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...The potential expansion of Tesla’s global factory network comes as growth in global EV sales slows. The group is also building a plant in Mexico that is expected to come online in 2026....
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Decision by car rental group comes as resale value of EVs has collapsed
...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....
...Inchcape, which exports cars for global manufacturers across 40 countries, said it would use £100mn of the sale proceeds to buy back shares once the deal is completed, which is expected to happen during...
...Investor who came in expecting a bump-free glide towards the global EV mass market should have sold already, while bargain hunters attracted by last year’s slump will probably have been stopped out by this...
...Some argue Tesla may be caught up in a global EV bust that is only just beginning....
...Meanwhile, global price wars are hurting all combatants. Tesla cut prices by up to 20 per cent last year amid a proliferation of low-cost vehicles from China....
...The further challenge for the UK (which has a resilient services sector), adds Figures, is that modern goods increasingly come bundled with services — like connected cars — which will weigh on UK trade....
...Instead, inflation came in strong in services categories that have looked persistently hot for a while: shelter, medical care and auto services....
...Fourteen years on, the shine of that deal, now known as ICBC Financial Services, has been somewhat tarnished by a major cyber attack last year....
...WBD executives see the move as a chance to expand into new markets for consumers who either do not yet have a streaming service or who are willing to pay more for a rival service....
...Skydance, the film studio behind Top Gun: Maverick, has entered exclusive talks to take control of Paramount Global, which had rejected a $26bn takeover offer from buyout firm Apollo, said people briefed...
...A lot of industrial policies are interventions to provide firms with customised services, such as in workforce training, infrastructure or land. These are all public goods....
...The founder of China’s largest industrial automation company believes the key role played by the country’s robot makers in keeping global supply chains running will insulate them from rising global protectionism...
...A third is the rise in services trade and embedded data processing in goods, where “products” and “production methods” are not clearly separable....
...The US only stockpiles $912mn of nonfuel commodities — $13.5bn less than its requirements, according to a Congressional Research Service report....
...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....
...In addition to stronger industrial profits, the bank said exports had beaten expectations, services activity was robust during the lunar new year holiday and capital expenditure and infrastructure investment...
Case studies in best practice among general counsel and company legal teams in North America
...BYD has just started to increase global exports. The EV maker commissioned its first 7,000-vehicle-carrying ship in January....
...“There has been a sea-change in global perception and global policymaking towards nuclear energy,” says Rafael Grossi, IAEA director-general, who will co-chair the summit....
...The conditions remain in favour of financial performance for other divisions of defence and space, and global services....
...Hot wage growth contributed to keeping services inflation elevated at 6.1 per cent in February....
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