Hints and tips:
Related Special Reports
...This drives scarcity and increases both its prices and the resale value of its cars, helping the company enjoy the best margins in the auto industry....
...Auto sales, which rose 12 per cent over 2023, are one sign of lower prices supporting demand, though Loo said the auto data had been “volatile”....
...Hong Kong-listed shares in Chinese electric-vehicle maker Li Auto dropped 7 per cent on Friday, after the company slashed its January-March sales volume forecast due to lower than expected order intake....
...This spoofy action adventure is supposedly based on a novel by Elly Conway, which is indeed on sale at your local bookshop....
...As it conducts a strategic review that could result in a sale of the business, Sigma is in parallel pursuing a listing of its Brazilian unit on Nasdaq and the Singapore Stock Exchange....
...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...
...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...
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
...The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year, according to data pooled from suppliers and forecasters by one auto investor....
...“It has now caused a major headache for auto companies that rely on these ships....
...China’s auto industry is the world’s biggest across sales, production and, since last year, exports....
...In the midst of declining auto sales and rising interest rates, Carvana completed a debt restructuring last year, agreeing with bondholders such as Apollo Global Management to delay near-term cash interest...
...Your default choice would typically be to run a “dual track” process exploring a public listing alongside a sale — and then select whichever exit path will maximise your financial return....
...Regarded as one of China’s biggest challengers to Tesla, Nio has not turned a profit almost a decade after its founding, and is lagging behind local peers such as Li Auto and BYD in sales growth....
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...Some of the novel’s themes — childhood legacies, the power of language, the temptations of auto-fiction — echo those prominent in You, Bleeding Childhood (2023), a collection of short stories, also translated...
...Among those concerned about a swift rollout of electric vehicles is the United Auto Workers union, which has endorsed Biden for 2024....
..., we were back on the spine-crushing road, crossing rusting, rickety metal bridges and passing the odd roadside stall, bushmeat for sale — pangolins, porcupines, monkeys — hanging lifeless from a wire....
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
...Excluding petrol and autos, sales were up 0.6 per cent. October’s sales figure was revised to a decrease of 0.2 per cent from a fall of 0.1 per cent....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
...Ramsay, who came for a ski season in 1990 and never left (he now works as a sales manager for the Schilthornbahn), guides me to the Schiltgrathüsi, a tiny mountain restaurant hunkering beneath a thick mattress...
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
...In the third quarter, hybrid sales increased 47 per cent year on year to 951,000, as total vehicle sales rose 10 per cent....
...Combined, the two companies would have sales of roughly €25bn a year and employ 120,000 people over more than 100 production sites across the world....
International Edition