Hints and tips:
...Chang’s and business technology provider Computer Services Inc....
...Some players in the auto industry want to slow the electric transition....
...Anxieties over electric vehicle manufacturing — which requires fewer workers than making internal combustion cars — have featured prominently in contract talks with the United Auto Workers union, which went...
...The 2.6 per cent stake Berkshire purchased in Capital One complements its large bet on auto and home lender Ally Financial, which it made last year....
...But like many Wall Street firms — including Nasdaq, the credit rating agencies and Bloomberg — MSCI has jumped into the ESG and climate sector....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...Buffett’s bet is a vote of confidence in consumer banking broadly, as well as auto loans....
...“The battery part is still on hold but [its] the whole auto plant, which I understand will be very big.”...
...they came up with themselves after struggling to raise the money through credit markets....
...Its current shareholders include Chinese internet group Baidu, China-focused venture firm Lightspeed and German auto-parts specialist Bosch....
...Lutz, who once held senior roles at Ford, Chrysler and GM, credits Musk with “single-handedly returning a reputation for excellence in technical innovation to the American car industry”....
..., sends a powerful message to auto companies and their suppliers — but any tangible impact would take time....
...Warren Buffett’s Berkshire Hathaway made a big bet on auto and home lender Ally Financial in the second quarter while increasing its wager on iPhone maker Apple despite signs that an economic slowdown is...
...“Because of the advanced manufacturing credit, you have money to make that investment....
...“In order to have real visibility into the state of household balance sheets, we can’t just look at credit card debt or auto loan debt,” Chopra said....
...Significant new positions have emerged in China, where Tiger now counts jobs website Kanzhun and electric carmaker Li Auto as top-10 long positions firm-wide....
...Even without the credit sales, Tesla managed to lift the gross margin from its automotive operations — the best measure of its underlying auto business — to 30 per cent for the first time, up from 29.3 per...
...“These are still concept stocks,” says Dan Levy, an automotive analyst at Credit Suisse....
...She describes the pricing of consumer ABS — backed by auto loans, credit card receivable, personal loans, and so on — as stable to the point of being range bound in recent weeks....
...More than a fifth of new cars sold across 18 European markets, including the UK, were powered exclusively by batteries, according to data compiled for the Financial Times by independent auto analyst Matthias...
...Laurie Yoler, an early Tesla board member, also credits Musk with having the vision to start with a clean sheet of paper and the doggedness to see it through....
...The company’s third quarter sales surged by 73 per while the rest of the global auto industry was down almost 20 per cent....
...At the moment Tesla’s shares seem to be benefiting from a “mixed bag” of factors, such as rising inflation expectations, tighter dollar conditions and uncertain credit markets, but “Tesla spends a lot of...
...Among the auto tech companies that have gone public this year, few have sold a single product....
...But we did give him credit for his China expansion in early January. Adding capacity there, when the local auto market looked shaky, appeared a brave call....
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