AlixPartners

U.S. grocery prices have risen sharply post-pandemic but remain elevated despite overall inflation slowing, a phenomenon economists call 'rockets and feathers.' Prices are expected to rise 2.7% this year, close to the historical average, as consumers shift to discount retailers and store brands to manage costs.

U.S. grocery prices have surged post-pandemic ('rockets') but remain elevated despite slowed inflation ('feathers'), with a 2.7% annual rise expected. Consumers are shifting to discount retailers and store brands amid persistent high costs, driven by factors like the U.S.-Iran conflict and reduced government food aid.

Lucid Motors denied bankruptcy rumors and confirmed it is not considering going private, stating it has sufficient liquidity to fund operations through 2027. The company is preparing to launch its mass-market SUV and has engaged AlixPartners for operational improvements, while recent layoffs and financial challenges highlight its ongoing turnaround efforts.

Lucid stock dropped following a report by an EV blog claiming the company was considering Chapter 11 bankruptcy or going private based on advice from AlixPartners. Lucid denied the claims, calling the report false.

Major German carmakers like Volkswagen, Mercedes-Benz, BMW, and Porsche experienced steep sales declines in China during the April-June quarter, with drops ranging from 30% to 41% year-on-year. The declines are attributed to weakened domestic demand, intensified competition from Chinese automakers like BYD, and China's economic slowdown. Falling sales have squeezed profits and offset gains in other regions.

Major German carmakers including Volkswagen, Mercedes-Benz, BMW, and Porsche experienced steep quarterly sales declines in China, with drops ranging from 30% to 41% compared to the same period last year. The declines were driven by weakened domestic demand, intense competition from Chinese automakers like BYD, and a broader economic slowdown in China.

China's passenger car exports rose 80% in June 2023, driven by strong electric vehicle demand, while domestic sales fell 26% in the first half of the year. Export growth was attributed to overseas expansion by automakers like BYD, despite domestic market challenges including price wars and reduced EV subsidies.

AlixPartners predicts a 10% decline in Chinese car deliveries this year due to a shaky economy and reduced government support, likely fueling a price war among nearly all 100+ carmakers. The forecast includes 24.6 million light vehicle deliveries, with 10 million of...

AlixPartners predicts a 10% decline in Chinese car deliveries this year due to a shaky economy and reduced government support, warning of a brutal price war affecting nearly all 100-odd carmakers. The forecast estimates 24.6 million light vehicle deliveries, with 10 million...