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Big Money Is Still Making Huge Bets on Electric Vehicles


Big Money Is Still Making Huge Bets on Electric Vehicles
FN Media Group Presents Oilprice.com Market Commentary
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LONDON, June 2, 2021 /PRNewswire/  Hundreds of billions of private dollars are being poured into the EV industry … and that s on top of Biden s $174 billion for subsidies and charging stations. There is no stopping the surge.   Mentioned in today s commentary includes: 
Tesla (NASDAQ:TSLA),
General Motors (NYSE:GM),
Ford (NYSE:F),
Blink Charging (NASDAQ:BLNK).
General Motors is investing $27 billion in EVs over the next five years. It used the Superbowl for its breakout. Now, it s mainstreaming them as the all-American car choice.  ....

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Daimler: Q1 Earnings Insights


Company s 52-week low was at $28.42
Price action over last quarter: Up 8.35%
Company Profile
Based in Stuttgart, Germany, Daimler makes premium passenger vehicles, commercial trucks and vans, and buses. Brands include Mercedes-Benz, AMG, Maybach, Freightliner, Western Star, Fuso, Thomas Built, BharatBenz, Setra, and Orion. Daimler Mobility provides the company s dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Daimler owns 3.0% each of Renault and Nissan, 11.9% of Aston Martin, 15.0% of Russian truck maker Kamaz, and 9.6% of Beijing Automotive Group. Li Shufu, chairman of Chinese automaker Geely Automobile, owns 9.7% of Daimler. Other major shareholders include Kuwait Investment Authority at 6.8%, Beijing Automotive group at 5.0%, and Nissan at 1.5%. ....

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Pacific Aerospace boss during North Korea export sanction breach now works for NZTE


Pacific Aerospace boss during North Korea export sanction breach now works for NZTE
12 Apr, 2021 05:00 PM
4 minutes to read
Pacific Aerospace s P-750 aircraft is popular for skydiving. Photo / Supplied
Trade promotion agency NZTE says its employment of the man who headed an aircraft maker fined for breaching United Nations sanctions by indirectly exporting replacement parts to North Korea considered his extensive experience of running
an export business.
Damian Camp was chief executive of Hamilton-based Pacific Aerospace when it pleaded guilty in 2017 to three breaches of the UN sanctions against North Korea and one charge under the Customs and Excise Act.
He left Pacific Aerospace in 2019 after 12 years as chief executive. He is now an NZTE customer manager for specialised manufacturing, a job he s held since September. ....

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