Business News

Inflation is on the rise, but fans are paying for NBA, NFL, and other sports tickets

People are changing their spending habits as prices rise at rates not seen in four decades, making choices favor experiments. This means a huge demand for live sports. Dennis Coates, professor of sports economics at the University of Maryland, Baltimore County, said demand for sports attendance is usually “unresponsive to price changes.” “Good times, bad …

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Renault says the hydrogen-electric concept will have a range of 497 miles

Details of the Renault Scénic Vision concept car were presented to the public on May 19, 2022. The company’s idea of ​​developing a passenger car using hydrogen technology is not unique. Benjamin Gerrett | Bloomberg | Getty Images Renault has released details of a hydrogen-electric hybrid concept car, with the French carmaker calling hydrogen technology …

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Demand will continue, and the problem is supply chains

BEIJING – Chief Executive Officer William Lee told CNBC that the biggest challenge facing Nio right now is making sure supply chains are stable. The Chinese electric car maker had to charge customers more fees due to higher raw material prices. When Covid controls in April prevented Nio’s from getting parts from suppliers, the company …

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Electric vehicle battery costs set to rise as raw materials shortage continues

Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, Jan. 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost of electric car production is poised to rise over the next four years, according to a new report, as a result of …

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Toyota is stepping up efforts to look into the potential of hydrogen vehicles

A Toyota Sora photographed in Japan on November 5, 2021. Toyota began work on developing fuel cell vehicles in 1992. Corkor | Istock editorial | Getty Images Toyota Motor Europe, CaetanoBus and Air Liquide have signed an agreement to develop hydrogen-based transportation options as the race to develop low-emission, zero-emissions vehicles heats up. Toyota said …

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How Carvana went from being a top pick on Wall Street to trading meme stock

Ernie Garcia, CEO, Carvana Scott Millian | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that the “march continues” on the company’s mission to become the world’s largest and most profitable used car retailer. And its stock price has gone this year, too, just in the wrong direction for investors. Within six months, …

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Uber update lets you book party buses and electric vehicles

Dara Khosrowshahi, CEO of Uber Technologies Inc. , smiles during a Bloomberg Technology TV interview in San Francisco, California, US, on Tuesday, December 14, 2021. David Paul Morris | Reuters Uber announced its latest list of updates on Monday, ahead of what’s expected to be a busy travel and event season. Features, announced during the …

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After the “Hippies” and “Beetle” buses, Volkswagen heads to America again

As Volkswagen looks to revive the Scout brand in the US, CEO Herbert Diess highlighted the decision, saying it represented an opportunity for the German car giant to “become much more American”. Volkswagen announced plans to relaunch the Scout as an all-electric pickup and “rugged” SUV last Wednesday, with prototypes due to be revealed in …

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