Agriculture, Automotive, Texiles, Fashion & Other
Will Shanghai’s Waste Sorting Law Lead to More Sustainable Luxury?

Despite global millennial calls for greener products, sustainable luxury has been a difficult topic in China. Most Chinese consumers hold a pragmatic attitude towards luxury and see luxury products as the badge rewards of a Capitalist ideology. And even when green marketing does infiltrate the Chinese luxury landscape, the word “sustainability” usually carries more bark than bite. Despite these attitudes, China’s first waste sorting law was implemented in Shanghai on July 1st, and it might have the power to change the country’s “green” inertia…. (Continua a leggere)

France insists any Renault/Fiat deal must protect French jobs: Le Maire

PARIS  – France must protect its own interests and jobs in any merger between Renault and Fiat, even though France’s stake in Renault would automatically be diluted, French Finance Minister Bruno Le Maire told RTL radio on Tuesday. Le Maire said the French government would seek “four guarantees” on the Renault/Fiat deal, including the protection of French jobs, ensuring France was well-represented on the board of the new entity, and ensuring Renault/Fiat was a leader in the development of electric… (Continua a leggere)

Tesla to raise $2 billion from share, debt issues

Tesla Inc said on Thursday it had filed with regulators to launch around $2 billion in fundraising through issues of new shares and debt, with Chief Executive Officer Elon Musk pitching in $10 million of his own money to buy shares. The company’s shares were up 5 percent at $245 in early trading after it unveiled the plans, which follow Musk’s hint last week that a capital raise was imminent after the electric carmaker lost $700 million in the first… (Continua a leggere)

Why the Japanese don’t buy American cars

You stand very little chance of seeing an American car on a Japanese road, but if you do, there is a good chance it is a Jeep Wrangler. While Japanese brands fill U.S. roads and parking lots, American automakers have all but given up on selling cars in Japan — despite the fact that it remains the world’s third-largest car market. President Donald Trump has called it unfair, as has the American Automotive Policy Council, which represents the three big U.S. auto… (Continua a leggere)

The Return of Craftsmanship in China

For centuries, the label “Made in China” meant exceptional craftsmanship and represented a benchmark of quality and beauty. European traders and power brokers traveled the Silk Road to purchase silks, stone-carved decorative pieces, cashmere, unique calligraphy, and first-rate ceramics. Yet over the past four decades, attempts at cutting quality to achieve adequate profit margins in China changed the perception of Chinese imports into one of low-quality, bargain products. This change helped turn the country from a well-established luxury goods producer… (Continua a leggere)

Elon Musk just revealed the Tesla Model Y — and he's still the greatest car salesman who ever lived

A few years back, after Tesla posted an unexpected quarterly earnings beat and CEO Elon Musk took to the opportunity to undersell what was then the yet-to-be-produced Model 3 sedan, I wrote that he was the greatest car salesman who has ever lived. I’m not going to judge my own verdict, but Tesla did finish 2018 by delivering almost 250,000 cars, and most of them were Model 3’s. That’s what happens when Musk says he isn’t going to try that hard…. (Continua a leggere)

Asia Still Leads the World When It Comes to Minting Billionaires

Asia will see the fastest billionaire population growth in the world over the next four years, despite economic uncertainties in the region triggered by the China-U.S. trade war. The number of Asian billionaires will rise by 27 percent to 1,003 between 2018 and 2023, making up more than a third of the world’s total billionaire population of 2,696, according to a report released Wednesday by Knight Frank LLP. The billionaire population growth rates for North America and Europe are 17 percent and… (Continua a leggere)

NASA Says Earth Is Greener Today Than 20 Years Ago Thanks To China, India

NASA has some good news, the world is a greener place today than it was 20 years ago. What prompted the change? Well, it appears China and India can take the majority of the credit. In contrast to the perception of China and India’s willingness to overexploit land, water and resources for economic gain, the countries are responsible for the largest greening of the planet in the past two decades. The two most populous countries have implemented ambitious tree planting programs and… (Continua a leggere)

Inside MAC Cosmetics’ First Interactive Experience Center in Shanghai

MAC Cosmetics China has entered the ‘new retail‘ space with the launch of its experience center integrating both online and offline brand experiences. The center blends product discovery, social engagement and purchase into an immersive journey, making it one of the more sophisticated interactive retail experiences in the cosmetics category in China. Created by Wunderman Shanghai and led by managing partner James Bay, the center was the result of six months of research to understand Gen-Z‘s makeup purchase behavior. This was done through cognitive walkthroughs, exit… (Continua a leggere)

Exclusive: Ricart getting into the motorcycle business by buying Harley-Davidson dealership

Ricart Automotive is getting in the motorcycle business. The Columbus-based auto dealership is acquiring the three-store A.D. FarrowHarley-Davidson dealership for an undisclosed sum. “Harley-Davidson is a brand our family is passionate about,” President Rick Ricart said in an interview. “This is an opportunity for us to diversify.” Bob Althoff, who has owned A.D. Farrow for 18 years, will maintain a minority ownership share in the business and will stay on as a partner. “My kids aren’t in the business,” Althoff told me. “I… (Continua a leggere)