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...Shareholders and top bosses at General Motors, Ford and Stellantis have fared far better than workers in the past five years, as the US auto industry enjoyed a stunning recovery following the 2008 financial...
...The NBS struck a more positive tone on Saturday, reporting that in the first quarter, electronic industry profits were 82.5 per cent higher year on year, while auto manufacturing profits were up 32 per cent...
...Some opportunistic buying seems to be happening in the auto sector....
...The UAW has outsized political influence in Michigan, a key swing state. Michigan voted for Donald Trump in 2016, but chose Biden in 2020, when the president received a UAW endorsement....
...Adidas expects its key Chinese market to sustain a recovery this year, in a boost for the world’s second-largest sportswear brand as it struggles with a slowdown in the US....
...“difficulties and challenges that must be tackled to achieve further economic recovery”....
...The hints of recovery follow a brutal period for developers....
...Tu Le, founder of the Sino Auto Insights consultancy, said local rivals including Xpeng, Nio and Li Auto had their own self-driving systems and would drop their prices “the second” they thought consumers...
...How fast to ramp up EV production is a key — possibly the key — decision being taken in automotive boardrooms currently....
...Musk remains convinced that the company’s bet on self-driving technology, which has led to several fatalities, will be its key differentiator in the future....
...Auto loans have been a bright spot for them amid a sluggish recovery in broader loan growth. But cracks are appearing. Loan delinquency is rising and used-car prices are falling....
...Sustainability was a key part of the architectural mandate, too....
...Smartphone sales have declined in the past two years but, Haas said last month, are starting to show signs of recovery....
...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....
...The battery maker’s second consecutive decline in quarterly sales highlighted the impact the EV slowdown was having on key suppliers....
...Turkish Airlines boosted its available seat kilometres (ASK), a key industry metric for capacity, by about 25 per cent last year from 2019 as it expanded its route map and fleet of aircraft....
...It is on the road to recovery,” he said. “It is happening a little quicker than we thought.”...
...We need look no further than the unfolding failure of the US auto sector to compete with new Chinese companies on electric vehicle technology and price, to see the absurdity of describing recent policies...
...We are a key component in this mobilisation of capital,” he said....
...But key recycling policies and strategies are also needed. These include regulations on the level of recycled content in end products and on final recovery rates for materials at end of life....
Government set to launch a consultation on key policy change
...In Asia, Heineken benefited from an economic recovery in Vietnam, one of its key markets, which helped boost Asia Pacific volumes by 9.4 per cent....
...Instead, Hohenshell sees a different motive: Toyota wants to halt the march of the United Auto Workers. “It’s a bribe,” he said....
...This is less punitive than if the UAW had opted to strike key component plants (ie, engine or transmission plants)....
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