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...Smaller rival H&R Block trades on a multiple of only 12 times. But this premium has more to do with bog-standard accounting than cutting-edge tech....
...CD&R bought MFG for £500mn nearly a decade ago....
...Amid an industry-wide shortage, Addison Lee has also started using freelance drivers with their own cars to help increase capacity. The company now had 7,500 drivers, he said....
...However, Musk was deliberately vague about whether he was talking about a new so-called “Model 2”, the mass-market car he announced in January with a rumoured $25,000 price tag....
...Being big also means that necessary investments, in new models and R&D, are less of a drag. Capex and R&D will come in at less than 7 per cent of sales, says Philippe Houchois at Jefferies....
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
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...Xi and his advisers have largely eschewed handouts to households, other than a mooted scheme to help consumers trade in home appliances and cars....
...Cedar Fair pays a quarterly dividend while Six Flags does not. As such, shareholders in the latter will get at least a $1 cash payout before the closing....
...But they also want to know whether Elon Musk’s company is in the midst of a major change in direction, after reports that it was slowing plans for a cheaper $25,000 electric car — known unofficially as the...
...On the realistic end is a $25,000 vehicle and cheaper assembly process. But one day, he says, Tesla and SpaceX may create something that is not “even really a car”....
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...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...Stellantis has unveiled a R$30bn (US$6bn) programme to upgrade car production in Brazil, joining a $14bn wave of investment pledges by global carmakers in Latin America’s largest economy this year....
...Chief executive Elon Musk said in January that Tesla was preparing to start production of a new lower-cost car next year, priced at $25,000 and dubbed Model 2....
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...Meanwhile, an electric car uses nearly three times as much copper as its petrol counterpart. EV charging stations use large amounts and should amp up demand further....
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
...Adrian Lewis, Inchcape’s chief financial officer, said there were several offers for its retail sites and following the deal, Inchcape would largely be a “pure-play” car distribution company....
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