Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional […]
Tag: Volkswagen AG
Tesla is an ‘existential threat’ to automakers
Tesla has shown it presents a significant risk to legacy automakers as the electric vehicle market grows more crowded, Oppenheimer analyst Colin Rusch told CNBC on Monday. Rusch became the biggest Tesla bull on Wall Street earlier in the day, when he raised his price target on the stock by nearly 60% to $612 per […]
European stocks close lower as US imposes fresh sanctions on Iran
European stocks closed in negative territory on Friday, paring earlier gains after the U.S. announced fresh sanctions on Iran. The pan-European Stoxx 600 had dipped below the flatline by the closing bell, with most sectors and all major bourses in the red. The blue-chip stock index closed lower by 0.12%. The FTSE 100 in London […]