AUTOMOTIVE
- Market
Volkswagen and ViacomCBS Are Reinventing Themselves. Why That’s Good for Their Stocks.
My 1980 Volkswagen Rabbit died a hero’s death in the mall parking lot, a quarter of a million miles on…
Read More » - ECONOMY
Forget GameStop. If You Want Real Risk, Invest in Supercars
(Bloomberg Businessweek) — Everyone notices the doors, but few pay much attention to the sills. In 1954, Mercedes-Benz unveiled its…
Read More » - ECONOMY
South Korea and Taiwan’s Chip Power Rattles the U.S. and China
(Bloomberg Businessweek) — There’s nothing like a supply shock to illuminate the tectonic shifts in an industry, laying bare the…
Read More » - ECONOMY
China Investors Await Policy Signals to Boost Faltering Stocks
(Bloomberg) — China’s renewable energy, defense and technology sectors are poised for a boost from the nation’s top political meeting…
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China’s Nio Misses Profit Forecast Even as Vehicles Sales Grow
(Bloomberg) — Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government…
Read More » - ECONOMY
Escape Artists Accused of Freeing Carlos Ghosn Can’t Evade Reckoning in Japan
(Bloomberg) — Fifteen months after security contractor Michael Taylor smuggled the former Nissan Motor Co. chairman Carlos Ghosn out of…
Read More » - ECONOMY
Deal for Key Metal in EV Revolution Brought Bonanza for Newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known…
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Biden Team Pressing Taiwan, Allies on Auto Chip Shortfall
(Bloomberg) — President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor…
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GameStop and AMC stocks spike anew, as Reddit struggles to stay online
A previous version of this report inaccurately indicated, based on an erroneous tweet, that Robinhood intended to limit trading in…
Read More » - ECONOMY
For the Posh, Bentley’s New Flying Spur Is Practically Pious
(Bloomberg) — Bentley isn’t the first brand that springs to mind when it comes to green driving. Tesla and Toyota…
Read More » - Market
Tesla stock’s drop likely related to bitcoin bet
Tesla Inc. stock entered a bear market on Tuesday and a few analysts pinned that on the Silicon Valley electric-car…
Read More » - ECONOMY
When the Fantasy of Better Battery Science Doesn’t Match Reality
They may be waiting a while: The technical challenges of making better batteries (and therefore, electric vehicles) are enormous and…
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U.S. death toll atop 500,433 as Biden calls for unity, face masks and vaccination ‘when it’s your turn’
Just one day after the U.S. recorded half a million deaths from the coronavirus-borne illness COVID-19, the death toll hit…
Read More » - Finance
Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin
Companies are starting to express interest in bitcoin as a long-term investment, following in the footsteps of listed giants such…
Read More » - Finance
Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
Read More » - ECONOMY
Mexico Shifts Into Reverse on Electric Vehicles
(Bloomberg Opinion) — The combustible engine’s end date is firming up: General Motors Co., the largest of the Detroit big…
Read More » - ECONOMY
Cars, Crime, and Startup Culture in HBO’s The Lady and the Dale
(Bloomberg) — Elizabeth Carmichael is a difficult character to love. She conned thousands of people out of their hard-earned money. She…
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