Hints and tips:
Related Special Reports
...Auto sales, which rose 12 per cent over 2023, are one sign of lower prices supporting demand, though Loo said the auto data had been “volatile”....
...“This has been a big theme this year in auto; everyone has had to step back from the euphoria”....
...Those deals, including loans to software maker Citrix, telecoms company Brightspeed and auto-parts maker Tenneco, have limited their ability to provide new debt....
...Jana could very well push Cannae to take itself private and capture the value of that discount....
...As Tesla cut prices in China, BYD has had to increase discounts to keep up. The pace of sales growth slowed last year....
...Backers, who also include Japan’s SoftBank and US private equity firm Tiger Global, will offload part of their stakes in the sale....
...The deal would probably value the group at a discount to its “own funds”, according to one market insider, referring to a measure of shareholder equity that was £6bn on an adjusted basis at the end of June...
...For his part, Levine of CAA said “this was not an irrational or emotionally driven process....
...in buying an asset at a discount to its fair value”....
...Germany’s Volkswagen said it had been receiving parts in Europe from Asia via the longer route since last month....
...How it all plays out will depend, in part, on the Fed’s moves....
...Tesla’s domestic rivals announced similar discounts earlier this month to boost sales....
...To ensure the longer-term security of its business, Schonfeld has recently been offering clients a fee discount in return for new terms under which it would take them as long as two years to withdraw all...
...Foreign companies trying to sell their Russian businesses need Moscow’s approval and face steep price discounts. Read the full story....
...Sales of electric models, like the auto industry as a whole, are improving because as the supply chain crisis has eased, manufacturers are no longer struggling as much to obtain the parts necessary to build...
...Its electric sales growth in the US is particularly striking given Hyundai cannot offer consumers a $7,500 discount....
...The company was founded just six years ago, when the site of its auto factory two hours from Hanoi was swampland....
...Vista, for its part, structured its $1bn investment as preferred equity, making the new money senior to Finastra common stock....
...Banks have been unable to sell debt from several marquee leveraged buyouts, including Elon Musk’s $44bn takeover of Twitter and Apollo’s $7.1bn purchase of auto parts maker Tenneco....
...The latest AI launches will allow users to input text queries and receive entire documents or emails generated by AI, and also allow them to create AI-generated images in slideshows and auto-generate tables...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...THG’s straitened circumstances must frustrate shareholders because the group trades at an eye-popping discount to the sum of its parts....
...BYD exported more than 80,000 Chinese-made autos in the first half of 2023, compared to Tesla’s 180,000 units....
...Is the market responding to these stress signals by demanding bigger discounts to own the riskiest debt?...
...Already, the European auto parts sector earnings valuation has increased by about a fifth since last summer....
International Edition