Cars Keep Getting Pricier and the Commodity Boom Makes It Worse

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Cars Keep Getting Pricier and the Commodity Boom Makes It Worse

Bloomberg2021-05-10

(Bloomberg) -- Cars are back in vogue courtesy of the pandemic. They’re also getting more expensive, thanks in part to surging commodity prices. Many of the essential ingredients for automakers, such ...

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LY1970
·2021-05-10
Oh no....
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Rick0209
·2021-05-10
Help to like my comments my dear friends
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Rick0209
·2021-05-10
I am trying to leave a comment...
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LeeWan
·2021-05-10
Please help to comment thanks
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Kuanwei
·2021-05-10
Depreciation keep increasing for bread and butter car
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- Nienz:
  Cool!
  2021-05-10
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Elaine0223
·2021-05-10
is it ok?
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Ryanval2007
·2021-05-10
That's bad news
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天橋上的大爺
·2021-05-10
Please like and comment, my friend here. Thank you.
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Bodoh
·2021-05-10
Cos of free money
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Juvie
·2021-05-10
interesting
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Derrick0359
·2021-05-10
[Miser]
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Fanshuu
·2021-05-10
Would these be the soon downfall?
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- Fanshuu:
  Care to elaborate?
  2021-05-11
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- Fanshuu:
  Human never learn
  2021-05-11
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- keaty:
  that why ..... history is going to repeat itself. more borrowing more disaster in making.
  2021-05-10
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AS78
·2021-05-10
Please like and comment my post, thanks
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- EL94Replying todeeplearning:
  ok
  2021-05-11
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- BuyX3:
  Sure! Thanks!
  2021-05-10
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- deeplearning:
  done, please like and reply~
  2021-05-10
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hecticdays
·2021-05-10
Dailies
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Oddleo
·2021-05-10
Oh wells
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- 13d68f51:
  ???
  2021-05-11
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NKT9493
·2021-05-10
It’s going up and up
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- Winkingbear:
  Yes
  2021-05-10
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They’re also getting more expensive, thanks in part to surging commodity prices.\nMany of the essential ingredients for automakers, such ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cars-keep-getting-pricier-commodity-133000972.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STLA","symbol_name":"Stellantis NV","start_time":0,"source_url":"https://finance.yahoo.com/news/cars-keep-getting-pricier-commodity-133000972.html","article_id":"2133686350","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2133686350","pubTimestamp":1620608400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Bloomberg) -- Cars are back in vogue courtesy of the pandemic. 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The global semiconductor shortage also is inhibiting production, keeping inventory tight and driving up vehicle prices.\nIn the U.S., car supply is so limited that rental companies are resorting to buying used vehicles at auction rather than new ones.\nThe main contributor to higher commodity costs hitting the industry is the steel needed for chassis, engines and wheels. The metal’s recent rally has smashed records as China -- by far the biggest producer -- took measures to curb output.\nThe boom in copper prices adds to the costs of electric vehicles just as the industry implements an energy transformation to meet tighter emissions standards. EVs use nearly 3 1/2 times more copper than gas guzzlers because of the larger amount of wiring inside, according to consultancy Wood Mackenzie Ltd.\nThe increases may hurt automakers like Tesla Inc. and Volkswagen AG that are trying to make EVs more price-competitive with traditional cars.\nThey also may encourage automakers to explore alternative chemistries for their EV batteries. The majority of cells use some combination of lithium, cobalt and nickel, which have jumped a minimum of 47% each in the past 12 months.\nFord and BMW AG were among those investing $130 million this month in battery startup Solid Power Inc., which is working on cells that would remove the need for those metals, leading to a 10-fold decline in power pack costs.\n“They are looking to spread that risk,” said Caspar Rawles, head of price and data assessments at Benchmark Mineral Intelligence. “There is no hedging for lithium or cobalt.”\nBMW expects headwinds from rising commodity prices of as much as 1 billion euros ($1.2 billion) for the year, Chief Financial Officer Nicolas Peter said Friday during an earnings briefing. The luxury-car maker singled out rhodium, steel and palladium as particular worries in the coming months.\nLonger term, BMW is working to be less exposed to price squeezes in key raw materials. 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thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190843066","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190826376,"gmtCreate":1620611742395,"gmtModify":1704345482087,"author":{"id":"3579218549390865","authorId":"3579218549390865","authorIdStr":"3579218549390865","name":"Kuanwei","avatar":"https://static.tigerbbs.com/3bb5e84584fb23570d011d4f0733fc6e","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3579218549390865"},"htmlText":"Depreciation keep increasing for bread and butter car","listText":"Depreciation keep increasing for bread and butter car","text":"Depreciation keep increasing for bread and butter car","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190826376","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4276834,"gmtCreate":1620615671975,"gmtModify":1680787846152,"authorId":3550144882339071,"author":{"id":3550144882339071,"authorId":3550144882339071,"name":"Nienz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190826376,"type":1,"supId":0,"prevId":0,"content":"Cool!","text":"Cool!","html":"Cool!"}],"langContent":"EN"},{"id":190868315,"gmtCreate":1620611328537,"gmtModify":1704345467665,"author":{"id":"3571284884909590","authorId":"3571284884909590","authorIdStr":"3571284884909590","name":"Elaine0223","avatar":"https://static.tigerbbs.com/0b28723f6e5a8051960fcc8366f1e5ce","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3571284884909590"},"htmlText":"is it ok?","listText":"is it ok?","text":"is it ok?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190868315","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190818101,"gmtCreate":1620610450303,"gmtModify":1704345439333,"author":{"id":"3582010571984381","authorId":"3582010571984381","authorIdStr":"3582010571984381","name":"Ryanval2007","avatar":"https://static.tigerbbs.com/56e4ec2fa88bc5dc5b36c83b42a63ba1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582010571984381"},"htmlText":"That's bad news","listText":"That's bad news","text":"That's bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190818101","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190810083,"gmtCreate":1620610248142,"gmtModify":1704345433318,"author":{"id":"3581796785124701","authorId":"3581796785124701","authorIdStr":"3581796785124701","name":"天橋上的大爺","avatar":"https://static.tigerbbs.com/74a9b70d7f2658b4a438eda788611bf6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581796785124701"},"htmlText":"Please like and comment, my friend here. Thank you.&nbsp;","listText":"Please like and comment, my friend here. Thank you.&nbsp;","text":"Please like and comment, my friend here. Thank you.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190810083","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190892528,"gmtCreate":1620609757364,"gmtModify":1704345414634,"author":{"id":"3559859558754319","authorId":"3559859558754319","authorIdStr":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559859558754319"},"htmlText":"Cos of free money","listText":"Cos of free money","text":"Cos of free money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190892528","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190893052,"gmtCreate":1620609509476,"gmtModify":1704345409141,"author":{"id":"3578559022708914","authorId":"3578559022708914","authorIdStr":"3578559022708914","name":"Juvie","avatar":"https://static.tigerbbs.com/9174cf1baa02042e82114235e72d7246","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":0,"idStr":"3578559022708914"},"htmlText":"interesting&nbsp;","listText":"interesting&nbsp;","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190893052","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190899693,"gmtCreate":1620609487312,"gmtModify":1704345408657,"author":{"id":"3574151642706297","authorId":"3574151642706297","authorIdStr":"3574151642706297","name":"Derrick0359","avatar":"https://static.tigerbbs.com/1e4377b13ebe2fd65f630bf249fd6624","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574151642706297"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190899693","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190805849,"gmtCreate":1620609304081,"gmtModify":1704345402993,"author":{"id":"3576629019645766","authorId":"3576629019645766","authorIdStr":"3576629019645766","name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576629019645766"},"htmlText":"Would these be the soon downfall?","listText":"Would these be the soon downfall?","text":"Would these be the soon downfall?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/190805849","repostId":2133686350,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4290576,"gmtCreate":1620722818065,"gmtModify":1680788103497,"authorId":3576629019645766,"author":{"id":3576629019645766,"authorId":3576629019645766,"name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190805849,"type":1,"supId":4275461,"prevId":0,"content":"Care to elaborate?","text":"Care to elaborate?","html":"Care to elaborate?"},{"id":4290573,"gmtCreate":1620722807805,"gmtModify":1680788100297,"authorId":3576629019645766,"author":{"id":3576629019645766,"authorId":3576629019645766,"name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190805849,"type":1,"supId":4277155,"prevId":0,"content":"Human never learn","text":"Human never learn","html":"Human never learn"},{"id":4277155,"gmtCreate":1620617679004,"gmtModify":1680787848908,"authorId":3578631759891221,"author":{"id":3578631759891221,"authorId":3578631759891221,"name":"keaty","avatar":"https://static.tigerbbs.com/bcf9d00e41b755619a4b4c3eb6f05541","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190805849,"type":1,"supId":0,"prevId":0,"content":"that why ..... history is going to repeat itself. more borrowing more disaster in making.","text":"that why ..... history is going to repeat itself. more borrowing more disaster in making.","html":"that why ..... history is going to repeat itself. more borrowing more disaster in making."},{"id":4275461,"gmtCreate":1620609836107,"gmtModify":1680787815095,"authorId":3559859558754319,"author":{"id":3559859558754319,"authorId":3559859558754319,"name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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Thanks!","text":"Sure! Thanks!","html":"Sure! 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