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...Buffett considers that figure to be “worse-than-useless”, given accounting rules require the company to include the quarterly swings in value of its $354bn stock portfolio in its bottom line....
...A soothing chart from Pantheon Macroeconomics (the green line refers to an abrupt 0.6 per cent jump in homeowners’ imputed rents): Put simply: we are more relaxed than the bond market....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...The US electric-vehicle maker Rivian said it will make 2,000 more trucks, vans and SUVs than originally planned this year, accelerating output after improvements along its production lines in the second...
...The 88-year-old UAW has endured other technological transitions, including when factories began automating production lines in the 1970s....
...Yellow is not reorganising but rather selling off its terminals, trucks and trailers. The gross proceeds collected may far exceed $2bn....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...Deliveries of the Cybertruck, Tesla’s highly anticipated rival to pick-up trucks, are due to begin this quarter....
...The union is demanding universal pay rises, the end of the existing two-tier pay system, and the installation of air conditioning into trucks, among other things....
...Lachlan quit the company in 2005 after falling out with Rupert, but returned from exile in Australia 10 years later, driving up to the Fox lot in a pick-up truck....
...Since 2021, the year Rivian’s first truck rolled off the Normal assembly line, he has wired garages to make it easy to install an electric car charger....
...Some strategists caution that even if Biden did take a harder line with Israel, that could alienate him from those Democrats who want him to strongly support the Jewish state....
...Sander said Ford expected to make a profit in the European wing of its electric car unit in 2025, which is in line with industry estimates that high costs and relatively low sales will hamper profitability...
...“The only way to find out more about a sculpture is to go to where the people are and ask them” was her line....
...The effects on Ford’s bottom line will be “relatively minor,” Jonas says. But he has his doubts about the legacy automakers’ competitive edge....
...“But with a vehicle that has hundreds of suppliers and thousands of components . . . it only takes one part from one supplier to stop the line.”...
...Now read these Truck let-off: Trucks and coaches in the EU must cut their emissions by 90 per cent by 2040 under plans seen by the FT, a softer target than for cars....
...This is not because of brand loyalty or particular love for trucks. Thailand’s excise tax on pick-up trucks is as low as 3 per cent. For passenger cars, it ranges as high as 50 per cent....
...He also said the company had raised the price of its electric F-150 Lightning pick-up truck by $11,000 since launching the model....
...The average age of cars and light trucks on US roads is a record 12.2 years according to IHS Markit....
...Tesla has to keep refreshing and expanding its product line just to stand still; and economic realities get in the way of all product roadmaps for all manufacturers, even Tesla....
...After moving in line in the years immediately after the deals, Fiserv’s valuation is 50 per cent higher than FIS’s now: Finally and most importantly, look at the growth rates of the two companies’ merchant...
...It was subsequently amended to correct the sales growth of Leapmotor and the unit sales of Ora. ©2023 Nikkei Inc. All rights reserved....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...The deal “could exacerbate existing antitrust, labour, and price-gouging issues in the grocery sector and further raise prices for vulnerable Americans”, US senators Bernie Sanders and Elizabeth Warren wrote...
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