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Cars Keep Getting Pricier and the Commodity Boom Makes...


Many of the essential ingredients for automakers, such as copper, steel and aluminum, are hitting or approaching record highs this year as the lagging supply can’t keep up with stimulus-driven demand. The Bloomberg Commodity Spot Index jumped to its highest since 2011, with metals up 21% so far this year.
Should the current rally morph into a supercycle, rising car prices could forebode inflation across the board. Analysts at JPMorgan Chase & Co. estimate the price of an auto’s raw materials have climbed 83% in the year through March. Those pieces typically make up about 10% of the cost of building a vehicle, meaning the price tag for a $40,000 car would have to increase 8.3% to offset the rally, analysts for the bank wrote. ....

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BMW CFO says he sleeps 'very peacefully' despite threat of Apple Car


What you need to know
BMW CFO Nicolas Peter says he sleeps very peacefully despite the threat of a potential Apple Car release.
The executive says that the company is confident it will maintain its market share with its own innovation.
BMW s CFO doesn t seem too concerned about an Apple Car making its way onto the streets.
In a new interview with Bloomberg, Chief Financial Officer Nicolas Peter was asked about reports that Apple may be a few years away from making its debut in the auto industry. The executive says that, rather than the bring stressed about the concept, he sleeps very peacefully. ....

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