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...sign of improving investor sentiment towards Chinese-linked stocks, the Hangzhou-based premium car brand, carved out of China’s privately held Geely group, raised $441mn in New York from the sale of 21mn American...
...The company blamed in part softer demand in the Latin American region compared with the same period last year. However, Uber said demand remained “robust” across its delivery and mobility businesses....
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...Transport is the largest source of US carbon dioxide emissions....
...United and American also wrote letters in January 2023 to oppose the rule, saying they already furnished consumers with information on fees....
...Morgan Stanley’s autos analyst has been moved to aphorise by Elon Musk’s surprise visit to Beijing....
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
...The lull in EV sales is having a damaging impact on the auto industry....
...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....
...In China, by far the biggest auto market, BYD’s low-cost pure battery and plug-in hybrids account for about one-third of all new electric vehicles sold....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
...They successfully sued to unwind the American and JetBlue alliance in the north-east, and are trying to block JetBlue’s proposed takeover of Spirit....
...The score for Tesla, with its transformational contribution to the shift away from fossil fuel in road transport, is just 40, below all of the world’s five biggest listed tobacco companies....
...Shares in American and Alaska closed up 10.3 per cent and 4.5 per cent, respectively in New York trading, while Southwest dipped 2.3 per cent....
...It delivers about a quarter of American parcels. UPS trucks haul the equivalent of 6 per cent of the country’s gross domestic product....
...At the same time, Bird had to contend with competition from European and American scooter start-ups. There was also a regulatory backlash....
...The decision could make it harder to reshape the industry — particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers: American...
...US federal regulators have temporarily grounded some Boeing 737 Max planes in American airspace after a section of an Alaska Airlines jet blew out in mid-air....
...It is notable that American still believes this quarter will be profitable, even if meaningfully less. There will be more bumps on the way down....
...American forces launched a second raid on Saturday....
...The chaotic used-car market of the pandemic was no fun for Americans who suddenly needed a fresh set of wheels....
...That was followed by new safety guidelines in December for the use of autonomous vehicles in public transport....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
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