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...Several auto groups have begun contingency planning around plants and investments. “Our expectation is that the border effectively closes,” said one senior executive. “We have to plan for that.”...
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...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
...This shift will have major ramifications for both the auto industry and the energy sector.”...
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...Scaringe said that executives at the company still “firmly believe in the full electrification of the auto industry, but recognise in the short term the challenging macroeconomic headwinds”....
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...This group of investors generally views Robotaxi (i.e. fully autonomous vehicles running on the Tesla network) as a very long-dated opportunity....
...The closely watched election underscores the resurgence of the labour movement in America....
...Research, a Beijing research group....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Trade group Airlines for America said that carriers “offer transparency and vast choice to consumers”, and that average domestic round-trip fares, including with ancillary fees added, were 14 per cent lower...
...The lull in EV sales is having a damaging impact on the auto industry....
...Before meeting Musk, the president, who has expressed a spiritual interest in Judaism, travelled to Miami, where he was honoured as “an international ambassador of light” by a Jewish community group for...
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...lawsuits, including against Apple and Netflix and one against payments company Klarna, which it accused of unfairly withholding €400,000 owed in exchange for Escobar-branded mobile phones sold on the fintech group...
...He said the “unprecedented” move was designed to ensure America maintained what he said was its “dynamic auto industry”....
...The company is expanding among a clutch of Chinese auto groups in Europe, with plans to launch a cheaper brand in the region in 2025....
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