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Warren Buffett amasses more cash and sells more stock, but doesn’t explain why in annual letter newsthirst.

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogen | CNBC The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew…

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BMW pauses £600m upgrade to Oxford Mini plant as electric car demand falls | Automotive industry newsthirst.

BMW Group has paused a £600m investment into a Mini car assembly plant on the outskirts of Oxford, amid a declining demand for electric vehicles. In 2023, the German carmaker, which has owned Mini since 2000, announced the investment to upgrade its Cowley plant for electric production of the Mini. It was supported by government-backed…

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