#price war

[awesome-casuallyfamouscollector]

[BREAKING NEWS!] EV sales hit tipping point; China's largest oil company says ICE is finished

EV sales hit tipping point; China's largest oil company says ICE is finished

[newyorkthegoldenage]

Well, there was a war going on in the early 1940s. In fact, American and British planes had just been shot down in Germany and off the Alaskan coast. But this shopkeeper on 42nd St. had another type of war in mind when he put this sign up in his window.

Photo: Keystone Press Agency via the Holden Luntz Gallery

[theexodvs]

The only reason American politicians are saying, “ZOMG DEATH 2 RUSSKIES!!!!!” is because they are Saudi assets.

[atrahasis]

Why America needs more Teslas and fewer Ubers

Tesla spends billions on factories. Uber spends billions on pointless price wars.

The problem for investors is that there just don't seem to be very many companies like this. There are too many investment dollars chasing too few investment opportunities. Increasingly desperate investors have poured money into companies like Uber and food delivery startups whose main strategy is to use lavish spending to lure customers away from rivals.

This helps to explain slowing growth of the US economy as a whole. Investments in new factories, equipment, and technologies are a major way that advanced economies grow. But this kind of investment has gotten less and less common, both in Silicon Valley and in the broader economy.

[cnevpost]

CAAM submits 'urgent report' to Chinese authorities as price wars leave dealers in peril

CAAM has called on Chinese authorities to introduce financial relief for the dealership sector, saying that price wars have led to a cumulative loss of RMB 138 billion yuan ($19.6 billion) in new car retail sales in the January-August period. (A Honda electric car on display at the Beijing auto show in April 2024. Image credit: CnEVPost) An automotive industry association has suggested that the…

CAAM submits 'urgent report' to Chinese authorities as price wars leave dealers in peril

[hennethgalad]

capitalism is a con, only the extortion of profit is allowed. these articles are both today, 19th february 2024.

actual competition, involving prices falling, is headline, negative news. oh no, profits might fall! panic now!

[erebusvincent]

Mexican president calls on Russia, Saudi Arabia to end oil price war

Mexican President Andres Manuel Lopez Obrador on Saturday called on Russia and Saudi Arabia to reach a deal soon and end their oil price war

"How can Russia and Saudi Arabia not come to an agreement in order to stop oil price declines that are further deepening the crisis?" Lopez Obrador asked. "Where is the responsibility toward humanity? Where is the universal brotherhood? Where are the so-called heads of state?"

[getlifehealthy]

Iraq faces financial calamity after crude crash

BAGHDAD — Between plummeting oil prices, political deadlock and reduced global appetite for a bail-out, Iraq is on the cusp of financial calamity that could force austerity measures and renew anti-government protests.

But officials appear remarkably optimistic, a view experts described as being “in denial” given forecast oil crashes would cost Iraq two-thirds of its net income this year.

Brent…

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