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...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...
...Nevertheless, some local acceleration seems plausible given the regulatory changes occurring at the state level to permit insurers to charge higher premiums....
...Workers at a Mercedes-Benz factory in Alabama have called for a vote to join the United Auto Workers union, part of a wider campaign to unionise foreign-owned auto plants that has also targeted Toyota and...
...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?...
...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...
...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....
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...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...It will also allow merchants to charge different prices to consumers based on which credit card they use....
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...“We’ve got 300 miles on the charge for the top-level EX30. So battery (and software-management) technologies are improving all the time.” As for the controversial issue of fully autonomous vehicles?...
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...Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store....
...IF Metall and supporters in other sectors are certainly open to charges of heavy-handedness....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...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....
...Depending on what charges are filed, the DoJ could seek to unwind the merger, to encourage more competition in live ticketing. But that would not alone be enough to stop touts from price gouging....
...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....
...A year later, the supply crunch meant the rental rates it could charge customers had rocketed....
...Samsung chair Lee Jae-yong was acquitted of stock manipulation and accounting fraud charges on Monday in connection with a controversial merger almost a decade ago....
...As Peter Campbell laid out in the Financial Times yesterday: The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year . . ....
...Set your WhatsApp messages to auto-delete: foreign spies might be reading them....
...In the first quarter, profits were weighed down by $476mn in severance and other one-off charges linked to the reorganisation, as well as $250mn in charges related to last year’s regional bank failures....
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