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...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...A version of this article was first published by Nikkei Asia on September 27, 2021. ©2021 Nikkei Inc. All rights reserved....
...Daimler and BMW announced last year they would locate their new mobility services joint venture in Berlin, while Volkswagen launched “WeShare”, its first fully electric car-sharing service, in the city this...
...WPP will also reduce is planned capex from £400m to v£300m....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...Smart reads David v Goliath Large consumer goods companies are starting to feel the impact of their smaller, more innovative rivals....
...Even in the traditional automotive industry, many believe this issue simply cannot be resolved....
...In the past 12 months, the materials sector has returned less than 2 per cent and was one of the worst performing sectors on the US benchmark, after energy and telecom services....
...Aldi and Lidl — Andrea Felsted, London German discounters Aldi and Lidl are disrupting the grocery market around the world — from their heartlands of continental Europe to the UK, US and Australia....
...This may complicate life for makers of driverless cars: because of legal uncertainties and hugely variable driving environments, “self-driving” is likely to be offered as an optional setting for decades...
...Conversely, companies such as Looxcie and V.I.O. are offering wearable video cameras designed to capture real-time point-of-view video clips....
...So many people have moved to Alberta from Windsor, the depressed centre of Ontario’s automotive industry, that Westjet, a Calgary-based airline, has started a daily service between the two cities....
...The company is based in the engineering heartland of Huddersfield, 15 miles from Leeds....
...“Proponents of a V-shaped [economic] recovery are underestimating how much rising unemployment and an unstable structure of indebtedness can lengthen and deepen this recession,” says Sandy Chen, banks analyst...
...Other companies are studying ways of building the infrastructure to recharge and service electric cars. Toyota and EDF, the French utility, are working together on recharging spots around Europe....
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