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...Spirit supplies Boeing with the fuselages for its 737 Max aircraft and both manufacturers are undergoing an audit by America’s aviation safety regulator....
...“This is what the US government wanted to see from the beginning and is the result of its recent industrial policy of giving subsidies for localised production.”...
...Tesla’s price per vehicle, excluding regulatory credits and leasing or finance income, was $38,924....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...Two years ago, car leasing group Octopus EV could barely keep up with the red-hot demand for Teslas that accounted for half its sales....
...Rolling-stock leasing companies, or Roscos — which are owned by financial investors — were set up to supply new trains to the UK railway following privatisation in the 1990s, and have proved highly profitable...
...Both were lossmaking business models with complex supply chains. Regardless, their market capitalisations peaked at about $50bn in 2021. Both were left exposed when interest rates rose in 2022....
...Tesla has 28 days of unsold supply, up from 15 days last year. This may be connected to rising competition and the reduction of US government subsidies, two factors over which Tesla has no control....
...Tesla blames supply problems, pointing to conflict in the Middle East and an arson attack at its Berlin factory. But a gap between production and delivery numbers suggests issues with demand....
...aircraft leasing company AerCap....
...Supply chain shortages tightened the inventory of new cars, and amid the crunch, carmakers stopped subsidising leases. EVs also depreciate faster than gas-powered cars....
...BNSF said it was “disappointed” by the disruption, adding that “every day of closure increases the impact to the supply chain for critical commodities, including automobiles, industrial products and grain...
...The fierce competition and smaller profits are also affecting companies in the EV supply chain — notably battery makers....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...Turkish companies already play a role in Airbus’s supply chain, with more than 30 providing a range of components....
...But it has not been willing to fund a new supply chain for mass car production. Scrapping a project with high upfront costs makes sense. Competition has grown. Tesla has been forced to cut its prices....
...It has continued to cut prices for its most popular models as unsold-vehicle inventory piles up: that measure rose to 28 days of supply from 15 days a year ago....
...Kansas-based Spirit, formerly a unit of Boeing before being spun off in 2005, supplies the Max fuselage to Boeing and the aircraft maker comprises nearly two-thirds of its business....
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
...“I never used to worry about the supply chain and contracts as they sorted themselves out — I only had to worry about finding customers....
...The world’s second-biggest economy is Tesla’s biggest market outside the US and a vital part of the supply chain for its electric vehicles....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...China is Tesla’s biggest market outside the US, a vital part of the supply chain for its EVs and of growing importance as a regional export hub....
...Spirit is a crucial industrial partner in the Northern Ireland Advanced Composites and Engineering Centre, a research lab located next door....
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