Hints and tips:
...The buying entity, Global Auto Holdings Limited, was only incorporated in December, indicating that talks have been going on for several months....
...Not only are BYD’s EV sales up 300 per cent, the company produces some of the lowest-cost EV batteries in China, and has an auto chip business to boot....
...At this stage, the company has not incorporated any financial impact from the coronavirus situation into the guidance, but will continue to monitor the situation closely....
...The response will be to direct activity and capital to the EU over time, downgrading the UK to a sales and distribution centre....
...Behind the lavish presentations and plush cars lingered a deeper fear: that the carmakers’ problem is not whether sales can recover momentum, but whether the 100-year-old industry can develop the new technology...
...During QE2, auto and light truck sales were averaging 12.4 million units....
...But other analysts fear the market is nearing its peak, over-reliant on subprime auto loans and stalked by the spectre of a rise in interest rates....
...But the auto components division accounts for the largest slice of earnings, with turnover of €116m last year, 38 per cent of the total....
...Yutong, which began as a single factory in 1963, was incorporated in 1993 and listed on the Shanghai Stock Exchange in 1997....
...Its shares climbed 3.9 per cent to Y107, leading a broad rally for the country’s auto stocks....
...No takeover battle or asset sale is complete these days without speculation about a possible bidder from China....
...Factory output in October rose 1.6 per cent on a seasonally adjusted basis, led by autos and semiconductors....
International Edition