Core Insights - Peter Vardy Group has appointed James MacLeay as chief financial officer to facilitate its transition from automotive retail to a broader investment strategy focused on technology and mobility [1][3] - The group is shifting towards investment-led growth, emphasizing ventures like CarMoney, a digital car finance platform, and other technology-driven businesses in areas such as artificial intelligence, electric vehicles, and software-as-a-service [3][5] Company Strategy - The appointment of MacLeay is part of a strategic shift to expand the group's portfolio and invest in high-growth ventures that transform mobility access and financing [3][5] - Chief executive Peter Vardy highlighted the importance of creating businesses that deliver value, opportunity, and impact, reflecting a broader industry trend [5] Social Impact - The group continues to reinvest profits into its charitable initiatives, including the Peter Vardy Foundation and the Gen+ education initiative, which has supported over 40,000 young people in Scotland [4]

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Core Insights - Polestar has shut down its two R&D sites in the UK and laid off 130 staff as part of a strategic shift to centralize R&D efforts in Sweden [1][2] - The decision follows the completion of engineering work for the Polestar 5 model, indicating a focus on streamlining operations [2] - The company is facing financial challenges, reporting a net loss of $1.03 billion in Q2 2025, while also experiencing a significant cash burn [3] Company Strategy - Polestar is centralizing its R&D work at its headquarters in Sweden to create a leaner organizational structure [2] - The company aims to focus on developing high-performance electric vehicles (EVs) [2] Market Position - Polestar's sales in the UK reached a record of 2,758 vehicles last month, but still lag behind Tesla, which had nearly 8,000 new registrations in the same period [3][4] - The company has increasingly shifted its focus to Europe due to challenges posed by US tariffs on the global auto industry [3] Workforce Changes - In January 2024, Polestar announced plans to cut 450 jobs globally, representing about 15% of its workforce [4]

Group 1: Precious Metals Market Overview - The recent rally in gold experienced its first significant pullback, dropping below $4,000 per troy ounce after reaching a high of $4,350 [1] - Other precious metals like silver, platinum, and palladium indicated a potential pullback in gold after peaking on October 16th [1] - Geopolitical tensions, particularly in Ukraine and Gaza, continue to drive investors towards safe-haven assets like gold [2] Group 2: Investment Vehicles for Precious Metals - The iShares Gold Trust ETF (IAU) has nearly $62 billion in assets under management and a low expense ratio of 0.25%, making it a cost-effective option for gold exposure [5] - The Aberdeen Physical Precious Metals ETF (GLTR) holds a diverse range of metals and charges a 0.60% expense ratio, with $1.88 billion in assets under management [8] - Newmont Corp. is the largest gold miner globally, with a market cap of $86 billion and annual sales exceeding $18 billion, offering tax benefits compared to physical gold ownership [11] Group 3: Technical Analysis and Market Trends - IAU's price is approaching the 50-day simple moving average (SMA), which could present a buying opportunity if the price continues to decline [7] - GLTR shares have also shown support at the 50-day SMA, and the recent rally has triggered an Overbought signal on the Relative Strength Index (RSI) [10] - The VanEck Gold Miners ETF (GDX) holds 46 stocks and has $22 billion in assets under management, with a 0.51% expense ratio, but is subject to higher volatility compared to physical gold [14][16]

MARKHAM, Ontario--(BUSINESS WIRE)--From Vietnam's swift surge to Canada's measured shift, VinFast's VF 8 stands as the link between two paths to electrification, embodying both the drive of a bold newcomer and the steadiness of a market learning to trust the electric road ahead. Electric vehicles are having a mixed year around the world. In some markets, interest has slowed. In Vietnam, the opposite is true. The country's homegrown automaker, VinFast, has delivered more than 100,000 vehicles in. ...

Ford shares have been on fire since last week's earnings release as the company continues its record-setting pace in 2025. Shares are up nearly 7% over the past five sessions, thanks to the top- and bottom-line beats, but it wasn't all good news in the third quarter at the Blue Oval. Ford total U.S. sales by year: 2024: 2.08 million vehicles sold, +4.2% 2023: 1.99 million vehicles sold, +7.1% 2022: 1.77 million vehicles sold, -2.2% 2021: 1.9 million vehicles sold, -6.8% Ford Model e, the company's ...

By Nora Eckert, Abhirup Roy and David Shepardson DETROIT (Reuters) -One month after a $7,500 federal U.S. tax credit for electric vehicles and plug-in hybrids was scrapped, automakers are rethinking their product pipelines and focusing on cheaper models to keep car buyers interested, company executives said on Wednesday at a Reuters conference in Detroit. Volkswagen's U.S. chief said the company is pivoting to hybrids, which run on both gasoline and batteries, as it waits to see the natural level of cons ...

Positive Outlook for UPS - United Parcel Service (UPS) reported better-than-expected third-quarter results, leading to a significant increase in its stock price [1] - The company is expected to navigate current challenges, with some issues likely to resolve by the end of the decade [2][8] Future Challenges and Opportunities - Tariffs are anticipated to be less of a concern in five years due to potential changes in the political landscape [2] - The impact of reduced Amazon shipment volumes is expected to be fully absorbed by 2030, ultimately enhancing profitability [3] - Advancements in technology, including AI and robotics, are projected to improve operational efficiency and reduce fuel costs through electric vehicle innovations [4] Market Position and Demand - The demand for package delivery is expected to remain strong, with UPS's scale providing a competitive advantage [5][8] - UPS has maintained a high dividend yield of over 7% and has consistently increased its dividend since 1999, making it attractive to income investors [7] Potential Risks - There are concerns regarding a possible dividend cut in the future, which could negatively impact investor sentiment [9]

Sales Performance - Tesla's sales in Europe fell by 10.5% year-over-year in September, with 39,837 units sold compared to 44,502 units in the same month last year [2] - Year-to-date sales for Tesla in Europe reached 173,694 units, marking a nearly 29% decline from 242,976 units in the previous year [2] - In Italy, Tesla experienced a significant drop of over 25% in sales during September, selling more than 1,450 units [3] Competitor Analysis - BYD Co. Ltd. reported a remarkable 398% increase in sales during September, selling over 24,963 units, up from 5,013 units sold in the same month last year [4] - Year-to-date sales for BYD in Europe reached 120,859 units, representing an almost 300% increase from 30,254 units in the previous year [4] - BYD's market share in Europe is currently at 2.0%, while Tesla's market share stands at 3.2% [4] Production and Market Strategy - Tesla's Gigafactory in Germany is set to ramp up production activities, citing stronger demand, as the company delivered over 497,000 vehicles in Q3 [3] - BYD has seen steady growth in the European market, with the UK becoming its largest overseas market as of September [5] - BYD anticipates overseas sales growth, projecting deliveries between 800,000 to 1 million units, which would account for about 20% of its total deliveries for 2025 [5] External Factors - A research paper suggests that Elon Musk's political activities and views may have cost Tesla over 1 million units in sales in the U.S. from October 2022 to April 2025 [6] - Tesla is noted to perform well on Momentum and Quality metrics, while showing satisfactory Growth but poor Value [6]

Chinese carmakers posted their best month ever in Europe, roaring past previous highs in September on surging demand for battery-powered and hybrid-electric models https://t.co/O3NFz7GtWS ...