Vornado Realty Trust is considering tennis courts for the US Open as a temporary replacement for a skyscraper near Madison Square Garden, as the real estate developer copes with what its chief executive called an “office apocalypse.” The area where the 61-floor office tower in Manhattan was planned could also become the site of basketball courts, … Read more
Ford CEO Jim Farley is worried about competition from China’s electric vehicle makers. Chief among the threats is BYD—backed by Warren Buffett’s Berkshire Hathaway—which can produce vehicles at significantly lower costs than industry norms, partly because it owns the entire supply chain for its batteries, which account for roughly 40% of a new EV’s price. … Read more
BYD is emerging as formidable competitor to Tesla and is on track to surpass the latter as world’s largest EV manufacturer In this file photo taken on Oct 17, 2022, the electric BYD Seal berline of Chinese automaker BYD is presented on the first day of the Paris auto show. — AFP BYD delegation … Read more