Jon Fratelli
Born | March 4, 1979 |
Hometown | Glasgow, Scotland |
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Ford Slashes Electric Mustang’s Price in Response to Tesla
- (Bloomberg) -- Ford Motor Co. is slashing the price of its electric Mustang Mach-E by an average of $4,500 in response to Tesla Inc.’s own recent cuts, stepping up the price wars in a slowing EV market.Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesEven on $100,000-Plus, More Americans Are Living Paycheck to PaycheckHistoric
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AFP to examine its handling of sensitive investigations after media raids
Federal police commissioner says he has enlisted a former crime commission chief to head the inquiry. The Australian federal police has launched an inquiry into how it handles sensitive investigations, in response to an outcry about recent raids on journalists’ homes and premises. News of the AFP’s internal assessment came as Scott Morrison declared on Monday that while he supported press freedom, journalists were not above the law. The prime minister then said decisions about who should be pros
Thanks for your feedback! - NewsReuters
It's complicated - Slowdown forcing firms to re-think China relationship
By Adam Jourdan and John Miller SHANGHAI/ZURICH (Reuters) - A slowdown in China is forcing multinational companies to treat the world's second-biggest economy more like a developed market, turning away from a headlong dash for growth to focus on premium businesses, or improving productivity by investing in staff. As the main driver of global growth for much of the past decade, China has been a godsend to big international firms looking to boost profits as economies elsewhere struggled. Now, t
Thanks for your feedback! - BusinessReuters
Ford posts lower profit, issues downbeat outlook; shares drop
DETROIT (Reuters) -Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this week's robust report from rival General Motors Co. Ford blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.
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