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...One of Tesla’s biggest challengers in China has called on the US government to offer Chinese electric vehicles equal access to the American market, arguing carmakers should not be enmeshed in political tensions...
...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....
...Quick links BHP has made a $39bn bid for Anglo American. Aside from securing copper tonnes on the cheap, Lex can’t see many benefits....
...Fink said at the time that the debate references were “a sad commentary on the state of American politics”....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...face of an EU trade investigation into the Chinese EV industry and the Biden administration’s Inflation Reduction Act (IRA), which does not allow Chinese companies to benefit from generous subsidies on American...
...Ford dominates the North American pick-up market so its chief executive was curious to look at the competition....
...One official said the US was most concerned about solar panels, electric vehicles and lithium-ion batteries....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...SSG’s co-investors include a who’s who of American billionaires, from New York Mets owner Steve Cohen to Atlanta Falcons owner Arthur Blank....
...At the same time, Bird had to contend with competition from European and American scooter start-ups. There was also a regulatory backlash....
...The head of IF Metall, Sweden’s largest industrial union, now has the chance to take part in an even bigger Swedish cultural event involving a powerful American: the 59-year-old has set the country’s unions...
...The advertisement, one in a series the car rental company has done with Brady, was part of its campaign to display its heavy investment in electric vehicles, which the company claimed would be revolutionary...
...bank would later withhold millions of dollars in bonuses from the two previous CEOs, Boris Collardi and Bernhard Hodler, after it was sanctioned by Finma, Switzerland’s financial regulator, over a South American...
...But the fate of TikTok, which 170mn Americans use to share and flip through short videos, is far from certain as the bill heads to the Senate....
...The chaotic used-car market of the pandemic was no fun for Americans who suddenly needed a fresh set of wheels....
...Its PacifiCorp electric utility, which has operations in Oregon and California, paid $631mn in settlements over wildfires last year....
...BHP, Rio Tinto, Glencore, Anglo American and Vale have an average price to forward earnings ratio of 8.5 times versus 18.5 for the S&P 500, according to S&P Capital IQ and Refinitiv....
...Home Depot foresees flat sales in 2023. It believes earnings will be slightly lower as Americans shift consumption towards services instead of the goods that were in demand during the pandemic....
...The moves are happening as electricity consumption rises in response to demand from sources such as electric vehicles and data centres....
...Volkswagen this week announced that it may adopt Tesla’s North American Charging Standard. The German car company’s move matters....
...Rivian said last month it would build trucks and vans that use Tesla’s North American Charging Standard for connectors starting in 2025....
...Still keen Panasonic Energy still plans to build a third electric vehicle battery plant in the US despite scrapping a tentative plan last year to construct a facility in Oklahoma, writes Nikkei Asia’s Ryohtaroh...
...The industry’s rise comes during a period of tense US-China relations and a rise in trade barriers, including sweeping controls of American technology sales to China....
...A meeting with Jeff Immelt led to $500mn more from General Electric....
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