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...Marshall Motor Group has also been bought by Cinch-owner Constellation, while Lookers was bought by Canada’s Alpha Auto in a deal announced last year, and Cambria was taken private by its management team...
...Europe’s largest carmaker announced falling sales and profits in the first quarter, as the auto industry faces weaker demand and higher fixed costs....
...Some opportunistic buying seems to be happening in the auto sector....
...SAIC Motors, the largest Chinese auto exporter, has “initiated a site selecting process for a European auto manufacturing base”, according to its latest annual report....
...Toyota last week chose the Beijing auto show, the premier industry event of the year in China, to unveil a new partnership with the owner of the WeChat superapp, Tencent....
...The years since have involved a complex balancing act to get supply and demand aligned for components, and then the end autos themselves....
...In theory, joining forces could mean integrated supply chains and optimised operations....
...plant by a vote in the southern states since that decade and the first of a foreign-owned auto factory....
...Meanwhile, in the corner of a Tesla dealership near you, a mocked-up Optimus is surveying with unseeing eyes the deserted shop floor: Further reading:— Putting a price on Tesla post Musk (FTAV)— Tesla’s Springfield...
...Chinese electric-vehicle makers BYD and Neta Auto are poised to challenge Japan’s dominance in the Indonesian car market, announcing new investment plans and rolling out their latest models at an auto show...
...That left fewer shares available for investors on the open market, creating a “supply-demand imbalance” and thus “a positive reaction” from buyers, said a banker who worked on the deal....
...Workers at a Mercedes-Benz factory in Alabama have called for a vote to join the United Auto Workers union, part of a wider campaign to unionise foreign-owned auto plants that has also targeted Toyota and...
...Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana. Both were lossmaking business models with complex supply chains....
...“Xiaomi doesn’t have much experience in the auto field,” said Lam. “But it is a supply chain master . . . and joined the race at a time when things have grown relatively established.”...
...“The US wants to create alternative supply chains in partner countries . . . but what happens when it’s Chinese companies that are building those supply chains?”...
...800,000 electric vehicles.The lithium deposit, which Lithium Americas says is the US’s largest, will help to reduce the US auto industry’s reliance on China for the EV battery material when it begins producing...
...Auto insurers across the US had struggled with the high replacement costs of new cars, exacerbated by supply chain issues and surging inflation....
...“A quadrupling of this tariff rate, however, would more effectively shield US auto manufacturers from unfairly traded Chinese vehicles before they can gain a foothold in the US market,” Cutler said....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...Instead, Hohenshell sees a different motive: Toyota wants to halt the march of the United Auto Workers. “It’s a bribe,” he said....
...“Benign supply chain conditions, plentiful inventories and industrial overcapacity in China will help to keep a lid on core goods inflation,” Capital Economics analysts Simon MacAdam and Ariane Curtis wrote...
...Manufacturers of autos, missiles or medical devices require large volumes of foundational chips as well. Here, too, the Chips Act is providing significant new supply....
...In its rapidly evolving auto market, for example, half of all new car sales will be electric by 2025, thinks Bernstein. China’s most important oil supplier, Opec, is more upbeat....
...The set-up allows the company to flex supply based on demand, easing the long process of winding down its legacy products. However, there will still be a significant jobs impact....
...Data group Cox Automotive found that car dealers only have a 20-day supply of GM’s Chevrolet Colorado midsize truck, down from 35 days last month, while the supply of GM’s GMC Canyon midsize truck has shrunk...
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