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...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...It’s also more than an entire Volkswagen, or Stellantis, or Ferrari....
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...But what if BYD, mostly known for its affordable EVs, wants not only to cut into Tesla’s market share, but to challenge the world’s two biggest automakers, Toyota and Volkswagen?...
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...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
...In his eagerness to stamp his imprimatur on the classic, Steven Zaillian, the show’s director, is at pains to take his drama to opposite extremes....
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...If the plans had been shelved or pared back in ambition, Tesla — which once aimed to grow to the size of Toyota and Volkswagen combined by 2030 — would for now remain a more modest manufacturer than expected...
...On Thursday, former Treasury secretary Steven Mnuchin said he was putting together a consortium to make a bid for the platform, although he did not provide details on how he would finance the transaction...
...Volkswagen this week announced that it may adopt Tesla’s North American Charging Standard. The German car company’s move matters....
...As evidence that foreign carmakers are realising the advantages, he points to Volkswagen’s $700mn tie-up with Chinese rival Xpeng last year....
...Rivals Ford, BMW and Volkswagen do not come close to that eye-watering multiple....
...Maybe a second Trump administration would repeat the pattern of the first and outsource most fiscal decision-making to the (relatively) steady hand of Steven Mnuchin, his former Treasury secretary....
...Steven Sinofsky, a former top Microsoft executive who as head of Windows lived through an earlier Brussels challenge to a big tech company, says this will lead to technical compromises that will make no...
...He Xiaopeng, chief executive of Xpeng, said the Volkswagen-backed company would add 4,000 staff and invest Rmb3.5bn ($486mn) in autonomous driving and artificial intelligence technologies....
...Steven Kelly of the Yale Program on Financial Stability thinks a sale is the best solution....
...Daniel Roeska, an auto analyst with Bernstein, said that consumers had perceived a “chasm” between the industry leaders — Tesla and BYD — and the “traditional [original equipment manufacturers]” such as Volkswagen...
...Samii had moved to Pittsburgh to work for a self-driving car company, Argo.ai, a start-up funded by Ford and Volkswagen....
...Yet there is also something unseemly about former US Treasury secretary Steven Mnuchin’s manoeuvring to get control himself....
...Volkswagen said on Wednesday it would invest $700mn in the group as it attempts to boost its presence in China’s highly competitive electric-vehicle market....
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