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...Goldman has also moved bankers dealing with car businesses to its Frankfurt office, where they are co-managed by Axel Hoefer....
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Apas stops short of establishing criminal intent in Big Four firm’s conduct
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...all too visible at European ports....
...And that will be how cars work. You just summon the car using your phone. You get in. It takes you to a destination. You get out....
...Perhaps Luca de Meo, Renault’s chief executive, quoted in your leader, together with his peers elsewhere in the European car industry, should follow suit if they truly view electric vehicles as the future...
...The group, which represents the €28.5tn European investment industry, has asked major central banks, which jointly own the CLS currency settlement service, to implement urgent measures to address the risks...
...They have climbed since and are close to seven-year highs, echoing a European banking stock rally....
...Kristoffersen said that, unlike some other parts of the shipping industry, car-carrier lines had not been able to bring in spare, unused ships to maintain the same service frequency of services....
...The company has said it wants to become one of the largest European EV brands by the end of the decade, and to account for one in ten battery cars sold in the region by 2030....
...In general Italian EV subsidies in 2023 ranged from €2,000 to €7,500 — depending on emissions and the car’s price tag — and were less generous than some other European nations....
...Distinctive, boxlike car carriers, which can ship thousands of vehicles, are vital in transporting cars manufactured in Japan, China and South Korea to the key European market....
...The European Commission has already launched an investigation into subsidies on cars from the country and is considering higher import duties....
...Price pressures also picked up, as services companies passed on higher wage costs....
...Take the car industry. European producers worry they can’t compete against subsidised Chinese-made electric vehicles in their home market....
...Volvo Cars will stop funding its Polestar electric sports car brand and look at selling its shareholding to parent company Geely, as its latest results showed profits had been dragged down by the lossmaking...
...“It will be a European-market Seagull, a new Seagull,” BYD senior executive Stella Li told reporters, including the UK’s Auto Express, in Shenzhen....
...“The entire European steel sector will undergo a similar transformation to the energy sector....
Analysts estimate changes could require between $15bn and $25bn of additional capital for the lender
Leading players look to partner with banks rather than be their adversaries
...undercut European-made models....
...The boss of Mercedes-Benz has called on Brussels to lower tariffs on electric cars imported from China, just as the European Commission is considering raising import duties amid a probe into Beijing’s subsidies...
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...London is suffering a dearth of listings and has raised less IPO capital than European markets this year....
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