FIAT Brand Celebrates Arrival of All-new, All-electric Fiat (500e)RED in US With 'Inspired' Video
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Indonesia eases tax rules on EV imports in bid to attract investment
December 13, 2023 10:14 AM ESTThe Indonesian government released details of new regulations, signed December 8th, designed to attract investors looking to build electric vehicle (EV) plants in the country.
The new regulations will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built EVs until 2025.
Under the plan, companies that have already invested in EV plants, intend to boost their EV investments, or have plans for future investments in this sector... More
HSBC cuts Ferrari (RACE) to Hold, upgrades Porsche on China exposure
December 13, 2023 9:25 AM ESTHSBC Global Research downgraded Ferrari (NYSE: RACE) to a Hold rating (From Buy) and raised their 12-month price target on the luxury auto stock to $340.00 (From $325.00) as analysts believe consensus for 2024 appears stretched and the potential for an earnings surprise appears limited.
At the same time, HSBC upgraded rival luxury automaker, Porsche AG to a Buy rating (From Hold) and cut their 12-month price target on the stock to $100.00 (from $110.00) following the companys recent price correction.
During economic... More
