Hints and tips:
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...The California company built almost 14,000 trucks in the second quarter, nearly 3,000 more than Wall Street expected....
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...The downbeat outlook comes as automakers including Tesla, General Motors and Ford slow their EV factory expansions in expectation of weaker demand for cars owing to higher rates increasing financing costs...
...General Motors chief executive Mary Barra said on Tuesday that the company’s EVs were priced correctly. Volkswagen declined to cut prices, as did Hyundai and Kia....
...The stock has jumped in the past two months as General Motors, Ford, Volvo and Amazon-backed Rivian signed deals to adopt the battery charging standard developed by Tesla, opening up a new line of revenue...
...Ford and General Motors have vowed separately to spend between $30bn and $35bn to develop new EVs. Each has unveiled a suite of new models....
...This is a similar amount to that held by BMW, Ford and General Motors. Lucid, which listed through a Spac rather than an IPO, has $6.2bn of cash available....
...Stripe has poached General Motors’ chief financial officer Dhivya Suryadevara, bolstering its executive team as the San Francisco-based online payments company rides a wave of ecommerce growth....
...This year has brought a measure of vindication, as companies ranging from Ford to Volkswagen to Mercedes-Benz have unequivocally committed their futures to electric vehicles....
...That is six times greater than General Motors and Ford Motor combined, even though Tesla’s production is just a fraction of theirs....
...One day you’re a high-flying chief executive of an electric truck company who’s inking multibillion-dollar deals with General Motors and the next you’re having to defend allegations that your vehicles can...
...Leitch then served as group general counsel at Ford Motor Company, from 2005 to 2015, where he was part of the management team that steered the automotive company through the financial crisis — avoiding...
...Creating a new car company is expensive. Why wouldn’t Tesla sell tax credits and bolster its business if it can?...
...The former Apple, Goldman Sachs and Ford execs are part of Wall Street dealmaker Michael Klein’s bet to put a new spin on a product that has existed on the fringes of finance for years....
...Carmaker Ford is the latest addition to a long list that includes Occidental Petroleum, Macy’s and Kraft Heinz. The biggest risk indicator of a company’s downgradability is debt....
...On the day that the final car facilities across Europe halted, General Motors also drew $16bn from its credit facility, hot on the heels of Ford....
...Investors value the electric car maker at $91.8bn, about $5bn more than General Motors and Ford combined. Among Detroit carmakers, GM has the largest market capitalisation at $49.9bn....
...Ford on Thursday idled its Latin American plants, a day after announcing a shutdown alongside General Motors and Fiat Chrysler across the US, Canada and Mexico....
...Ford....
...The company’s shares gained 2.5 per cent on Tuesday, closing in on $538 a share, valuing its equity at $97bn, a higher market value than Ford and General Motors combined....
...The rapid rise has pushed Tesla’s stock market value past $100bn, more than the combined share value of Detroit’s royalty, General Motors and Ford....
...Tesla’s global sales, for example, equate to roughly 3 per cent of General Motors and Ford’s combined revenue....
...Trading at around 2 times forward revenues versus 1 times (and below) for its peers such as Ford, Volkswagen and General Motors, investors are still pricing the business as if its future is brighter than...
...If the catalyst for British Steel’s woes was the delay to the UK’s departure from the EU — it led Brussels to suspend the award of carbon credits to British companies, leaving the steelmaker facing a shortfall...
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