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Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
April 16, 2024
Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...However, the second person said the focus of Elon Musk’s company would be on the other three states because they had ports, making it easier to export cars....
April 3, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Technology sector
China blocks use of Intel and AMD chips in government computers
...China was Intel’s largest market last year, providing 27 per cent of its $54bn in sales and 15 per cent of AMD’s $23bn in sales....
March 24, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Sales grew by 55 per cent between January 2022 and January 2023....
February 21, 2024
Transport
EU lawmakers agree deal to curb diesel truck pollution
...European lawmakers have agreed to in effect ban EU sales of almost all new diesel trucks by 2040 as part of the bloc’s fight against climate change....
January 18, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...“Based on today’s policy settings alone, almost one in three cars on the roads in China by 2030 is set to be electric, and almost one in five in both the United States and EU....
April 23, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
FT SeriesThe world’s best house museums
House museums #62: Henry Moore
...The flock would shelter beneath it, their wool polishing a bright golden streak on to its underside....
April 5, 2024
Electric vehicles
US gives carmakers more time to meet aggressive emissions targets
...The American Fuel & Petrochemical Manufacturers, an oil refinery trade group, spent millions of dollars on advertisements in 2024 election battleground states decrying an “EPA car ban”....
March 20, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
March 29, 2024
News in-depthTesla Inc
Tesla’s ‘gravity-defying’ powers at risk as EV market slows
...Most major carmakers have reported either a drop in EV sales or slowing growth....
April 5, 2024
Berkshire Hathaway Inc
Berkshire Hathaway settles dispute over value of Pilot Travel Centers
...The surging valuation coincided with a boom in sales at Pilot’s truck stops, as companies raced to overcome supply chain disruptions they faced in the midst of the pandemic....
January 8, 2024
Tesla Inc
Tesla asks shareholders to approve move to Texas and ratify Musk’s pay
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
April 17, 2024
Electric vehicles
‘The early adopters have adopted’: US carmakers slow their EV growth plans
...That includes cutting some production of the Mustang Mach-E and delaying construction on one of two joint-venture battery plants planned in the state of Kentucky....
October 28, 2023
Tesla Inc
Tesla’s article-to-Cybertruck delivery ratio currently stands at 219 to 1
...Collectors can find bottles of Teslaquila or the Boring Company ‘Not a Flamethrower’ for sale on eBay for thousands of dollars. ... though they can also find plenty of Tesla merch on sale for dozens of...
December 1, 2023
JD Sports Fashion PLC
JD Sports to deepen US reach with $1bn bid for Hibbett
...Alabama-based Hibbett has 1,169 stores located in 36 states across the US. In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
April 23, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Private equity
Sports investor Arctos to focus on N America after raising $4.1bn fund
...State Warriors, the Utah Jazz and the Sacramento Kings....
April 20, 2024
News in-depthCovid-19 vaccines
Covid vaccine makers to clash in London over mRNA patent dispute
...Moderna generated sales of $18.4bn in 2022 from its Spikevax vaccine....
April 22, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Meanwhile, a campaign to rid state agencies of Apple phones which kicked into high gear last summer, has picked up speed....
March 10, 2024
LexAutomobiles
US autos: golden age of profits threatened by strikes and EV switch Premium content
...Foreign carmakers have set up shop in southern US states where unions are far less prominent....
September 11, 2023
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...Before leaving office in 2020, President Donald Trump tried to ban the app in an executive order that also sought to force the sale of TikTok....
April 22, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...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....
April 15, 2024
The Art Market
Monets and a Ferrari race for the top spot in New York sales
...Sotheby’s Modern art sale on November 13 made a total $190.4mn ($223.4mn with fees, est $179.4mn-$248mn)....
November 16, 2023
Apple Inc
Tim Cook praises China’s ‘critical’ role in Apple’s business
...Cook’s visit comes amid tumbling sales in China, which contributed $21bn to Apple’s top line in the fourth quarter, or 17 per cent of sales....
March 21, 2024
Electric vehicles
Hyundai is big in America after focusing on smaller EVs
...Ford’s electric pick-up truck, the F-150 Lightning, is critical for the group to defend its profit pool in trucks, but it has left the small SUV space wide open....
January 8, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...The US giant faces resurgent competition from rival Huawei in the premium segment and a state crackdown on the use of its devices by government employees....
April 15, 2024

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