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Related Special Reports
...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
...The FT used company disclosures and its own reporting to compile the data and did not include smaller banks or minor staff cuts so the overall total of job losses in the sector will be higher....
...While use of large mechanical arms to carry out functions from lifting entire cars to installing some parts is common across the auto industry, this is one of the first uses of robots with a human appearance...
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...Yet the never-ending quest to drive prices lower is only part of Tesla’s strategy....
...The workers, who voted 2,628 to 985 to join the union, had said that Volkswagen was underpaying them, targeting the German group as part of a $40mn campaign to organise workers at 13 mostly foreign-owned...
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...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...
...The company has been through previous rounds of job cuts....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...The established auto industry has been warning for months that mainstream buyers remain sceptical of electric cars because of their higher prices and need to recharge....
...“We are hard-pressed to think of any other precedent of a company of Tesla’s size basing its path of success on such binary bets,” writes Barclays, apropos the latest thing:https://twitter.com/elonmusk/status...
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...The lull in EV sales is having a damaging impact on the auto industry....
...The vote is a setback for Elon Musk, five years after he stunned the German auto industry by announcing he would build his first gigafactory in Europe next to Berlin, throwing the gauntlet to an industry...
...I presume, or at least hope, that McKinsey will respond to Green and Hand, and I won’t call a winner in the statistical part of the argument....
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
...He criticised the company for allowing such communication to be treated differently from email. Auto-delete settings on messages contribute to their ephemeral, conversational tone....
...Younger shoppers’ penchant for Apple Pay, auto-fill payments and buy now, pay later services is eroding the company’s share of the online payment market it once dominated. Growth has sputtered....
...Embracer said it had lined up a new €900mn financing agreement through Asmodee as part of the transaction....
...Neil Thacker, Emea chief information security officer at cloud security company Netskope, warns against developing a yearly cyber security training programme, because it is unlikely to change employee behaviour...
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Apple is now trying to diversify its supply chain, relocating parts of its production to countries such as India....
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