Volkswagen's stock rebound leaves Daimler and BMW in the dust
Milan
VOLKSWAGEN AG's rebound from the diesel emissions scandal and an upgraded earnings forecast has helped the stock to surge ahead of its German peers.
VW's preference shares returned 23 per cent this quarter through Friday, the best among European motor stocks, while Daimler AG has gained 5.3 per cent and BMW AG is little changed. Porsche Automobil Holding SE, which owns a majority of VW common shares, has done even better - advancing 31 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed