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...The group is also building a plant in Mexico that is expected to come online in 2026....
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...H&M has teamed up with private equity group TPG and the investor that started battery group Northvolt to roll out factories designed to reduce fast-fashion’s carbon emissions....
...Castlelake has taken advantage of recent market turmoil to expand its credit portfolio beyond aircraft leases, buying up billions of dollars of consumer instalment loans from fintech group Upstart....
...Amazon founder Bezos sold 50mn shares worth $8.5bn in the ecommerce group in February....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...Chief executive Tim Cook last month told analysts he remained “very optimistic about China over the long term” and blamed part of the decline on a stronger dollar....
...One way to see this is that other currencies have weakened against the dollar in a similar way as the yen. The US dollar index is up 3 per cent this year....
...German companies have a strong presence in China’s markets, particularly groups such as Volkswagen and BASF, complicating Germany’s position on protectionist measures....
...Ripple said its stablecoin, which will be launched later this year, would be based in the US, pegged 1:1 to the US dollar and fully backed by dollar deposits, short-term Treasuries, and other cash equivalents...
...For some decades, Hawaii has been a favourite playground for Japanese tourists, consistently in the top three most visited overseas destinations and the go-to spot for golf-tours, group getaways, marriage...
...Exchange traded funds have taken over as the dominant holding in the fast-growing multitrillion-dollar US model portfolio market, helping to turbocharge their already rapid growth....
...Attorneys for shareholders who defeated the original pay package in the Delaware court had asked for a multibillion-dollar share award as payment....
...He had success running rival Dollar General....
...Buffett later supercharged the investment as he warmed to the technology company, and he spent tens of billions of dollars buying its stock....
...Some of the largest banks spend billions of dollars on technology each year....
...The American Fuel & Petrochemical Manufacturers, an oil refinery trade group, spent millions of dollars on advertisements in 2024 election battleground states decrying an “EPA car ban”....
...US group Lithia, which already has 50 UK sites, will buy the showrooms, Pendragon said on Monday....
...His stake in TMTG is worth more than half a billion dollars. Orlando’s stake includes 5.5mn “founder shares” he received for the nominal fee of $25,000....
...Big music companies earn billions of dollars a year through royalty payments from streaming services and social media groups including Spotify, Apple and Meta....
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
...“We need to be prepared for the risk that all solid-state battery technology could overturn” China’s advantage in automotive batteries, said a Tsinghua University professor specialising in automotive-related...
...China started commercial driverless development in 2013, about five years after groups in the US....
...Tech bosses Peter Thiel, Jeff Bezos and Mark Zuckerberg are among those who have sold hundreds of millions of dollars of their companies’ shares this quarter....
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