Tesla's weaponized price cuts of its electric vehicles have fueled a global price war to maintain market share appears to be working yet again. Just last week, Ford announced it would suffer billion-dollar losses on EVs this year. Now, BMW AG shares are sliding after it warned of soaring costs for developing electric vehicles and snarled supply chains.
BMW now expects automotive free cash flow of above €6 billion ($6.6 billion) this year, from about €7 billion earlier. Additionally, free cash…Putin Signs Law To Narrow Russian Urals Crude Discount To Brent
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