European car sales edged up again in August, as consumers continue to warm to electric and hybrid models produced by the region’s manufacturers in their fightback against Chinese rivals. US EV pioneer Tesla continued its downward spiral. European sales of the brand led by Elon Musk dropped 22% in August, giving it a market share of just 1.9%. Volkswagen, BMW and Mercedes-Benz all gained, while BYD outshone them all as it more than tripled deliveries, though sales still remain relatively low. In geopolitics, Denmark endured the second drone attack this week as authorities probe potential Russian involvement in the incidents and discuss how to involve NATO allies. Large professional drones spotted at five regional airports in Denmark disrupted flights and sparked a major police operation overnight. The airports are open now.
Today’s guests: Philipp Freise, KKR European Private Equity Co-Head, Beata Javorcik, EBRD Chief Economist, Brian Bernasek, Carlyle Americas Co-Head, Angie Long, Palmer Square Capital Management CIO
Chapters:
00:00:00 – The Pulse
00:00:31 – Oracle Raises $18B in Bond Sale
00:04:42 – Freise: Europe is Having its Moment
00:10:12 – Philipp Freise, KKR European Private Equity Co-Head
00:14:47 – China Exports Train Emerging Europe Amid US Tariffs
00:17:33 – Beata Javorcik, EBRD Chief Economist
00:23:58 – Carlyle Plots $4B Fund to Unlock Cash
00:26:07 – Brian Bernasek, Carlyle Americas Co-Head
00:36:55 – Intel Said to Seek Apple Investment
00:42:02 – Angie Long, Palmer Square Capital Management CIO
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