As ‘Dawn Of New Era,’ Expect Other Automakers To Follow Suit
Ford Motor Company (NYSE: F) announced a reorganization plan Wednesday to separate its internal combustion engine and electric vehicle businesses.