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...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
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...As evidence that foreign carmakers are realising the advantages, he points to Volkswagen’s $700mn tie-up with Chinese rival Xpeng last year....
...Chinese carmakers need to find a way into North America, the world’s second-largest car market, if they want to maintain growth and keep Chinese factories filled, Dunne said....
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...The town in the Midwestern corn belt is home to the manufacturing operations of Rivian, the battery-powered vehicle start-up worth more than Ford or Volkswagen soon after it listed 18 months ago....
...move comes as shares in the group have fallen more than two-thirds in the past year over concerns about slowing demand, just when the company opened factories in Berlin and Shanghai, and rivals including Volkswagen...
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...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...The strong debut made LGES, which supplies Tesla, General Motors and Volkswagen, South Korea’s second-largest stock after Samsung Electronics....
...Shares that once valued truckmaker Rivian higher than Volkswagen and luxury group Lucid above Ford have lost more than half of their value in the past six months, a decline that set in far before the Russian...
...A version of this article was first published by Nikkei Asia on November 29, 2021. ©2021 Nikkei Inc....
...So they won’t even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
...So they won't even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
...“There’s obviously a big halo effect with anything electric vehicle-related at the moment, thanks to Tesla,” says Benjamin Bowler, an equity derivatives strategist at Bank of America....
...“The supply side is not reacting right now,” said Michael Widmer, an analyst at Bank of America....
...And then there’s the small fact that hedge funds are extremely bullish at the moment -- Bank of America’s latest fund manager survey showed that allocation to equities was the highest in two years, with...
...Commercial pressures will intensify this year with a slew of electric models expected and Tesla’s Model 3 is already behind the Renault Zoe, Volkswagen ID. 3 and Hyundai Cona in sales in Europe....
...Bank of America and Citigroup had more muted performances with gains of just 7 per cent and 14 per cent. Citi was also the outlier when it comes to investment banking....
...Germany’s Volkswagen has reduced output at sites in China, North America and Europe due to a lack of semiconductors, while Ford has idled some production in the US....
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