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Who should buy Renault?

Purchasing Renault at its 10 billion market cap would essentially pay for itself. With the company boasting 7 billion in net cash and a Nissan stake valued at 6.6 billion, these assets alone exceed what any potential buyer would require to justify the current market price.

Comparatively, both Stellantis (NYSE: STLA) and Volkswagen hold reserves far exceeding the value of Renault on their balance sheets. In fact, Renault itself possesses enough financial power to buy itself and transition into a private entity. This situation highlights two critical concerns: firstly, the underestimation of long-term risks in the automotive... More

Ford (F) reports decline in U.S. sales in November

Ford Motor (NYSE: F) reported Monday a 0.5% decrease in U.S. new vehicle sales for November. This decline comes as the Detroit automaker is focused on resuming operations in crucial plants following a prolonged workers' strike, impacting overall vehicle production.

In late October, Ford successfully negotiated a... More

Tesla (TSLA) China sales fall nearly 18% in November

Sales of Teslas (NASDAQ: TSLA) Chinese made electric vehicles dropped by 17.8% in November compared to the previous year, reaching 82,432 cars, according to data from the China Passenger Car Association (CPCA) released on Monday.

This decline represents the most significant drop since December 2022, when Tesla experienced a 21% decrease following a reduced output and slashed pricing in response to an increase in inventory and a decrease in consumer demand.

However, deliveries of China-manufactured Model 3 and Model Y... More

U.S. to impose limitations on Chinese battery content for EV tax credits

U.S. President Joe Biden and his administration released guidance on Friday that will impose restrictions on Chinese content allowed in batteries qualifying for electric vehicle (EV) tax credits beginning next year.

In a victory for automakers, the U.S. Treasury is set to provide a temporary exemption for certain essential trace minerals from recently imposed stringent regulations that restrict materials originating from China and other nations labeled as "Foreign Entity of Concern"... More

CFRA Comments on Tesla (TSLA) Cybertruck: 'acceptable margin on the vehicle'

CFRA analyst Garrett Nelson reiterated a Buy rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We maintain a 12-month target of $300, based on a '25 P/E of 48x, justified by long-term growth expectations. Our estimates are unchanged. TSLA... More

Ford (F) executives target changes in cost and quality

Executives at Ford (NYSE: F) revealed Thursday that the Detroit automaker is intensely focused on cost reduction strategies spanning commodities, labor, warranties, and the design of its upcoming third-generation electric vehicles.

"We're focused on making meaningful changes in cost and quality" over the next year or two, Said CFO John... More

Big Lots (BIG) surges after posting narrower-than-expected loss despite sales decline

Big Lots (NYSE: BIG) shares surged Thursday on the back of its latest earnings release, which saw it top consensus earnings expectations.

The company reported Q3 EPS of ($4.38), $0.30 better than the analyst estimate of ($4.68). Revenue for the quarter came in at $1.03 billion, down 14.7% from last year but in-line... More

Musk tempers expectations ahead of Tesla (TSLA) Cybertruck event

Tesla (NASDAQ: TSLA) is preparing to start deliveries of their long-awaited Cybertruck electric pickup this Thursday, following CEO Elon Musk's cautious remarks about production challenges for this groundbreaking product.

The Cybertruck marks Tesla's debut in new vehicle models after almost four years, holding substantial importance in maintaining the brand's image as a pioneer in inventive automobiles.

Amidst a period where the company faces reduced demand for electric vehicles (EVs) and heightened competition, the success of the Cybertruck holds... More

Mercedes-Benz teams with BMW to expand EV charging in China

German automaker, Mercedes-Benz disclosed Thursday its successful negotiation with BMW to establish a collaborative partnership to focus on a robust charging network for high-powered electric vehicles in China.

The company, in its statement, outlined plans to install a minimum of 1,000 high-power charging stations, adding around 7,000 charging points across... More

Immunogen (IMGN) shares surge on news of takeover by AbbVie (ABBV)

AbbVie (NYSE: ABBV) announced Thursday that it will acquire Immunogen (NASDAQ: IMGN) and its flagship cancer therapy, Elahere, in a deal worth $31.26 per share.

The transaction values ImmunoGen at a total equity value of approximately $10.1 billion and is expected to close in the middle of 2024.

Elahere... More