Wednesday, March 12

Tag: Bayerische Motoren Werke

North Carolina’s Billion-Dollar Bet on an EV Outsider
11Dec By adminNo Comments
World

North Carolina’s Billion-Dollar Bet on an EV Outsider

Updated Dec. 11, 2023 12:13 am ETHAIPHONG, Vietnam—When electric-car startup VinFast Auto was looking to build a factory in the U.S., one state caught its attention in particular: North Carolina. For years, officials there had been trying to get an automobile manufacturer to set up shop in rural Chatham County. More than a billion dollars of incentives got them the Vietnamese upstart with huge ambitions but a limited record.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
U.S. Subsidies Fuel Boom in Global Auto Trade
19Nov By adminNo Comments
World

U.S. Subsidies Fuel Boom in Global Auto Trade

SINGAPORE—Auto exports from Europe and Asia are surging as the U.S. and other countries lavish subsidies on electric vehicles and dealers replenish inventories that even now aren’t back to prepandemic levels. The boom in autos contrasts with broader weakness in exports as the global economy slows. The trend offers a glimpse of how the West’s embrace of industrial policies aimed at stimulating domestic manufacturing and reducing the use of fossil fuels is causing wrinkles in patterns of world trade. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
BMW Confirms Guidance After Revenue Rose, After-Tax Profit Slipped
3Nov By adminNo Comments
World

BMW Confirms Guidance After Revenue Rose, After-Tax Profit Slipped

BMW confirmed its full-year guidance after revenue rose and aftertax profit fell in the third quarter.The German car maker said Friday that revenue rose to 38.46 billion euros ($40.85 billion) from EUR37.18 billion in the third quarter of last year. Analysts had expected revenue to come in at EUR37.42 billion, according to FactSet estimates.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Is Germany's Economic Model Truly Kaputt?
11Aug By adminNo Comments
Money

Is Germany's Economic Model Truly Kaputt?

An overreliance on foreign markets puts the German economy in a difficult place, but its well-preserved industrial base is an advantage at a time when other countries are trying to reshore manufacturing.
Read More