Cutting prices no longer gets you very far in China’s electric car market. BYD’s sticker price of $11,000 for its lower-end electric vehicle
“It wouldn’t surprise me if they see an outflow of clients over the next six months,” one user told MarketWatch.
The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job. Junior banker Leo Lukenas III died of an acute coronary artery thrombus, a type of blood clot, the New York Office of the Chief Medical Examiner said last week. Lukenas said in mid-March that he wanted to leave Bank of America because of the grueling hours, Douglas Walters, a managing partner at GrayFox Recruitment, told Reuters in an interview.
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.
(Reuters) -Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday to attract price-conscious consumers amid competition from rival Lyft. The initiatives were unveiled at the company's GO-GET annual event for new products and are meant to maintain growth at the ride-share and delivery giant after a strong 2023 that saw it reporting its first-ever annual profit. The San Francisco, California-based company said it will allow Uber Shuttle users to reserve up to five seats in advance on buses operating in high-traffic areas like airports, concerts, and sports events.
Toyota Motor and Ford Motor executives might feel a little uneasy Wednesday morning. On Tuesday, the Chinese electric vehicle giant unveiled its Shark pickup truck in Mexico. It’s the company’s first truck, a plug-in hybrid vehicle that is a little longer than a Ford Maverick and a similar size as the Toyota Tacoma.
The new Tesla layoff plans come as the EV maker undertakes a series of global job cuts that began a month ago amid falling sales and a price war.
“We are homebodies with fairly simple and inexpensive tastes.”
Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”
Henrik Fisker’s electric-vehicle startup burned through cash and struggled to make and sell an auto.
If you want to learn how to succeed like Buffett, understanding his biggest investment decisions would be a good place to start.