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...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...The people with knowledge of Tesla’s plans said it would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat...
...The takeover of Inchcape’s dealerships will give New York-listed Group 1 Automotive which has outlets in London, sites in the northern part of the UK....
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...Florida-based Jabil, which designs and makes electronic components used by the automotive, defence and data centre industries, warned of “revenue headwinds this year”, though the company’s chief executive...
...Look at the company’s spending decisions and it seems as if everything is targeted towards addressing the 13 per cent drop in automotive revenues....
...Rivian reported a net loss of $5.4bn in 2023, improving from a $6.8bn loss a year earlier. It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of 2022....
...Excluding the effects of regulatory credits, the gross margin from its automotive unit — a closely watched measure of its core operations — fell to 16.4 per cent for the quarter, down from 19 per cent a...
...Brian Costell, a neurologist at First Choice Neurology in Boca Raton, Florida, and is one of the most prolific prescribers of Leqembi, said he did not understand why the FDA was “pushing the brakes” on donanemab...
...conference in Florida....
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...Ansys, which has headquarters in Pennsylvania and has its origins in structural analysis tools, makes engineering simulation software used in industries from automotive and construction to healthcare and...
...Apple had been betting on that future, with one of the few elements of the company’s automotive project that it had publicly acknowledged being its attempts to master self-driving technology....
...April 4 to 28; further information and tickets here ‘La bohème’ and ‘Swan Lake’, Arsht Center Florida Grand Opera presents Puccini’s portrait of bohemian Paris in the 19th-century....
...Texas, Florida, Missouri and other GOP-led states followed suit with anti-ESG initiatives and divestments....
...Daniel Kollar, an automotive expert at consultancy Intralink, said Tesla’s China performance had remained strong but the company faced challenges from local competition, a renaissance of hybrid cars and...
...Florida’s governor Ron DeSantis has this week signed a bill to ban under-14s in the state from social media accounts and make platforms erase any already created....
...His meetings come on the back of an audience with former president Donald Trump in Florida. Meanwhile, Russia’s foreign minister Sergei Lavrov is in Beijing....
...The Florida-based airline has already paid Spirit shareholders $2.50 a share upon the target’s successful shareholder approval vote....
...“In the automotive space, not everyone can win,” and right now, it is “the Wild West out there”....
...Last year, Bird reported revenues of $244.7mn and a net loss of $358.7mn. Filings at the bankruptcy court in southern Florida showed that Bird had estimated assets and liabilities of $100mn-$500mn....
...Its enterprise value-to-ebitda multiple of 12 times remains substantially higher than its pre-pandemic multiple of around 8 times....
...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
...The acquisition by Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly...
...Pendragon, one of the UK’s largest automotive retailers, is to sell all of its car dealerships for £280mn and focus on software, ending a tumultuous period in which the company’s attempts to sell itself...
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