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A Tesla collapse would boost European carmakers, Bernstein Says

Germany's car industry, including Volkswagen AG and supplier Continental AG, stands to gain in both business and stock prices should Tesla Inc.'s precarious finances lead to the US electric-vehicle manufacturer's collapse, according to analysts at Sanford C. Bernstein & Co.

Giant Swedish battery factory gets major backing

The European Investment Bank (EIB) has given an in-principle commitment to supply a credit facility of EUR 350 million to Swedish Northvolt's forthcoming battery factory. The EU Commission calls it a milestone.

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