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...Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana. Both were lossmaking business models with complex supply chains....
...Tesla recently had to suspend production for about two weeks because the disruption to container traffic caused by Houthi missile attacks on shipping in the Red Sea deprived it of crucial parts....
...Berkshire’s BNSF Railway, which runs from California to Illinois, reported a decline in shipping revenues and said consumer and industry demand had fallen....
...“Almost all of our PC clients asked us to stop shipping products to them in October and by December, our data centre clients also suddenly halted shipments from us,” the CEO said....
...United Auto Workers, the 391,000 member union that represents workers at General Motors, Stellantis and Ford, elected a new president in March who has also pledged to be tougher on employers....
...The division blamed the bigger loss on much higher prices for new cars and auto parts that it must pay when its clients are involved in accidents....
...In April, total sales fell 36 per cent, the most in two years (during the pandemic), to 1mn autos....
...The company warned that supply chain disruption, including lower auto shipments because chip shortages, had weighed on shipping volumes....
...Canoo, Lucid, Nikola, Lordstown, Fisker, Arrival and Rivian were all among businesses that went public before shipping a single completed vehicle to a customer. Yet investors piled in....
...An engineer at heart Musk’s impact on the global auto industry has been a long time coming....
...Shipping bottlenecks, truck driver shortages and power shortages in China have added to the supply disruptions....
...A version of this article was first published by Nikkei Asia on May 12 2021. ©2021 Nikkei Inc. All rights reserved....
...A high-profile demonstration from Tesla owners complaining about their vehicles at the Shanghai auto show brought bad publicity, and local regulators also found faults with its cars....
...China-US shipping costs have soared on pandemic restocking....
...That could be a problem for Tesla as well as it aims to start shipping cars next month. “The slowdown in the auto market is the wild card,” said Tu Le, head of Sino Auto Insights, a consultancy....
...A version of this article was first published by Nikkei Asia on May 5 2021. ©2021 Nikkei Inc....
...Sidestepping shipping costs and the uncertainties of the trade war will help it keep prices down. This, however, cannot counteract weakening structural support from Beijing....
...“There’s a strong family resemblance, so the wow factor is not the same,” said Philippe Houchois, auto analyst at Jefferies....
...insurance or shipping sensors....
...A Pfizer spokesperson said: “We are currently shipping product and our shipments have been increasing over the last few months, with April shipments exceeding projections.”...
...But less than a month later, Mr Trump returned to the Twittersphere to attack Merck for shipping jobs overseas....
...Website | Subscribe. ©2016 Nikkei Inc. All rights reserved....
...Related storiesChina's chill hits banks' bottom linesEarnings gloom aside, Asia Inc. is positioned for growthNo strong recovery in Hong Kong retail sales until 2018Southeast Asian auto sales off to smooth...
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