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...His criticism of US protectionism highlights the uncertainty over foreign market access for Chinese companies, just as a clutch of rising EV makers, including BYD, Xpeng and Li Auto, are aggressively expanding...
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...and enterprises....
...In 2022, Musk announced a 10 per cent reduction in salaried workers, citing overstaffing and a “super bad feeling” about the state of the economy....
...The dispute has already spread to dockworkers in Norway and Denmark. Its implications for Tesla, unions and the auto industry stretch across Europe, and back home to the US....
...The United Auto Workers, the influential US union, is targeting Tesla as it aims to widen its base beyond the traditional Detroit carmakers of Ford, General Motors and Chrysler following its historic pay...
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...BYD’s move comes as signs of softening demand have emerged in a stumbling economy....
...most populous country and biggest economy — with manufacturing, ride-hailing and taxis....
...Two years later, the economy has reached a healthier overall equilibrium. But a steadier auto market has proved a tricky road to handle for the pair....
...The new US lawsuit is broad and detailed, painting a picture of a company that has spent years knowingly heading off competitive threats to its ecosystem, be it on the App Store, in messaging with rival...
..., Rybolovlev detailed his rise from a medical student in the former Soviet Union to a business magnate worth $7bn, offering a glimpse into the making of the oligarchs as Russia transitioned to a market economy...
...Led by former Volvo and state auto executives, the company counted tech giant Tencent, ride-hailing group DiDi and battery champion CATL among its investors....
...This pivot towards immersive tech by auto companies has been accelerated by the arrival of electric vehicles....
...“When you have auto workers who can’t afford the cars they make, that is bad for the economy,” Sanders said. Some Republicans also expressed support for the striking workers....
...The Japanese economy entered a long period of stagnation during the 2000s, when the economy grew on average only 0.7 per cent....
...Another knock — rising delinquencies on card and auto loans — may be misleading too, argues Zandi....
...However, “contagion and solidarity from other countries could be toxic if the dispute spreads to other markets such as Germany both for production and sales”, said auto analyst Matthias Schmidt, who specialises...
..., battery, auto or shipbuilding sectors — that were invented elsewhere....
...Macklin notes the recent surge in the country’s economy, one of the largest in the Asia-Pacific region after China, and a growing international interest in Indian art....
...Additional reporting by Sayumi Take, Apornrath Phoonphongphiphat, Ismi Damayanti and Nana Shibata A version of this article was first published by Nikkei Asia on August 16 2023. ©2023 Nikkei Inc....
...Sotheby’s brought in Martin and his previous company, Orion Analytical, after it found a painting that the auction house had sold privately as by Frans Hals for £8.4mn was a modern forgery....
...These examples are anecdotal evidence of a megatrend in the global economy: electric vehicles are taking over....
...Instead, the question many are asking is whether any other EV makers can compete with the economies of scale boasted by Tesla and BYD....
...Among Bonhams’ top 10 prices in 2023 were the 18th-century bedchamber sword of Tipu Sultan (£14mn), an early 15th-century figure of Virupaksha (HK$38mn, £4.1mn) and a 2014 painting by Yoshitomo Nara (“Three...
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