Gores Guggenheim drops as automotive industry feels Ukraine impact

  • NASDAQ:GGPI fell by 1.81% during Tuesday’s trading session.
  • The automotive industry is making a statement in support of Ukraine.
  • Polestar releases photos of its 2024 Polestar 4 hatchback model.

NASDAQ:GGPI kicked off the month of March on the back foot as the pre-merger SPAC stock closed lower as EV stocks declined. Shares of GGPI fell by 1.81% and closed the first trading day of the month at $10.86. It was another tumultuous day for the markets as all three major indices took a nosedive. The situation in Ukraine has intensified and the price of oil surged to a seven-year high on fears of further Russian attacks. The Dow Jones plummeted by 597 basis points, the S&P 500 dropped by 1.55%, and the NASDAQ fell by 1.59%.

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The automotive industry is doing its part to condemn the Russian attacks as several automakers have

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2021 Hyundai Santa Fe looks and feels like a million bucks

As with passenger comfort and high-quality trimmings, there’s no shortage of available tech in this vehicle. Lower-end models now gain an 8-inch infotainment screen (1 inch larger than before), but fancier variants come with a 10.3-incher that also features embedded navigation. Limited and Calligraphy trims are graced with a 12.3-inch digital instrument cluster, though this is optional on the midrange SEL trim. Apple CarPlay and Android Auto are standard across the range, though counterintuitively, they only connect wirelessly on the Santa Fe’s more basic grades. The up-level infotainment system is easily one of the better offerings available today, being both easy on the eyes and speedy. The user interface is also extremely intuitive and the system promptly responds to inputs, almost never stuttering or lagging. Really, there’s nothing to gripe about here, though the same can’t be said about the drivetrain.

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