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...The EU does not have a policy that allows it to buy and store the metal. Some opportunistic buying seems to be happening in the auto sector....
...Apple has removed Meta’s WhatsApp and Threads applications from its China app store following instructions from authorities....
...The union was also concerned about potential “knock-on effects” for workers in traditional stores....
...“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 on Tuesday....
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...Things have improved since and the company has won praise for its online and in-store shopping experience. Nevertheless, the business is still saddled with more than €3bn of debt....
...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....
...But the company was ultimately unable to get permission to operate locally....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...As one senior executive at a global auto company told me, if the Chinese sell an EV that is just as good as a western car, but cheaper, that is one thing....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...The role of the state in China is difficult to easily map on to transparently-codified norms in western economies....
...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....
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...share gains, especially as the legacy Western OEMs have struggled mightily on cost....
...Despite auto market pressures, China’s slowing economic growth and western trade protectionism there are no signs that BYD is rethinking its plans for global expansion....
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...As it grows outside of China, the company is having to jettison its historic reliance on domestic funding, and raise capital through western markets that are increasingly sceptical about Chinese businesses...
...More auto news: Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s...
...Workforce 2.0 A labour crisis in Japan is forcing companies to rethink the way they operate, putting in jeopardy iconic features of its service economy, from 24-hour convenience stores to food trolleys...
...At its peak the group held a property portfolio of luxury addresses — including London department store Selfridges, KaDeWe in Berlin and the Chrysler Building in New York — which Benko boasted was only rivalled...
...“In order to retain market share western carmakers have to slash prices as well.”...
...Now the German auto group is learning the hard way that politically-driven investments have the potential to become hefty financial and reputational risks....
...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...
...The two companies said on Thursday that in 2024 auto dealers would be able to sell cars on Amazon’s US store, with Hyundai the first brand available for shoppers to buy....
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