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...“I think that the fact that they impose a ramp-up of [EV sales] makes sense. The problem is the magnitude.”...
...One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
...German industrial conglomerate Thyssenkrupp has cut its full-year sales and profit guidance and written down the value of its steel business for the second time in three months amid weak demand from European...
...Industrial production rose 6.6 per cent year on year, ahead of analysts’ expectations, data showed on Friday. Retail sales rose 10.1 per cent, lower than anticipated....
...strengthening our global packaging business,” said Mark Sutton, chair and chief executive officer of International Paper.International Paper has about 39,000 employees and generated about $18.9bn in net sales...
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...Sales in North America and Europe were especially strong....
...The focus on robotaxis seems an attempt to draw attention away from falling sales. Inventory is piling up. Tesla has 28 days of unsold supply, up from 15 days last year....
...Encore brings with it $2.6bn of annual sales in low and medium voltage cables, mostly used in the building industry....
...The strategy aims to lift annual sales by 1mn units by the end of its 2026 fiscal year, which ends in March 2027....
...Jefferies puts these at £350mn annually or some 4 per cent of DS Smith’s sales....
...Founded in 1811, Thyssenkrupp was once a symbol of Germany’s industrial prowess....
...One response, advocated by Renault chief Luca de Meo, is for the EU to adopt an Airbus-like approach to production, with more industrial co-operation and public investment....
...Rheinmetall’s strong growth makes it an outlier in the wider German industrial landscape, which has suffered following the energy crisis unleashed by the loss of cheap Russian gas....
...Carmakers are heavily discounting EVs across the US, Germany and the UK in order to sustain their sales, data from the industry has shown....
...Sales will be permitted only to countries that are not currently involved in conflict....
...Retail sales added 5.5 per cent, in line with expectations....
...International Paper had been the biggest listed company in the sector by sales until Irish group Smurfit Kappa agreed a $20bn tie-up with US group WestRock in September last year.After enjoying a boom during...
Circuit hopes to attract high-end carmaker as Formula One valuations soar
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...up a complete industrial chain with great resilience and competitiveness”....
...“Global EV sales continue to be under pressure as many carmakers prioritise hybrid over EVs.”...
...Their bullish outlook comes at a tough moment for the sector as carmakers report slimming profit margins and missed sales targets....
...Hyundai’s exit from Chongqing comes as combined car sales in China by Hyundai and its Kia affiliate fell to 310,000 last year from nearly 1.8mn in 2016, as a result of free-falling sales of internal combustion...
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