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...“If a car can drive in Wuhan . . . I’m pretty sure it can drive in any other city in the world,” he said. Current Baidu executives declined to be interviewed....
...Chanos is best-known for his bet against energy trader Enron, as well as for his more recent, but unsuccessful, campaign against electric-car maker Tesla....
...whose sales are in the millions....
...He drives a Tesla model S (with the paint stripped off to reveal the bare metal) and sails an 82ft Mark V special operations craft, a $3mn camouflaged Navy Seal vessel mounted with decommissioned machine...
...a massive advertising business with higher margins than the sale of goods online....
...The company dethroned Tesla as the world’s biggest electric vehicle producer by sales last year....
...car park in Peckham....
...“During times of crisis, they may serve as a focal point for social unrest.”...
...Revenue growth consistently over time means companies have to innovate, or else someone will steal a march from them.” Around 1982, Wood wanted to resign to work for Laffer....
...More than 20 countries have announced plans to phase out conventional car sales in the next few decades....
...The proposal would drive up the cost of aluminium and hit downstream manufacturers in Europe, he added....
...(Washington Post) The UK will ban the sale of diesel trucks from 2040, and VW says EU rules will make electric vehicles more profitable than petrol cars....
...But their paths are diverging as electric car sales grow rapidly, while autonomy stalls....
...A new dependence on ecommerce by retailers lay behind the recovery, with advertisers forced to lean heavily on digital forms of advertising to reach consumers and drive sales....
...“They've managed a V-shaped recovery in the Chinese economy.”...
...As a result, revenues may exceed $100bn for the first time in the company’s history. But it has been costly....
...It also reinforces a sense that prime time for Chinese EVs has finally arrived as McKinsey, a consultancy, increased its forecast for Chinese electric car sales by 300,000 to 3.5m in 2022, up from 1.2m last...
...On Monday, Google’s parent company provided fourth-quarter revenue details for cloud services and YouTube for the first time. The shares promptly fell 4 per cent in after-hours trading....
...Mr Darracott says provenance has become more important to collectors — in this case typically people who “like fast cars” even if they do not drive them. A link to a famous driver is valuable....
...for the first time....
...For as long as there have been televisions to hurl out of windows and cars to drive into swimming pools, touring rock bands have been the bane of hoteliers....
...and classing this as a potential V-shaped recovery....
...May sales of passenger vehicles (PV) there were up 9% MoM & for the first time showed YoY growth in 22 months of 7%. Thus in the 2 biggest auto markets, there are signs of V-shaped recovery....
...While the new management team has improved operations, the M-T strategy is unclear, notably around property as well as the GM investment to drive better sales....
...A V-shaped recovery in kneecaps isn’t in the price, they say....
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