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Starting in 2025, car insurance type classes in Germany will be updated, affecting over 12 million vehicle owners. Approximately 5.1 million will see lower premiums, while around 7.1 million may face increases. The German Insurance Association determines these classifications based on claims data, impacting liability and comprehensive coverage costs.
Starting in 2025, car insurance type classes in Germany will be updated, affecting over 12 million vehicle owners. Approximately 5.1 million will benefit from lower costs, while around 7.1 million may face higher premiums. The German Insurance Association determines these classifications based on claims data, impacting liability and comprehensive insurance rates.
Rohan Patel, a former Tesla executive, highlights the contrasting support for electric vehicles (EVs) under Trump and Biden. While Trump’s administration favored foreign-made vehicles and neglected tax credits for early EV leaders like Tesla, Biden's policies revived substantial incentives and support for domestic manufacturing. The NEVI program, with $5 billion allocated over five years, aims to enhance EV infrastructure, while recent reforms to the 30C tax credit significantly boost investments in charging stations.
Copper, known as "the gold of the energy transition," is crucial for sustainable energy systems due to its excellent electrical conductivity. Despite a recent sharp correction driven by weak economic data from the USA and China, experts suggest this could be a prime entry opportunity for investors. Additionally, three promising copper stocks are highlighted for their potential to benefit from a future price rise.
Mercedes-Benz Group AG is facing declining sales and profits as the luxury automotive market feels pressure from Chinese manufacturers like BYD Co. These companies are redefining "Made in China" as a symbol of luxury in the electric vehicle sector, challenging established brands in Europe and beyond.
Mercedes-Benz has reported a significant decline in profits, attributed to challenges in cooling electric vehicles and a sharp drop in sales in China. The company's financial performance reflects the ongoing struggles in adapting to the evolving automotive market.
UBS AG has maintained a "Buy" rating for Mercedes-Benz Group, setting a target price of 72 euros, despite quarterly profitability falling short of consensus estimates. The share price dropped 2.7% to EUR 56.78, reflecting a 1.6% decline since the start of 2024, with 487,913 shares traded. The company is set to release its Q3 2024 results on October 25, 2024.
UBS AG has maintained a "Buy" rating for Mercedes-Benz Group shares, setting a target price of €72, despite the car division's profitability missing consensus estimates. The stock fell 2.05% to €56.99, but analysts noted solid free cash flow and a positive outlook for Q4 2024.
UBS has maintained a 'Buy' rating for Mercedes-Benz, setting a target price of 72 euros following the company's quarterly results. While profitability in the car division aligned with UBS's forecasts, it fell short of consensus estimates. However, solid free cash flow and an improved outlook for the fourth quarter were confirmed.
UBS has maintained its "Buy" rating for Mercedes-Benz Group, setting a target price of 72 euros following the release of quarterly figures. While profitability in the car division aligned with UBS's forecasts, it fell short of consensus estimates. However, solid free cash flow and a positive outlook for the fourth quarter were confirmed.

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