The most important news from last week 18.7.2022

Daimler Truck will start to assemble electric bus in Brazil

Daimler Truck Holding AG plans to begin production of its first Mercedes-Benz electric bus in Brazil between November and December as demand develops in Latin America's largest economy. According to Bus Sales & Marketing Director Walter Barbosa, the business expects demand for electric buses in Brazil to reach 3,000 vehicles by 2024, up from just over 1,000 buses in 2023. Mercedes-Benz is likely to enter the Brazilian market with China-based BYD Co Ltd and several local importers. [1]

Airbus in talks with Delta Air Lines

European plane maker Airbus is in negotiations with Delta Air Lines to increase the US carrier's existing order for A220 light jetliners. The agreement for a dozen more planes might be finalized at next week's Farnborough Air show, when the US carrier is also generally anticipated to clinch an order for at least 100 Boeing 737 MAX planes. [2] According to Airbus records from the end of June, the airline ordered 95 Canadian-designed A220s, of which 56 were already delivered.

Netflix partnered with Microsoft

Netflix revealed that it had chosen Microsoft as its worldwide advertising technology and sales partner for its ad-supported tier. In April, the firm announced the launch of a new lower-cost ad-supported subscription option for users. The strategy is set to be implemented in the fourth quarter. Netflix conducted discussions with possible partners such as Comcast and Alphabet's Google about the ad technology and sales force it would require. In the end they have chosen Microsoft.

Twitter volatile lately as Elon Musk stepped down from the deal

Twitter shares are up for the second day as the dust settles after Elon Musk's cancellation of the company's 44 billion USD acquisition. The question now is whether Twitter can triumph in Delaware court and force the billionaire's hand to finalize the transaction. Many people believe it has a decent chance based on its complaint. Former hedge fund manager and current CNBC commentator Jim Cramer claimed the Delaware chancery will do everything possible to get Musk to complete the deal.

Movement of Twitter in the last five years. (Source: Trading Economics) *

Volkswagen sales dropped for 22% in first half

Volkswagen Group saw sales decline by 22.2% in the first half of this year compared to the same period last year, weighed down by a severe drop in Europe, with battery-electric sales buoyed by growth in China. Total deliveries to customers globally fell 22.4% in the second quarter of the year, with Central and Eastern Europe suffering the most (-49.3%). Western Europe likewise had a significant drop of 25.7 %. Despite a drop in overall sales, battery-electric vehicle deliveries grew by nearly a quarter.

Sources: CNBC, Reuters, Forbes, Trading Economics

*Past performance is no guarantee of future results.

[1,2] - Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or based on the current economic environment which is subject to change. Such statements are not guaranteeing of future performance. They involve risks and other uncertainties which are difficult to predict. Results could differ materially from those expressed or implied in any forward-looking statements.