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...of Technology and veteran observer of the auto industry....
...The carmaker plans to start a “limited” run of battery vehicles predominantly for the domestic market at its plant in Luton, it said on Thursday....
...“The main trading entity of the group, Volta Trucks Limited, will shortly file for administration in England, with insolvency practitioners from Alvarez & Marsal anticipated to take office,” the company...
...But the UAW has only gone on limited strike so far, with workers walking out of three factories. This has the benefit of helping them preserve their strike fund....
...“It has now caused a major headache for auto companies that rely on these ships....
...“Carmakers who are reaping profits now from their existing hybrid models had better use this time and money wisely as BEVs are coming, sooner or later,” said James Hong, autos analyst at Macquarie....
...A shortage of new cars caused by both pandemic factory closures and then semiconductor shortages sent buyers scurrying for the limited number of vehicles already built and on the road....
...Meanwhile, President Joe Biden is expected to join the picket line with the United Auto Workers in the state of Michigan today. It’s a historic move for a sitting US president....
...The buying entity, Global Auto Holdings Limited, was only incorporated in December, indicating that talks have been going on for several months....
...But employers probably see undermining the agency as a way to contain a labour movement that is celebrating major wins for employees such as auto workers and actors, he said....
...Even those western users that are not persistently reluctant to give up the internal combustion engine hit the twin problems of limited availability and non-affordability of domestically made electric vehicles...
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
...In addition to normal watch functions, it is armed with all the fitness- and health-tracking features one would expect, including integrated GPS, ECG, auto-diving feature....
...Despite overcapacity and slowing sales growth, the expected wave of consolidation in China’s auto industry has not yet materialised, according to one senior western auto executive....
...Airlines and autos are highly competitive sectors with limited pricing power. Rising wages and oil prices compound the pressure for companies most exposed to labour and energy....
...Fill your boots, says Barclays, whose buy recommendations include but are not limited to small caps . . ....
...The UAW’s strategy of targeting specific plants with limited notice not only prevents the quick depletion of the union’s strike fund. It also causes maximum disruption for carmakers....
...Tactical weapons are designed for limited battlefield use in Europe and Asia, as opposed to the larger “strategic” weapons intended to target the US....
...The strike’s initial limited nature will save both sides from some of the costs, said Marick Masters, a labour relations professor at Michigan’s Wayne State University....
...“It’s a small market but growing quickly,” he says — adding that use among consumers is typically sporadic, and on a limited basis....
...Third, market pricing and rating agency data point to limited near-term downgrade risk. Currently 0.8% of IG index, or $55bn, trades at BB-spreads....
...Smart read The boss of French car giant Stellantis has warned that an electric vehicle price war risks creating a “bloodbath” in the auto industry, report Steff Chávez and Peter Campbell....
...The idea of a direct spillover to the economy is also questionable, unless the Brisa is limited to domestically focused smaller or growth stocks....
...However, China has limited outflows of investor cash in recent years and growing geopolitical tensions between Washington and Beijing have halted even more deals....
...The market is China, the world’s largest auto market....
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