Electric vehicles (EVs) that do not need palladium are gaining market share and automakers are substituting some palladium for cheaper platinum in combustion engine vehicles. By Peter Hobson An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal used to neutralise… Continue reading Electric vehicles throw palladium’s mega-rally into reverse
Tag: Morgan
Greaves Cotton joins with UK-based Eta Green to produce 2&3W e-powertrain suite in India
Greaves and Eta Green Power will jointly bring technology pertaining to motors and motor controllers with integrated battery chargers for electric 2 and 3-wheelers. New Delhi: Greaves Cotton Limited has collaborated with Eta Green Power Ltd., an advanced electric drive system design company based in the UK, to have exclusive rights to its technology in… Continue reading Greaves Cotton joins with UK-based Eta Green to produce 2&3W e-powertrain suite in India
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DETROIT, Jan 27 (Reuters) – General Motors Co (GM.N) and Ford Motor Co (F.N) are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs). Now, the Detroit rivals must convince investors that last year’s profit formula can keep working when costs for EV batteries are… Continue reading Gallery
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LONDON, Jan 27 (Reuters) – An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal used to neutralise vehicle exhaust emissions. Palladium , once the cheapest major precious metal, rocketed from less than $500 an ounce in 2016 to above $3,400… Continue reading Untitled
Stripe hires Goldman, JP Morgan to explore US listing, private share saleSome employee share options are coming up for expiry but Stripe shares are no…
Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters. The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give… Continue reading Stripe hires Goldman, JP Morgan to explore US listing, private share saleSome employee share options are coming up for expiry but Stripe shares are no…
Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares rose nearly 11% Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer’s outlook. Tesla cut prices at the… Continue reading Tesla shares pop on ‘better than feared’ earnings results, demand outlook
Driven Brands elevates Danny Rivera to newly created Chief Operating Officer role
CHARLOTTE, N.C., Jan. 26, 2023 /PRNewswire/ — Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”), the largest automotive services company in North America, today announced the appointment of Danny Rivera to the newly-created role of Chief Operating Officer effective February 20, 2023, reporting to Chief Executive Officer Jonathan Fitzpatrick. Driven Brands is… Continue reading Driven Brands elevates Danny Rivera to newly created Chief Operating Officer role
How Tesla’s price cuts could spur an EV pricing war
A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this… Continue reading How Tesla’s price cuts could spur an EV pricing war
High-Speed Vehicle-Inspection Technology for Dealers on Display at NADA
UVeye’s industry-first suite of tire, underbody and exterior inspection technology sets new standards for speed, accuracy and cost efficiency General Motors, Hyundai, Toyota Tsusho, Volvo and CarMax are investment partners in development of the new technology DALLAS, Jan. 25, 2023 /PRNewswire/ — The auto industry’s first fully automated suite of vehicle-inspection systems for dealership service… Continue reading High-Speed Vehicle-Inspection Technology for Dealers on Display at NADA
Ford to cut 3200 European jobs, warns German union
Ford will cut up to 3200 jobs across Europe as it shifts development work to the US, according to German trade union IG Metall. The American firm plans to drop up to 2500 staff in product development and up to 700 in administration, affecting most German plants plus Belgium and the UK, the union said. It… Continue reading Ford to cut 3200 European jobs, warns German union