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...That fell to 67 per cent this year, but remained above long-term averages....
...“But we have done casting for a long time . . . and ultimately we believe we can produce a product that will be cheaper, lighter and thinner with high performance.”...
...There are six years to go to the finish line, when an audit will reveal whether the goal has been reached....
...That’s Ford, General Motors and Stellantis....
...Deutsche Börse chief Theodor Weimer said he won’t pursue another term when his contract runs out next year, per Reuters....
...To meet the growing demand for such vehicles in Thailand, Denso plans to convert existing production lines in the country, Inuzuka said....
...In very simple terms, QE saw the Bank of England purchase UK long-term government bonds, financing them with newly created interest-paying reserves....
...However, John Collison, president of Stripe, insisted that he had no “near-term” plans to take the company public....
...“Stock markets are a voting machine in the short term and a weighing machine in the long term. It doesn’t really matter,” he adds. “The price went up more than it should have....
...GlobalFoundries chief executive Tom Caulfield said that partnering with a carmaker would allow the company to “bring new features to market faster and ensure long-term, supply-demand balance”....
...Today, he is a board member at Polestar, the electric vehicle spin-off from Volvo that plans to go public through a Spac this year....
...At least, for as long as their programming didn’t get corrupted or hacked....
...“We will consult with surrounding municipalities and other organisations to create an evacuation plan and prepare for the unexpected in terms of both hardware and software,” Yoneda said....
...Within days of telling staff to “get real”, McCarthy was quelling speculation of a bid by Nike or Amazon, telling the FT he would lead for the long term....
...But Armani has evaded the French luxury giants thus far and long insisted on maintaining control over his company....
...Indeed, Geely’s plans for its premium EV brand, Zeekr, underscore the fact that its current model line-up can do little more against Tesla. The strategy makes sense....
...“No one really has an advantage in terms of history and many Chinese start-ups started out with global perspectives and built international teams,” he said....
...“Today is worse than 2018 in terms of prices, but at least we have a dialogue with the government....
...But while the long-term outlook for the electric vehicle industry is rosy, the world is currently battling an unprecedented chip and component shortage, which has already hit automakers....
...These included credit card terms and conditions, and the process behind fulfilment of mortgages....
...Supply chain reforms “need to be implemented with a long-term perspective, and not just to reduce costs and increase profits”, he said....
...A version of this article was first published by Nikkei Asia on May 5 2021. ©2021 Nikkei Inc....
...Drop us a line and join the conversation: Due.Diligence@ft.com....
...DD doesn’t pretend to know every line in the term sheet before the Trump administration. If anyone has a copy, you know where to find us....
...Boeing, Delta Air Lines and cinema operator AMC, have bravely swallowed even more debt, believing that it might keep them alive long enough that they will eventually find a cure....
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