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...BYD has slashed the cost of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, amid an escalating price war in the world’s largest EV market...
...Belfast’s Casement Park is in line to be a venue for Euro 2028, due to be held across the UK and Ireland....
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...The high-speed rail line had been expected to boost cross-border business as well as development of areas along the line....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Utilities have long been dependable motors of Warren Buffett’s Berkshire Hathaway conglomerate, turning out steady profits at rates of return approved by regulators....
...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....
...The strike continues against the other two Detroit carmakers, General Motors and Stellantis....
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
...The Apollo proposal also featured a “roll-up” component that would have given Apollo’s earlier $500mn secured loan to Yellow “superpriority” status alongside the DIP loan, putting it first in line for repayment...
...Progress on Rivian’s assembly lines, easing of clogged supply chains and the increased production of motors made in-house aided the outlook....
...As Zhang of Huanghe Science and Technology University says: “Technology is advancing fast . . . car production lines built four or five years ago don’t carry much utility value.”...
...A blizzard blowing straight at the Tesla picket line did little to dull the spirit of strikers protesting this week against Elon Musk’s carmaker, in what is shaping up as a transatlantic clash of ideals....
...There are six years to go to the finish line, when an audit will reveal whether the goal has been reached....
...United Auto Workers, the 391,000 member union that represents workers at General Motors, Stellantis and Ford, elected a new president in March who has also pledged to be tougher on employers....
...He noted that “multi-brand” chains “help us serve distinct consumers or price points”.Nike’s direct to consumer push isn’t without its own challenges: freight costs, foreign currency exchange rates, and...
...The stock has jumped in the past two months as General Motors, Ford, Volvo and Amazon-backed Rivian signed deals to adopt the battery charging standard developed by Tesla, opening up a new line of revenue...
...Overall gross bookings, including from its delivery and freight business, grew 19 per cent to $30.7bn....
...Being a more localised and focused company means capital is not being siphoned for other costly lines of business. In practice, size matters....
...Soaring freight rates and a subsequent surge in profits during the pandemic have encouraged some shipping companies to splurge on new ships — few of which will have wind-propulsion systems....
...The effects on Ford’s bottom line will be “relatively minor,” Jonas says. But he has his doubts about the legacy automakers’ competitive edge....
...“If you build it, they will come,” goes its famous line. The words were meant for mythical sports heroes flocking to a small field in Iowa....
...A version of this article was first published by Nikkei Asia on January 13 2023. ©2023 Nikkei Inc....
...That’s Ford, General Motors and Stellantis....
...The system assesses the dangers and the business lines involved....
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