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...On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...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...
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...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...
...Jefferies has advised on many of Fertitta’s deals, while he and Handler have raised four special purpose acquisition companies together under the name Landcadia Holdings....
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...Walmart pitched its $2.3bn acquisition of TV maker Vizio last month as a way to scale up its small but fast-growing advertising unit....
...As part of the acquisition, the banks have agreed contribution agreements through which they will continue to pool their research and financial models with Visible Alpha....
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
...The established auto industry has been warning for months that mainstream buyers remain sceptical of electric cars because of their higher prices and need to recharge....
Potential sale comes after Apollo’s $26bn offer was rebuffed
...An acquisition would strain Boeing’s liquidity and efficiency measures. Yet for long-term regulatory and political reasons, component manufacturing might be most optimal when performed in-house....
...That would put Tesla’s auto profitability back to where it was in 2017, shortly after the launch of the Model 3. Will the margin guidance be any better? And even if it is, will it be believed?...
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...“We have moved quickly after the acquisition by Eni of Neptune Energy to transform our competitive position in the UK,” he added....
Hedge fund boss tells EV specialist not to accept bid from competitor that has ‘missed the boat’
...On that basis, its $18.25bn acquisition of speciality building products supplier SRS Distribution, including debt, offers good news and bad....
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...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...White & Case has hired Alan Bao as a partner in Beijing to join their mergers and acquisitions business. Bao joins from O’Melveny....
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