UBS on how to invest in EVs, rising electric vehicle adoption

UBS on how to invest in EVs, rising electric vehicle adoption

Demand for electric vehicles is expected to boom in the coming decades — and UBS has identified a theme for investors to cash in on that electrification. UBS said that increasing amounts of electronic content within vehicles will lead to new supply chains, as automakers increasingly work directly with semiconductor firms and new tech players. … Read more

Volkswagen CEO Diess is stepping down in surprise move

Volkswagen CEO Diess is stepping down in surprise move

New York CNN Business  —  Volkswagen’s CEO is leaving his post in a surprise move, effective September 1. The company announced Friday that CEO Herbert Diess will be replaced by Oliver Blume, the head of Volkswagen (VLKAF)’s Porsche performance car division. Volkswagen, the world’s second largest automaker, did not provide a reason for Diess’ exit. … Read more