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...Sales in North America and Europe were especially strong....
...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....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
Tesla boss shows Argentine president Texas factory where they talked about lithium, Brazil and a disdain for bureaucracy
...It would also add about 3,000 jobs to the site it calls the “epicentre of lithium-ion battery production in North America”, bringing the total to more than 5,000....
But the boost to liquidity can prove shortlived
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...The Toyota group, which includes Hino and Daihatsu, still targets 11.4mn vehicle sales for the full year, with an increasing share coming from North America....
Delaware court previously voided chief executive’s $56bn remuneration
...Stellantis, which already manufactures EVs in Europe and North America, aims to produce fully electric vehicles as soon as 2026 in South America, said Tavares, adding it would depend on bringing down costs...
And more on bad buybacks
Americans account for 14% of users but their revenue contribution will be higher
...Toyota said some exports might be affected, while Volvo and JLR also use the port....
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
Legal battle between talent agency and Michael Kassan centres on jet flights and other spending
...Ultimately, the company is planning to quadruple its EV battery capacity annually by 2031, mainly in North America....
Also in this week’s newsletter, the Detroit Lions roar back and Real Madrid top football rich list
And yet, we’re struggling to care
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
US state’s chancery court plays a key role in balancing interests of boards and investors
AI could be a game-changer for many of the tech giants
...But Bryan Armour, director of passive strategies research for North America at Morningstar, said that on closer inspection a slightly different picture emerged....
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