Hints and tips:
Related Special Reports
...“It will be a European-market Seagull, a new Seagull,” BYD senior executive Stella Li told reporters, including the UK’s Auto Express, in Shenzhen....
...UnitedHealth Group’s OptumRx and Cigna’s Express Scripts, the two other large PBMs, have continued to give Humira preferred placement on their formulary lists as AbbVie has offered them bigger rebates....
...If the auto business is worth 3 or 4 times the multiple of a Stellantis or Volkswagen, then it would get a forward PE of, say, 20x....
...Barbie Inc: An increasing number of films revolve around the origin stories of everyday objects. Is Hollywood’s basket of ideas finally empty?...
...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.”...
...The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Greenlight’s letter stated that Vitesco should not accept any offer below a “conservative valuation” of €150 per share, making it the second shareholder to publicly express discontent with Schaeffler’s offer...
...The established auto industry has been warning for months that mainstream buyers remain sceptical of electric cars because of their higher prices and need to recharge....
...That would put Tesla’s auto profitability back to where it was in 2017, shortly after the launch of the Model 3. Will the margin guidance be any better? And even if it is, will it be believed?...
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Here’s why: GS says they assume auto production will fall to “roughly zero” at every company where workers go on strike....
...Younger shoppers’ penchant for Apple Pay, auto-fill payments and buy now, pay later services is eroding the company’s share of the online payment market it once dominated. Growth has sputtered....
...China’s auto exports hit a record 4.9mn last year, up from 1.1mn the year prior, as the nation overtook Japan as the world’s biggest car exporter....
Also in this newsletter: Germany searches for far-left militants wanted since the 1990s
...As Peter Campbell laid out in the Financial Times yesterday: The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year . . ....
...But when Santa returned from his pandemic break, the Express Lane was no more....
...The lull in EV sales is having a damaging impact on the auto industry....
...Set your WhatsApp messages to auto-delete: foreign spies might be reading them....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
International Edition