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...which included a small increase in its cash and investments, from $942mn at the end of the first half to $945mn by the end of the year, provided a riposte to “naysayers” who said the company was “going to burn...
...“We don’t see a path to profit, but we do see they will burn a lot of cash trying. GM would be better placed winding back its bet, and returning the money to shareholders.”...
...It has said the losses are likely to burn through more than €20bn of provisions and capital in the coming years....
...“It’s great to have renewables, and we’ll be able to continue to reduce emissions and the amount of gas that we burn, the fossil fuels that we burn . . . but it doesn’t change the need for incremental [gas...
...Following analyst criticism of its cash burn rate as it tried to boost sales, the company secured a $740mn investment in June from Abu Dhabi-backed CYVN Holdings....
...But it looks like being a very slow burn, and it is far too early to tell whether it will end up being a major new computing platform or a niche for Apple superfans. richard.waters@ft.com...
A tie-up with Frontier might be the cleanest way forward
...GM has delayed plans to build electric versions of its Chevrolet Silverado and GMC Sierra trucks....
...Barbie Inc: An increasing number of films revolve around the origin stories of everyday objects. Is Hollywood’s basket of ideas finally empty?...
...Brunswick announced that chief operating officer Helen James will leave the firm and will be replaced by current UK managing partner Tom Burns....
But is this asset class good for the environment or just speculation?
Texas-based company announces plans to nearly triple size of its share repurchase programme from $1bn to $2.7bn
...GM will delay building electrified versions of its Chevrolet Silverado and GMC Sierra pick-up trucks at a Michigan plant until 2025, instead of next year....
...And how long can low-cost retail platforms such as Temu last, given high cash burn? The upshot is that new CEO Alex Chriss needs to revive PayPal via self-help....
...Half of those, around 1.5mn vehicles, were “full-sized” pick-ups, such as the Ford F-150 or Chevrolet’s Silverado, the market where the Cybertruck will compete....
...The FT’s data wonk John Burn-Murdoch has run through the numbers. The Tom Brady era at Birmingham City is off to a bumpy start....
...The International Energy Agency has said the technology will play “an important and growing role” in setting the world on course to achieving net zero goals as economies continue to burn fossil fuels....
..., “LIGHT / TUNNEL” and “IT BURNS”. Even periods of relative calm are injected with this frantic energy — September 6th’s “WAITING” being a good example....
...But it also seems that the more cash investors come up with, the more cash Rivian burns....
...High cash burns floored valuations previously running into billions. But online beauty retailer Oddity Tech proves the DTC model still has merit....
...Many analysts reckon gas’s role in power generation could give it greater longevity than oil, which is heavily used for transport and emits more carbon dioxide when it burns....
...It gave a whole new meaning to the phrase “cash burn”, reporting more than $30bn of operating losses as it took advantage of a ready supply of cheap capital to subsidise a global growth spree....
...EV manufacturer Nikola said its cash burn — $240mn in the first quarter — was “not sustainable”....
...“The idea that you could solve for [streaming] profitability, which doesn’t exist today, by letting your [traditional TV] programming burn to the ground, which is where all your cash flow comes from . ....
...It followed GM’s announcement that it will stop the use of Apple CarPlay or Android Auto on some of its new electric vehicle models in North America, starting with the Chevrolet Blazer EV....
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