company s income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn t come as a complete surprise, given tesla cut prices on its top selling cars several times last year, and in fact did it again this week. tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. the price cuts did the trick, the company saw a 36% jump trick, the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each car sold have gotten smaller. staying with the car sector because jaguar land rover is investin
This comes, of course, after an incident injanuary this year, when an unused door blew out soon after take off on an Alaska Airlines 737 max, sparking multiple investigations into boeings safety culture. Boeing ceo, dave calhoun, who took over in 2019, after the previous boss was fired, has announced hes leaving at the end of the year. But who will take on the role, now described by some as the toughestjob in Corporate America . Some shareholders want to see a new face from outside the firm. And there is another bone of Contention Boeing Has disclosed mr calhoun was awarded a pay deal of almost 33 Million Dollars this year up 45 on last year. Thats despite a steep fall in the share price. He may not get the full amount of share options, though, if he does step down at the end of the year. To talk us through what could be a tense meeting, lets speak to barry valentine. He has a0 Years Experience in the aviation industry, and has served with the us federal Aviation Administration. He now
Further complicate evegrande s restructuring. Sol so i think with the chairman of ever grand arrested, the talk with creditors is going to take a much longer time. With the Police Investigation ongoing, creditors will need to wait for a longer time until the Police Investigation results come out. They have negotiated with the company for over two years com pa ny for over two yea rs about company for over two years about the terms of the restructuring, but the restructuring, but the Restructuring Plan rings more trouble as they have denied to issue the shares for ever grand. Totally different Restructuring Plan or they need to wait for an even longer time, by the investigation by the police will come out. Investigation by the police will come out. Catherine, you know, will come out. Catherine, you know. About will come out. Catherine, you know, about government know, about government policies. Buyers that paid deposits for their flats, or get their units back, its about ensuring that Pr
The labour is asking for a Wage Increase of about 36 . The management has offered about 20 . So there is a big gap between the two sides. The Labour Unions have thrown out some almost fantastical wants such as a return to a normal Pension System and even four day work week. These are kind of real outliers there in the Global Industry that would take the unionised American Workers into the kind of uncharted territory. If you bring in the asian perspective, what are the things that have been done differently here for you to make any comparisons . How do we draw those comparisons as a strike lays out . For background, what you are seeing in the United States is an unprecedented strike against all three American Automakers at the same time. Meanwhile, injapan, for example, you would rarely ever see a strike. I dont think in my time working here since the early 2000s have we ever seen a strike at any of the carmakers here. By contrast, you see more of a collegial or cooperative approach to