|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||887.29 - 887.29|
|52 Week Range||775.00 - 970.21|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||8.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance’s Alexis Christoforous speaks to Adam Shapiro who says this year’s New York Auto Show is all about crossovers with brands like Lincoln, Mercedes-Benz and Audi catching the eyes of spectators.
Trump faces a May 18 deadline over how to proceed with his threat to slap a tariff of as much as 25% on imported cars and parts in the name of U.S. national security. GM deferred comment on the tariff decision delay to industry representatives, while Ford declined to comment and Fiat Chrysler couldn’t be immediately reached.
Tesla (TSLA) stock caught a lot of grief last week after the company posted its first-quarter numbers. But it's still got the Model S. Not just a "pretty face," it can go 0 to 60 miles per hour in just 2.5 seconds, almost silently. It's one of the best cars on the road…But maybe not for long.Every automaker from Ford Motor (F) to Audi (AUDVF) is racing to build the "Tesla Killer." Now Enovate -- the premium brand from Chinese electric vehicle startup DearCC -- says it's got it.InvestorPlace - Stock Market News, Stock Advice & Trading TipsJust two model years from now, Enovate claims it will produce a new car with just about every futuristic feature carmakers are striving for -- from 5G connectivity, to 0 to 60 acceleration in under three seconds… a direct shot at TSLA. * 7 Energy Stocks to Buy to Light Up Your Portfolio But the car has two other features that really make me sit up and take notice.First is its self-driving technology. While this Enovate ME-S does have a small, digital steering control, it's intended to be tucked away into the dash during normal use. Instead, according to Enovate's specs, the car will start and stop, drive itself, park, and complete a trip -- known in the industry as Level 4 automation.Putting highly automated cars on the streets by 2021 is ambitious. But, ultimately, this is the future. And Elon Musk says Tesla will get there even sooner.However… there's one big roadblock, so to speak.Enovate says it can remove that. And if it does, it'll make all its rivals -- including Tesla's $5 billion "gigafactory" -- obsolete.That roadblock is the lithium-ion battery.Right now, they're in just about everything. But I don't blame you if you don't spend much time thinking about batteries……until they die.Imagine being stuck on the side of the road because your battery no longer holds much of a charge. Today, even the best smartphone runs this risk within about two years.Think of Samsung's "exploding phone," the Galaxy Note 7. If you got on a plane, you were warned by the flight attendants about this specific phone. It was literally catching on fire. And that was all due to a problem with its lithium-ion battery.I say this not to scare anyone, but just to illustrate what keeps electric car makers up at night.Now here comes our Chinese startup, Enovate - aiming to produce next-generation battery technology before anyone else.This battery has: * Better energy density, making it smaller, lighter, but more powerful. * Shorter charging time due to fewer materials, which could produce a stronger current. Enovate is boasting a charge time of 80% in 15 minutes. That's twice as fast as Tesla. * Better safety. Unlike what we use now, this battery does not have toxic, flammable liquid inside. In one memorable test, a battery startup called Ionic Materials shot its with a Remington .22. It took three bullets, did not catch fire, and kept working!So you can see why automakers are eager to get their hands on it. Enovate is just one.Volkswagen (VWAGY), which is planning to "electrify" all 300 of its car and SUV models by 2030, is working with a Silicon Valley startup to get this new technology. The company is already one of the largest car manufacturers in the world, and if it can meet expectations I look for it to become the largest manufacturer of electric vehicles in the next decade as well - largely thanks to this new battery.General Motors (GM), Ford, Toyota Motor (TM), Honda Motor (HMC), Mitsubishi Motors (MMTOF), Nissan Motor (NSANY), and Hyundai Motor (HYMTF) all want these next-generation batteries in their fleets as soon as possible.Audi, Porsche, Mercedes, and BMW (BMWYY), too. In fact, Germany is so eager to help its automakers outdo the Chinese, Japanese, and Americans that it's spending $1 billion on these batteries.I could go on…But as an investor, I'd rather own a pure play on the battery revolution. Invest Where "Big Auto" Is Dropping Major CashI often talk about "picks and shovels" investing. And that's because if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, at Investment Opportunities, I'm recommending companies that supply this new technology -- nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Any competitors that have it will CRUSH Tesla, which may as well flush all the money it's spending on lithium-ion batteries down the toilet.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.This breakthrough device could change just about everything in your life - from how you get around to how you communicate with others… even the way you think about the world.For early investors, this presents the kind of moneymaking opportunity that could turn a tiny initial stake into an absolute fortune.Folks who get in on this breakthrough now, BEFORE it's rolled out on a mass scale, will have the chance to be a part of perhaps the single largest legal creation of wealth in the last 25 years.I can share with you what I've learned and show you how to profit. Click here to learn more.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Will China's Huge New Innovation "Kill" Tesla Stock? appeared first on InvestorPlace.
MUNICH (Reuters) - Audi wants to sell its stakes in two development service providers, a German trade magazine reported on Monday, citing unnamed corporate sources. Automobilwoche said the Volkswagen subsidiary ...
While I was excited to hear that the German government is about to invest $1 billion in battery technology… I wasn't surprised.When I was a kid, the hottest cars were mostly all German: Porsche, BMW (OTCMKTS:BMWYY), Audi (OTCMKTS:AUDVF), Mercedes.Now they've all been supplanted by Tesla (NASDAQ:TSLA).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Model S is not just an electric car -- it's one of the greatest technological achievements of our age, with the ability to go from 0 to 60 miles per hour in just 2.5 seconds. It's one of the fastest production cars ever… and it's practically silent because it runs on batteries.Meanwhile, Germany, like several other European Union (EU) nations, is now flirting with recession. One big factor is that automakers are struggling to maintain factory output while cutting CO2 emissions by one-third (as mandated by EU regulators in December). * 7 AI Stocks to Watch with Strong Long-Term Narratives Why not kill two birds with one stone?By investing in battery technology, Germany can help its automakers compete with Tesla and ease their regulatory headache. Not to mention, catch up with Asia, which is way out in front of the battery boom.Applications for a piece of this $1 billion pie are due this month. It will be interesting to see what comes of it. Big Auto Wants In on the ActionWe know that Volkswagen (OTCMKTS:VWAGY) has applied. And this is a path they've been on for a while.Volkswagen's goal is for 25% of its cars to be fully electric by 2025. And by 2030, the company plans to "electrify" all of its 300 cars and SUVs. If met, that would be a game changer.I can tell you it's very ambitious, given where the battery industry is today. And to reach that goal, Volkswagen will need new technology.If batteries aren't something you normally give a lot of thought to -- until they die, usually at the most inconvenient time -- that's understandable. But it's not just their "lifespan" that's an issue:Current battery technology, lithium-ion batteries, relies on materials like cobalt… which is mined from conflict zones (mainly in the Democratic Republic of Congo) that are struggling to keep up with demand.And we all remember Samsung's exploding phones. You couldn't get onto a plane for a time without flight attendants warning you about the Galaxy Note 7 smartphone. That was all due to a fire risk with its lithium-ion battery.So, you can see why Volkswagen is eager for a new alternative.In fact, it's been working with a Silicon Valley startup to get one. And its new battery technology is a key part of Volkswagen's 2025 goal. The company is already one of the largest car manufacturers in the world, and if it can meet expectations I look for it to become the largest manufacturer of electric vehicles in the next decade as well.Continental (OTCMKTS:CTTAY), a key supplier to these German automakers, also wants in on this very same battery technology.General Motors (NYSE:GM), Ford (NYSE:F), Toyota (NYSE:TM), Honda (NYSE:HMC), Mitsubishi (OTCMKTS:MMTOF), Nissan (OTCMKTS:NSANY), and Hyundai (OTCMKTS:HYMTF) all want this new battery in their fleets as soon as possible.Audi, Porsche, and Mercedes, too. BMW has already signaled that it will apply for Germany's grant so it can research this new technology.Even if BMW doesn't produce the new battery itself… it can understand how to get the best from its suppliers. Investing in the SourceThese are major, multinational companies.But as an investor, I'd rather own a pure play on the battery revolution.I often talk about "picks and shovels" investing. And that's because, if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, I'm recommending companies that supply this new battery technology -- nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Any competitors that have it will CRUSH Tesla, by making its $5 billion "gigafactory" -- with the old lithium-ion batteries -- obsolete.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Why Germany Is Investing $1 Billion In Battery Technology appeared first on InvestorPlace.
SAN DIEGO, April 5, 2019 /PRNewswire/ -- AUDI AG (AUDVF), Ericsson (ERIC), SWARCO Traffic Systems GmbH, the University of Kaiserslautern and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (QCOM), today announced the world's first cross-border demonstration for C-V2X direct communication. The companies, which formed the Connected Vehicle to Everything of Tomorrow (ConVeX) consortium in 2016 to carry out the first announced C-V2X trial based upon the 3rd Generation Partnership Project's (3GPP) Release 14, participated in cross-border digital testbed Project Day today in Schengen, Luxembourg, at the new trilateral testbed hosted by France's Ministry for the Ecological and Inclusive Transition, the German Federal Ministry of Transport and Digital Infrastructure (BMVI), the Luxembourg Ministry of Mobility & Public Works, and the Luxembourg Ministry of the Economy.
While the public is asking, "When are we going to ride in autonomous cars?,"technology companies have been moving apace to test them on designated roads
INGOLSTADT (Reuters) - Audi will make greater use of vehicle platforms and technologies developed with Porsche and Volkswagen as it embarks on a 15 billion euro cost cutting and efficiency drive, Chief ...
INGOLSTADT, Germany (Reuters) - Volkswagen's premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand's China chief Alexander Seitz said ...
said he will present the details of Audi’s strategic realignment at the general meeting in May. The company said it is negotiating with labor representatives about plant allocations and other things. Parent Volkswagen said this week that it plans to cut up to 7,000 administrative jobs at its namesake brand amid efforts to slash costs and free up cash for investments into electric and self-driving cars. Audi said it expects deliveries to rise moderately this year and forecast and adjusted operating margin of between 7% and 8.5%.
Audi earnings fell in 2018, hit by costs related to stricter emissions-testing rules in Europe and the outfall from parent Volkswagen’s diesel scandal.
Volkswagen's premium auto brand Audi plans to eliminate one layer of management or about 10 percent of the division's executive positions in a cost cutting drive, the unit's chief executive told daily Handelsblatt. "One thing is clear, our cost base is too high," Audi CEO Bram Schot was quoted as saying. Audi said in December it would invest 14 billion euros through 2023 in electric mobility, digitalisation and autonomous driving.
Audi workers in Hungary reached a deal on a wage increase on Wednesday, ending a strike that has paralysed the carmaker's plant in Gyor, western Hungary, since last Thursday, the AHFSZ trade union said on its Facebook page. Audi spokeswoman Judit Mithay-Marko confirmed that a deal had been reached. The strike of thousands of workers led to a halt in production at the German carmaker's local unit which contributes an estimated 1.4 percent to Hungary's gross domestic product.
Support for a strike that last week shut Audi's massive Hungarian plant increased over the weekend, the union said on Monday, and the disruption in supplies has led to a halt in production at the carmaker's home factory in Germany. Tibor Szimacsek, a spokesman for the AHFSZ union that called out all 9,000 of its members from the Gyor plant on Thursday in a dispute over pay, said the union's ranks swelled by another 300 workers at the weekend. On Monday, there was a gathering of about 4,500 workers at the plant, Szimacsek said, to give support to an unusually powerful show of labour strength in Hungary, where large strikes are uncommon.
Volkswagen's premium brand Audi wants to cut costs by 15 billion euros (13.04 billion pounds) by 2022, Germany's Manager Magazin business monthly reported on Thursday, citing Audi executives. The cost cuts would help finance projects such as a shift to electromobility at Audi, the magazine said. A spokeswoman for Audi said cost-cutting plans had not yet been finalised, but that the scale of cuts reported by the magazine was correct.
Audi's (NSUG.DE) Hungarian factory, one of the largest production plants in the Volkswagen (VOWG_p.DE) group, shut on Thursday as workers began a one-week strike for higher wages. "Work has come to a complete stop at the entire plant," AHFSZ spokesman Tibor Szimacsek said. The Hungarian economy has grown by more than 4 percent in the last two years, and has become increasingly reliant on car manufacturers and their subcontractors.
Workers at German carmaker Audi's (NSUG.DE) Hungarian business will go on a one-week strike for higher wages from Thursday, the president of the AHFSZ trade union was quoted by state news agency MTI as saying on Wednesday. The official, Sandor Nemeth, told a news conference in Gyor, the Western city where the plant is located, that the union -- which held a two-hour warning strike on Friday -- would continue wage talks with Audi, part of the Volkswagen (VOWG_p.DE) carmaking group. Audi has offered a total 20 percent wage increase for this year and next, but the union whose claims include an immediate 18 percent increase rejected that, Nemeth said.
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG's (VOWG_p.DE) luxury Audi unit as part of the U.S. government's investigation into the German automaker's diesel emissions cheating scandal, according to court documents. VW admitted in September 2015 to secretly installing software in nearly 500,000 U.S. vehicles to cheat government exhaust emissions tests and pleaded guilty in 2017 to felony charges. In total, 13 people have been charged in the United States, including the four Audi managers.
Workers at German carmaker Audi's plant in the Hungarian city of Gyor were to go on a two-hour warning strike on Friday as they try to force the company to narrow the wage gap between their salaries and those of Western and regional peers. Audi, a unit of Volkswagen group, has invested billions of euros in Hungary and operates one of its largest production facilities worldwide in the central European country. The Audi Hungaria Independent Union said it had rejected the most recent offer from the company, which was for a 10 percent wage increase now and another 10 percent in January 2020.
Jan 16 (Reuters) - The London Electric Vehicle Company (LEVC), which makes the city's popular black taxis, named former Audi executive Joerg Hofmann as its new chief executive, succeeding Chris Gubbey ...
---Companies Continue Joint Efforts for Roadside Safety, Traffic Efficiency and Automated Driving-- LAS VEGAS , Jan. 7, 2019 /PRNewswire/ -- Audi AG (NASDAQ: AUDVF), Ducati, Ford Motor Company (NYSE: F), and ...