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...Auto sales, which rose 12 per cent over 2023, are one sign of lower prices supporting demand, though Loo said the auto data had been “volatile”....
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...A September study by Nasdaq chief economist Phil Mackintosh found that shorting activity hadn’t increased noticeably compared with earlier years....
...Sales forecasts decided what got created. The conglomerates made each label work to the same model. We couldn’t launch today....
...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...
...“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.”...
...And taking the company public doesn’t mean CVC will be receiving its money back any time soon. The private equity group has decided against selling shares in the IPO....
...The heir to South Korea’s largest conglomerate had been accused by prosecutors of manipulating the share prices of two Samsung subsidiaries, Samsung C&T and Cheil Industries, in order to facilitate a 2015...
...For Europe’s laggard carmakers, this slowing growth isn’t all bad news: higher-margin combustion engine vehicle sales will help with cash flows while they invest in new models....
...Amid the turmoil, ticket sales for C’è Ancora Domani — with its surprisingly uplifting ending — soared, surpassing the frothy Barbie to become Italy’s highest grossing film in 2023 — and one of its top 10...
...Yet sales, the same data set predicts, will lag even further behind. EV interest last year resulted in sales of 9.5mn vehicles, but the figure is only expected to be 9.8mn this year....
...“It has now caused a major headache for auto companies that rely on these ships....
...But non-banks still hold the most CRE debt, it seems, along with a large share of mortgages, corporate loans and auto loans....
...Among those concerned about a swift rollout of electric vehicles is the United Auto Workers union, which has endorsed Biden for 2024....
...“If somebody doesn’t believe Tesla is going to solve autonomy they should not be an investor in the company. And we will and we are.”...
...But the problem with this theory is that c) was not true. (Or at least, not true enough. Given that May was still able to form a government after everything, you could argue that c) held up....
...“They don’t have a strong strategy internationally or in China, they have too many overlapping brands that just don’t make sense,” he said....
...And if you have a fun anecdote about Windhorst (as do many in European finance), don’t hesitate to get in touch....
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
...But, you know, the major player in electric vehicles, Tesla, which has most of the sales, extremely anti-union....
...“We don’t want to end up saying this vehicle program is really good with the IRA, only to have the IRA go away, and now suddenly, the vehicle can’t make money.”...
...“We don’t want to raise taxes that fund universities and colleges, we don’t want to raise tuition to the full market level, so we subsidise it with more and more foreign students.”...
...But he added that to be competitive over the long term, “we can’t get into signing a deal that we can’t afford to pay”. GM also pulled back from ambitious targets to manufacture electric vehicles....
...like the lender and auto retailer it is”....
...EVs comprised just 9.1 per cent of US new car sales in the second quarter of this year. But as EVs sales grow, they will gradually change flows into salvage yards....
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