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...“They need to explain what they are going to do with the proceeds,” said Daniel Schwarz, an auto analyst at Stifel. VW, he added, “generates €15bn plus in free cash flow [even] after EV investments”....
...My body is like a Ferrari for me....
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...“VW does not have a flawless record when it comes to mergers and acquisitions, to say the least,” said Daniel Schwarz, Stifel’s motor industry analyst, who added that investors might worry that the company...
...All eyes are on Ferrari, which has failed to win a championship since 2008 despite a bigger budget than most....
...While some still challenge if it can justify this price tag, it’s expected to deliver close to 1m vehicles in 2021 and has higher profit margins than its peers (at about 30 per cent only Ferrari compares...
...Daniel Loeb’s Third Point believes Dell Technologies is undervalued as a standalone business after divesting its crown jewel and piggy bank, VMware....
...Spun out of Oxford university in 2009, Yasa manufactures next-generation electric motors for performance cars, and counts Ferrari and other supercar brands among its customers....
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...Spotify’s billionaire founder Daniel Ek said he made a bid for Arsenal last week but was ultimately rebuffed by the Premier League club’s American owners, the Kroenke family....
...But we’ve never experienced anything like this,” says Mr Ferrari....
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