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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...The Morgan Stanley survey showed that only 45 per cent of consumers expected household finances to improve over the next six months, the joint-lowest level in the past year....
...Marques are introducing increasingly sophisticated in-car technology to help differentiate their models from the crowd and entice consumers....
...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....
...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...
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...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....
...UK consumers’ confidence about their personal finances has hit the highest level in more than two years, according to a closely watched survey....
...consumer finance industry....
...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....
...“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....
...He also warned about insufficient external consumer demand....
...Investors in auto lenders and low-rated bonds backed by car loans should buckle up. High inflation and interest rates are squeezing the finances of American households, particularly lower-income ones....
...Wingefors is dismantling his empire just weeks after insisting that Embracer’s restructuring had ended with March’s $460mn sale of Gearbox to Take-Two, the US-based games group behind Grand Theft Auto....
...Aston’s shares have halved under Felisa’s tenure, amid concerns about the company’s finances. Last week Aston announced it had raised £1.15bn through its latest refinancing....
...Primary Health Properties’ boss has snapped up £69,000 of shares in the hospital and primary care centre developer and landlord ahead of his retirement at the end of this month....
...The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year, according to data pooled from suppliers and forecasters by one auto investor....
...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....
...A measure of US consumer sentiment rose in March to its highest level since July 2021, as more Americans expect their personal finances to improve as inflation eases....
...Local coffee chain Luckin, whose revenues nearly doubled last year to a fresh record, is another example of a broader trend of consumers favouring local brands. There is reason for concern....
...“The US is the world’s biggest consumer of stuff; China is the world’s biggest producer of goods,” said Robin Brooks, former chief economist at the Institute of International Finance....
...“The Chongqing plant continued to be in the red and China’s auto market is grappling with oversupply,” said Lee Hang-koo at the Jeonbuk Institute of Automotive Convergence Technology, a South Korean research...
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