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...As part of the agreed deal between International Paper and DS Smith, the US company said it would seek a secondary listing of its shares on the London Stock Exchange.The directors of DS Smith have given...
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Yet the never-ending quest to drive prices lower is only part of Tesla’s strategy....
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...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
...The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating...
...“Southern workers are ready to stand up and win a better life,” Kelcey Smith, a worker in the paint department at Volkswagen Chattanooga, said in a statement....
...The lull in EV sales is having a damaging impact on the auto industry....
...Sales of battery electric vehicles (BEV) in Europe dropped 11.3 per cent year on year in March, the second fall in four months, according to figures this month. The timing of Easter played a part....
...Here’s what else I’m keeping tabs on today: Economic data: Economists expect retail sales to have rebounded in February from a fall in January....
...“There’s a lot of interest for this product,” said Ian Cooper, head of UK rates sales at Citibank....
...“Global EV sales continue to be under pressure as many carmakers prioritise hybrid over EVs.”...
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...Acquiring DS Smith could face anti-trust challenges in Europe, but we think the deal could get done with the sale of a few box plants....
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...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...Thames Water’s debt also increased steeply from £3.4bn in 2007 to £10.8bn at the point of sale....
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
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