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Showing results for SUNCOAST AUTOMOTIVE PERFORMANCE, INC.
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
...Absent the enthusiasm about a new vehicle line-up, the underlying financial performance remained disappointing....
...Daniel Kollar, an automotive expert at consultancy Intralink, said Tesla’s China performance had remained strong but the company faced challenges from local competition, a renaissance of hybrid cars and...
...Renesas, a key supplier of chips to the automotive industry, has been on a deal spree as it looks to diversify, which included adding the Apple supplier Dialog to its stable....
...There are also times when our hedge book can go against us and overwhelm the performance of our long positions.”...
...Umeda said that Panasonic had cut automotive battery production in Japan — where it produces the batteries for the more expensive Tesla models including the Model S and Model X — by 60 per cent compared...
...Tesla’s revenue fell short of Wall Street’s reduced expectations in the latest quarter and its core profit margins sagged, as planned factory shutdowns and price cuts dented the US electric-car maker’s performance...
...The impact on Japan’s car manufacturing will be monumental,” said Takaki Nakanishi, a veteran automotive analyst who runs his own research group....
...It has all the performance you need. It fits better in your pocket....
...Global impact The introduction of solid-state batteries could have a profound impact on the future of the global automotive industry....
...“Rivian is in a unique position to become the key player in the automotive industry on both the passenger and commercial side,” Infinity wrote in its letter....
...“There’s new competitors coming at Tesla so [the price cut] was the weapon they used to combat that,” said Cox Automotive analyst Michelle Krebs....
...Analysts said the contrasting share performances of the two companies marked a wider stock market rotation away from growth stocks such as Tesla to value-oriented companies, such as commodity producers,...
...The particularly poor performance of social media-driven, meme-themed ETFs is partly due to favoured constituent stocks such as computer game retailer GameStop, cinema operator AMC Entertainment and electric...
...A version of this article was first published by Nikkei Asia on October 12 2022. ©2022 Nikkei Inc. All rights reserved....
...The company is expected to get billions in state and EU subsidies to produce the miniaturised chips that are usually used for high-performance computing devices, servers and smartphones....
...Boosted by strong demand from the automotive industry, the price of nickel has gained almost 50 per cent this year to $30,000 a tonne....
...The vehicles would “have specific features that will be focused on enhancing performance of last mile delivery”, Tavares told the Financial Times....
...This year, Tesla’s rating fell into the bottom quartile of the automotive sector because of factors that included claims of racial discrimination and poor working conditions at one of its factories....
...“The terms of such equity awards are designed to align Mr Scherr’s compensation with the company’s longer-term stock price performance,” Hertz said in a filing....
...“The business up until this point has largely been a hardware automotive business with a little bit of software on top of that,” Kirkhorn said....
...“On the surface, this is great news, you get more liquidity and a billionaire paying tax,” said Philippe Houchois, an automotive analyst at Jefferies, who believes Musk will follow through on his promise...
...The advance came despite a $176m charge to reflect what the company said was a likely payout under Musk’s stock compensation plan, reflecting the likelihood the company will hit a new performance target....
...In contrast, automotive giants Toyota, Volkswagen and Hyundai, the biggest car manufacturers in the world, are worth about $254bn, $135bn and $42bn, respectively....
...Unlike automotive companies, Apple has shown it is able to overcome the global chip shortage and maintain its annual launch schedule....
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