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...“Enormous inventory pressure has forced dealers to sell cars at a razor-thin margin or even at a loss.” Dealers have also had to adapt to changing business models for selling cars....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...It is a small FTSE 250 engineer that is midway through yet another turnaround after its calamitous £2.2bn takeover of Amec Foster Wheeler in 2017, which saddled it with debt and legal liabilities....
...No one knows the “right” lag time to expect between the Zillow rent and CPI rent data; it could simply be longer than anticipated....
...Its market cap has fallen to just over $1bn and it is shouldering a $2bn debt load. It is possible that expensive, at-home exercise equipment was a lockdown fad while cars were a necessity....
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.... . despite a further slowdown in the rent category (+0.36% vs. +0.39% in December), the large and persistent owners’ equivalent rent category (OER) jumped to a 9-month high of +0.56% (largest gap vs. rent...
...The figures show petrol car prices fell 0.8 per cent in the past year, compared with a fall of 1.7 per cent for diesel car prices. But the new data would have no overall impact on the CPI, the ONS said....
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...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
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...world’s largest car market....
...“I figure it will rent eventually but we might have to lower the price.” She is not the only one having to reconsider pricing....
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...Supermarket sites often lend themselves to new developments that replace low-rise retail buildings and vast car parks with taller residential blocks and street-level shops....
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
...— a flying car, in other words — a contact from its rival texted me: “The industry considers it [dual-mode] a joke.”...
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