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Netflix Inc
Netflix profits surge after password-sharing crackdown
...“Each incremental member has a different business impact” with the new subscription plans, Greg Peters, co-chief executive, said in a call with investors....
April 18, 2024
Volkswagen AG
Volkswagen considers partnership to produce mass market electric vehicles
...Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China....
March 13, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Toyota’s strong 14 per cent operating profit margins, is partly thanks to growing hybrid sales, which accounts for about a third of total sales. For BYD, the profitability boost is starting to show....
March 5, 2024
Bird Rides Inc
Electric scooter rental pioneer Bird files for bankruptcy
...Bird Global, the company that pioneered on-street electric scooter rentals, has filed for Chapter 11 bankruptcy protection in Florida, five years after becoming the fastest start-up ever to reach a so-called...
December 20, 2023
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...Apple’s car would have cost a reported $100,000, while falling short of the fat profit margins the company enjoys from sales of iPhones....
February 28, 2024
Uber Technologies Inc
Uber records first annual profit as market value approaches $150bn
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
February 7, 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
LexUber Technologies Inc
Uber should steer clear of buybacks Premium content
...Take a look at the difference between Uber’s operating profit of $1.1bn and net income of $1.9bn and it is also clear that something beyond rides and food delivery is helping push up profits....
February 8, 2024
News in-depthNIO, Inc
Inside Nio: Electric car group’s boss William Li and his fight for survival
...Some see his bet on battery-swapping technology — which is at the heart of the electric vehicle group’s business plan and competes with the likes of Tesla that only charges vehicles individually — as unworkable...
December 29, 2023
Berkshire Hathaway Inc
Buffett sounds wildfire alarm as utilities industry enters new era
...Utilities have long been dependable motors of Warren Buffett’s Berkshire Hathaway conglomerate, turning out steady profits at rates of return approved by regulators....
March 1, 2024
#techAsia
TikTok’s fate and Taiwan tech suppliers’ shift Premium content
...Fast fashion, big profits Online fast-fashion group Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with a blockbuster listing in New York or London....
April 4, 2024
Disrupted Times
Brussels blasts Big Tech
...Xiaohongshu or “little red book”, China’s answer to Instagram, has made its first profits as advertising and ecommerce revenues ramp up....
March 25, 2024
Uber Technologies Inc
Uber debuts $7bn share buyback as tech groups step up capital returns
...Uber revealed its plans to repurchase up to $7bn shares as part of a closely watched investor update that also outlined important details about its growth strategy and financial goals over the next three...
February 14, 2024
Due Diligence
Private equity takes over golf Premium content
...The 2018 plan granted him another 304mn of share options. They would have boosted his stake to about 20 per cent, but that has gone out the window....
February 1, 2024
Tesla Inc
Tesla’s Cybertruck: hotly anticipated, long delayed, a ‘nightmare’ to make
...Ram plans three new electric pick-ups from next year, and may bring smaller electric pick-ups to Europe as well, commercial vehicle boss Jean-Philippe Imparato told the FT this week....
October 21, 2023
ExplainerElon Musk
What the $56bn Tesla pay deal setback means for Elon Musk and his empire
...The Delaware ruling threatens to curtail Musk’s plan to finance his growing business empire by borrowing against his Tesla stock....
January 31, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
News in-depthBYD Co Ltd
Wang Chuanfu, the driving force behind BYD’s rise
...A big test of this would be the company’s plans to build its first European car factory in Hungary....
January 4, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...It’s unclear what Scherr plans to do next....
March 20, 2024
#techAsia
Huawei goes ‘007’ and TSMC gets a grant Premium content
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
April 11, 2024
Due Diligence
Elon Musk gets squeezed in Delaware Premium content
...Musk’s stock-based incentive plan was originally valued at $2.6bn, but it was tied to Tesla’s financial performance and today is worth $56bn....
February 2, 2024
LexXPeng, Inc
Didi/Xpeng: EV deal will help both companies speed up profit goals Premium content
...This plan should allow Didi to cut research costs while maintaining access to the technology. Driverless robotaxis are already on the roads in some Chinese cities....
August 28, 2023
Unhedged
Everyone calm down about CPI Premium content
...Management will discuss strategy and capital allocation plans, and we’ll be listening closely. Unhedged has been mostly sceptical about Uber....
February 14, 2024
Inside BusinessSujeet Indap
Hertz and Carvana: what their diverging fortunes tell us
...Yet, in a remarkable turnaround, Carvana shares this year have shot back to $30, prompted by a furious cost-cutting plan that has taken out $1bn of annual expenses....
November 30, 2023
Disrupted Times
Falling inflation boosts hope of early ECB rate cut
...Saudi Arabia, the world’s biggest oil exporter, ditched its plan to raise production in a major policy reversal....
January 31, 2024
LG Energy Solution
EV battery maker echoes Musk warning that high rates will hit sales
...It plans to produce cheaper LFP batteries from 2026 to meet demand for lower-priced models....
October 25, 2023
Electric vehicles
Chinese electric-car shares boosted by Volkswagen investment in Xpeng
...The collaboration between Audi and SAIC would start with electric cars “in a segment where Audi does not yet have a presence in China”, VW said, without elaborating on the timing of plans....
July 27, 2023

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