Hints and tips:
...Li, of U-Power, is among Chinese EV executives who want their companies to be seen as “global”....
...But Cowen’s U-turn is striking....
...Artificial intelligence won’t save the day Energy executives are sceptical that the AI boom will help reduce global emissions....
...The deal is expected to save $200mn of capital expenditure and unlock $125mn of annual cost savings....
...Goldman Sachs, Bank of America, Credit Suisse, Elliott and Vista declined to comment....
...Lenders immediately demanded that Hertz pay hundreds of millions of dollars to make up for falling auto prices....
...Just nine of the top 20 cities for Airbnb in Europe have more available listings now than in 2019, according to independent rental data analyst AirDNA....
...Car rental companies are benefiting from the vagaries of the auto industry. Supply chain problems have limited new car production while used car prices have jumped sharply....
...government money poured into the semiconductor sector,” said Akira Minamikawa, senior consulting director of U.K....
...FT House and Home examines the global rental squeeze....
...And then America’s furious pace of vaccinations buoyed hopes for the travel industry, allowing cruise companies and airliners to raise billions of cheap capital from flush institutional investors....
...On the occasion that a car is needed to leave the city, rental options make more sense. The pandemic, as with so many things, has upended this conventional arrangement....
...Hertz is the latest name in corporate America caught skinny dipping....
...This time, within weeks of the first shutdowns, the world’s biggest car rental company had run out of road....
...Eli’s Top 10 A round-up of the week’s top stories from FT newsletter writer Eli Meixler In a dramatic U-turn, Donald Trump approved Microsoft’s proposed takeover of TikTok’s US operations — but demanded...
...Soon after, it announced it would withdraw from North America entirely....
...The deal is small relative to the might of Simon and Brookfield, two of America’s biggest property companies....
...That was more than the number of robots sold in Europe and the Americas combined....
...There’s a longstanding perception that America needs a minimum of four wireless companies for healthy competition....
...However, both companies also struck other partnerships — Lyft with Ford and auto supplier Magna, and GM with an acquisition of self-driving start-up Cruise Automation — that put them in direct competition...
...Yet Tesla still receives state credits every time it sells an electric vehicle, which can be sold on to other auto manufacturers for a profit, and its customers also receive a $7,500 discount when buying...
...soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S....
...In 2001, concerned that the United States might save too much and have to start a market-distorting sovereign wealth fund (really), he publicly endorsed a round of tax cuts....
...You mean the auto company that was the biggest lossmaking US bailout by far during the financial crisis?...
...That could raise the tax bill for rental-car companies and hurt the “hefty slice of auto demand” driven by LKE programmes, according to CreditSights....
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