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Volkswagen AG (0P6N.L)

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237,632,995,000.00+233.43 (+0.00%)
At close: 6:07PM EDT
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    Yahoo Finance

    How Formula E racing is a testbed for the future of EVs

    Season 7 of the Formula E World Championship, the FIA-sanctioned open-wheel electric racing league, is nearing a close after the exciting last two races at the New York City street circuit in the Red Hook neighborhood of Brooklyn. And while excitement is good for motorsports, that’s not the only reason why big manufacturers and brands spend small fortunes to compete in, and sponsor, racing.

  • German EV Startup E.GO Weighs Listing Options Including SPAC
    Bloomberg

    German EV Startup E.GO Weighs Listing Options Including SPAC

    (Bloomberg) -- German EV hopeful Next.e.GO Mobile SE is in talks to go public through a blank-check company or an initial public offering that could value the manufacturer of compact cars for shorter trips at as much as 2 billion euros ($2.4 billion).The company, saved from insolvency last year, may go through with the plan within the next 12 months, Chairman Ali Vezvaei said in an interview.“There are advantages to both and we’re examining our options,” Vezvaei said, while the company has plans

  • EU to Urge 2035 Goal to End Combustion-Engine Era in Autos
    Bloomberg

    EU to Urge 2035 Goal to End Combustion-Engine Era in Autos

    (Bloomberg) -- The European Union is set to propose all new cars sold from 2035 should have zero emissions, as part of an unprecedented plan to align its economy with more ambitious climate targets.The European Commission, the bloc’s regulatory arm, plans to require emissions from new cars and vans to fall by 65% from 2030 and drop to zero from 2035, according to an EU document seen by Bloomberg News. The tougher pollution standards will be complemented by rules that will oblige national governm