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...Chinese electric-vehicle makers BYD and Neta Auto are poised to challenge Japan’s dominance in the Indonesian car market, announcing new investment plans and rolling out their latest models at an auto show...
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...PepsiCo’s chief financial officer said the global “consumer picture” was strong despite soft sales in the US, as strong wage growth and low unemployment kept the snacks and beverage seller optimistic....
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...British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog set out the length of a probe into historic commission agreements that allegedly led to consumers overpaying...
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...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...At the same time, investors will seek lower valuations due to intensifying competition in China’s auto market and slowing EV penetration in Europe and the US, he added....
...Orbán is an opportunist chancer who needs to keep generating cash to finance his clientelist regime, not a principled Eurosceptic nor even an anti-democracy ideologue....
...“Tata thought they would come, sit down and take over like they run their autos business. Aviation is not the auto business . . . this is complicated.”...
...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...
...conditions attached to development finance....
...During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana....
...But in Europe, the picture was gloomier with Germany cutting consumer subsidies and consumer demand for EVs threatening to stagnate....
...It’s one of just a few services costs that drove an acceleration of consumer prices in January: Shelter costs, transportation services and medical services....
...State media also expressed confidence in Beijing’s plan to further boost consumer spending by subsiding trade-ins of older cars and household appliances....
...UK consumers’ confidence about their personal finances has hit the highest level in more than two years, according to a closely watched survey....
...He said the issue was reminiscent of the PPI scandal and that auto lenders had used a “similar tactic” by adding a discretionary charge to contracts without consumers’ knowledge and that it had taken place...
...China’s auto industry is the world’s biggest across sales, production and, since last year, exports....
...“A lot of consumers are more rational when they make purchases, when they decide what they want to consume in shopping malls and so on. And Miniso is absolutely one of the beneficiaries,” said Zhang....
...“This places huge pressure on BYD and Li Auto, the perennial leaders in the PHEV category, to defend their share,” said Automobility founder Bill Russo....
...The Israeli company blamed the shortfall on the stockpiling of chips by its auto manufacturing customers. In 2020 and 2021, automakers could not source enough chips to meet consumer demand....
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