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CEO projects share of sales will double as companies integrate technology into operations
...The move by the US Department of Commerce affects the supply of chips for Huawei’s laptop computers and mobile phones, according to people familiar with the situation....
...Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana. Both were lossmaking business models with complex supply chains....
...Europe’s largest carmaker announced falling sales and profits in the first quarter, as the auto industry faces weaker demand and higher fixed costs....
...Some opportunistic buying seems to be happening in the auto sector....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...SAIC Motors, the largest Chinese auto exporter, has “initiated a site selecting process for a European auto manufacturing base”, according to its latest annual report....
...Toyota last week chose the Beijing auto show, the premier industry event of the year in China, to unveil a new partnership with the owner of the WeChat superapp, Tencent....
...The years since have involved a complex balancing act to get supply and demand aligned for components, and then the end autos themselves....
...Auto insurers across the US had struggled with the high replacement costs of new cars, exacerbated by supply chain issues and surging inflation....
...In theory, joining forces could mean integrated supply chains and optimised operations....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...plant by a vote in the southern states since that decade and the first of a foreign-owned auto factory....
Shares in US electric-car maker soar 17% on autonomous driving prospects in world’s biggest auto market
...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...
...Tu Le, founder of the Sino Auto Insights consultancy, said local rivals including Xpeng, Nio and Li Auto had their own self-driving systems and would drop their prices “the second” they thought consumers...
...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...
...Morgan Stanley’s autos analyst has been moved to aphorise by Elon Musk’s surprise visit to Beijing....
...The world’s second-biggest economy is Tesla’s biggest market outside the US and a vital part of the supply chain for its electric vehicles....
...“It will be a European-market Seagull, a new Seagull,” BYD senior executive Stella Li told reporters, including the UK’s Auto Express, in Shenzhen....
...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....
...“Xiaomi doesn’t have much experience in the auto field,” said Lam. “But it is a supply chain master . . . and joined the race at a time when things have grown relatively established.”...
...The lull in EV sales is having a damaging impact on the auto industry....
...“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....
...If the auto business is worth 3 or 4 times the multiple of a Stellantis or Volkswagen, then it would get a forward PE of, say, 20x....
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