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...The group is also building a plant in Mexico that is expected to come online in 2026....
...In 2021, the group bought Morrisons in a £10bn deal. It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron....
...LiveWire, still majority owned by Harley, has disappointed: only 63 units shipped in the first quarter of this year despite the company’s goal of selling 100,000 by 2026....
...Wisconsin-based Harley-Davidson joins General Motors and construction equipment maker Caterpillar to benefit from higher prices as a way to cope with inflation....
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
...Earnings are also expected from Merck, Caterpillar, Honeywell, Bristol Myers Squibb, Altria, Northrop Grumman, Royal Caribbean Cruises, Southwest Airlines, American Airlines, Harley-Davidson and Hertz before...
...About 500 people were in the supercharger group, the memo said....
...In 2018 the Trump administration imposed tariffs on steel and aluminium coming from Europe and in retaliation Brussels put tariffs on US-made goods like whiskey, jeans and Harley-Davidson motorbikes....
...For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth. In Asia, the trend is even more pronounced....
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...“The large capital base of National Indemnity and the broader Berkshire allows the group to take on more investment risk than is typical for insurance companies,” said Bruce Ballentine, senior credit officer...
...That was down from 49 12 months earlier, as it exited stakes in companies including General Motors, UPS and Procter & Gamble earlier in the year....
...At HSBC’s offices the mood may be a bit cheerier: the group stands out for increasing its company-wide bonus pool by 12 per cent....
...In addition, it has borrowed $250mn this year from investment firm Davidson Kempner Capital Management, although two people with knowledge of the situation said under $100mn was disbursed before Byju’s defaulted...
...Extracting better returns from Berkshire’s existing businesses is likely to take on greater importance as the game-changing deals that built Buffett’s reputation, such as the 1996 acquisition of motor insurer...
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Company Q3, Fujitsu H1, Harley-Davidson Q3, Hasbro Q3, Heathrow Q3, HelloFresh Q3, Hershey Q3, SK Hynix Q3, Inchcape Q3 trading statement, Intel Q3, Juniper Networks Q3, Kerry Group Q3, Mastercard Q3, Mercedes-Benz...
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Private-equity owned UK supermarket chain Wm Morrison has agreed a £2.5bn deal to sell its petrol forecourt business to sister company Motor Fuel Group, in a move that will help Morrisons shore up its balance...
...as adding “$0” towards the tech group’s value....
...At consumer products group The Clorox Company, associate general counsel Apur Patel is one of two people leading its strategy on generative AI....
...“If you look at the top line of the company on a revenue basis, [Hertz] is performing well but on a cost basis it is underperforming,” said one person close to the group....
...group Honeywell, carrier Southwest Airlines and motorcycle manufacturer Harley-Davidson report before the opening bell....
...US group Lithia, which already has 50 UK sites, will buy the showrooms, Pendragon said on Monday....
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