Alliancebernstein in the News
Automakers monitoring port strike for impacts on production
The strike by unionized dockworkers at East and Gulf Coast ports has the potential to disrupt auto manufacturers' production due to delayed shipments of auto parts.
Volvo reverses goal to make only EVs in 2030
Volvo announced that it is moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.
Biden admin ramps EV spending in swing states as election nears
The Biden administration announced $1.7 billion in grants for EV projects and retooling auto manufacturing facilities in eight states, including several critical swing states.
Frigidaire recalling nearly 400K refrigerators because plastic can break off into ice bucket
Electrolux, Frigidaire’s parent company, has received 343 reports of plastic breaking off into the ice bucket and two reports of consumers being cut by the plastic or hurt after ingesting it.
UAW workers, Volvo-owned Mack Trucks reach 'tentative' deal to avoid strike
About 4,000 workers represented by the United Auto Workers have reached a temporary deal with Volvo Group-owned Mack Trucks, ahead of a potential strike.
Electric Polestars join Teslas in Hertz rental fleet
Volvo-owned Polestar has begun delivering electric vehicles to Hertz, where they will be available to rent alongside the Tesla Model 3 and Model Y.
MGM Resorts offers $607M for Swedish online gambling company
MGM Resorts International has made an offer to acquire LeoVegas AB, a European mobile gambling operator, for $607 million.
BMW suspending vehicle exports to Russia
German carmaker BMW joins other corporations in getting tough against Russia.
Russia-Ukraine war: Global shipping titans suspend bookings to, from Russia
Several global shipping giants have suspended bookings to and from Russia amid the country's invasion of Ukraine.
Volvo, Daimler Truck suspend business in Russia
Volvo and Daimler Truck have suspended some operations in Russia in the wake of the invasion of Ukraine. Volvo is no longer shipping cars to Russia and Daimler Truck parent Mercedes-Benz is looking for ways to divest from investments in the country.