Autos and Transportation

Charging cable is seen hooked to a car at a charging point for electric...

Breakingviews - Beware Chinese used-car dealer’s sticker price

It always pays to be cautious when it comes to used-car dealers. Kaixin Auto, which sells second-hand vehicles online in China, is no exception. The company, whose name translates as “happy”, has experienced a 2,300% surge in its stock price over the last two months. The rally warrants a closer inspection.

Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made...

Breakingviews - Musk passes Gates, but not yet in impact

Elon Musk is now the second-richest person in the world, at least on paper, but he has a long way to go in catching up to the newly-displaced Bill Gates in impact. The Tesla and SpaceX mogul’s wealth edged past the Microsoft founder’s at just under $128 billion on Monday, according to Bloomberg, thanks to the surge in Tesla’s market capitalization to $500 billion – still far below Microsoft’s $1.6 trillion but equivalent to a dizzying 133 times next year’s forecast earnings according to Refinitiv. Gates, in fairness, has given vast sums to charity and done much to improve humanity’s lot. That’s Musk’s future challenge.

FILE PHOTO: An exhaust emits fumes as a car is driven through Richmond in...

EU plans tight car CO2 limits under green finance rules

Car manufacturers will need to meet tight emissions limits for their activities to be classed as a sustainable investment under proposed European Union rules, which the auto industry said could undermine investment in the sector's green transition.

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