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...Some opportunistic buying seems to be happening in the auto sector....
...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?...
...The company said on Sunday that it signed a memorandum with Huawei to buy a stake of up to 40 per cent in a new venture that will take over core technologies and resources from the tech group’s lossmaking...
...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...
...Set your WhatsApp messages to auto-delete: foreign spies might be reading them....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Under Widodo, Indonesia has leveraged its nickel reserves to attract billions of dollars in investments from smelters, battery makers and auto manufacturers....
...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...
...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....
...But a key “barrier” to China’s reallocation of labour resources lies in the country’s hukou household registration system, Jin added....
The transaction should turn the London-listed company into one of the North Sea’s largest producers
...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....
...The results from the Tesla supplier, which is based in China’s south-eastern province of Fujian, offer a warning about the impact of softening demand for EVs in the world’s largest auto market....
...Last month, Donald Trump told auto workers they should vote for him as he seeks re-election as president next year, warning: “They want to go all electric and put you all out of business.”...
...Other auto markets must catch up to justify bullish metals forecasts. Recent announcements from rental car group Hertz and carmaker Ford will temper hopes of that....
...Auto-delete settings on messages contribute to their ephemeral, conversational tone. However, the judge described this as the suppression of evidence....
...Nissan and Honda, which each sell about 4mn vehicles a year globally, hope to bring down costs by pooling their resources....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Younger shoppers’ penchant for Apple Pay, auto-fill payments and buy now, pay later services is eroding the company’s share of the online payment market it once dominated. Growth has sputtered....
Ithaca’s deal with Eni would simply be trading assets around a troubled basin
...But EVs require changes in how auto salvage yards operate....
...China’s auto exports hit a record 4.9mn last year, up from 1.1mn the year prior, as the nation overtook Japan as the world’s biggest car exporter....
...of Beijing-based advisory company Sino Auto Insights....
Also in today’s newsletter, one solar company thinks it has what it takes to go public — despite a down market for the sector
...In its rapidly evolving auto market, for example, half of all new car sales will be electric by 2025, thinks Bernstein. China’s most important oil supplier, Opec, is more upbeat....
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