Volvo Switches to Electric Cars

DAILY BASKET – NEWS COMMENTARY

Volvo Switches to Electric Cars

MARSAL COMMENTS: As off 2019, Volvo will phase out petrol engines and produce electric cars. All the other big manufacturers are already in different stages of producing electric cars (pure or hybrid). Tesla, the US electric car manufacturer, will face serious and increasing competition from the big boys armed with economies of scale, marketing muscle power and deep pockets. Continue reading “Volvo Switches to Electric Cars”

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The Crazy Wonders of Stock Markets

DAILY BASKET – NEWS COMMENTARY

The Crazy Wonders of Stock Markets

MARSAL COMMENTS: The price of the shares of Tesla, the American electric car manufacturer, has risen in the stock market to a point where its value is greater than that of General Motors! Its market value has reached US$ 51.5 Billion, while General Motors’ market value is US$ 50.2 Continue reading “The Crazy Wonders of Stock Markets”

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