Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...(Pimco) — The PagerDuty CEO who quoted Martin Luther King in her mass sacking email is v v v sorry....
...Toyota, VW and others will not gleefully cede market share....
...It limits credit risk and is available on the exchange.”...
...Volkswagen has poured billions into its own system that underpins models across the VW, Audi and Škoda range, while Hyundai-Kia have launched a series of widely praised models....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...Irle also credits Tesla for its simple production line-up....
...“We’re not going to credit Tim with coming up with the next innovative idea, but what you can credit him with is that you have a platform of hardware that suddenly has services that will be 25 per cent of...
...“The diesel death march has been playing on repeat since September 2015 when ‘Dieselgate’ was first unveiled — causing VW to draw up the first plans of the ID.3 within 30 days of the scandal coming to light...
...“These are still concept stocks,” says Dan Levy, an automotive analyst at Credit Suisse....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Players of Fortnite, developed by Epic, were able to purchase an in-game currency known as “V-bucks” online, but these credits would not show up when playing on the iPhone....
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...credits to rivals who need them....
...Yet, as the VW emissions scandal showed in Germany, even stringent regulation can be evaded. Berlin in 2018 introduced a form of collective damages lawsuit after the VW case....
...Elon Musk is worth around $200bn because of the rise in Tesla’s share price, but the company’s profits are mainly due to its sale of its zero-emission credits to other carmakers....
...After such strong reads from the first two releases (three if we count Russia’s Sputnik V), the disappointing AZN figures were perhaps bound to prompt downward pressure on the company’s shares....
...“For a non-sporty car, it’s pretty good,” Mr Musk ventured to VW chief executive Herbert Diess, who sat in the passenger seat....
...The pivot to electrification is existential at VW, GM has highlighted electrification as central to its strategy3 , and Mach-E is a crucial product to Ford....
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...Tesla posted an automotive gross margin, ex-credits, of 18.6 per cent in the first quarter....
...He will be replaced by Credit Suisse Americas chief compliance officer Paula Dominick. More here. Intercontinental Exchange has named Caroline Silver to its board....
...It was a bold comparison but Mr Musk deserves credit for establishing a pure electric brand in an industry notorious for its barriers to entry....
...Data from Robintrack — which shows how many users (read: millennials) of free-trading app Robinhood are holding Tesla stock — seems to suggest so: Although, credit where credit is due....
...“I would say that, as a team, we've pretty well discounted a uniform V-shaped recovery. The question is, is it U-shaped, is it W-shaped or parts of it L-shaped?”...
International Edition