BLOOMBERG Italy began the process of selling Banca Monte dei Paschi di Siena SpA by hiring advisers as Prime Minister Giorgia Meloni seeks to maximise the value of the state’s controlling stake. The Finance Ministry will select legal and financial advisers to help in the sale, the ministry said in a statement. The disposal can be done in one or ...

BLOOMBERG BYD Co is poised to overtake Tesla Inc as the world’s biggest seller of electric vehicles as the Chinese automaker’s global sales push gains greater traction. China’s best-selling car brand came within a whisker of toppling Tesla last quarter after factory downtime led to the US automaker’s first delivery decline in more than a year. BYD sold 431,603 fully-electric ...

BLOOMBERG Tesla Inc reintroduced a Model Y crossover sport utility vehicle (SUV) with rear wheel drive in the US, after reporting third quarter deliveries that fell short of Wall Street expectations. The starting price of the rear-wheel drive Model Y is now $43,990, according to Tesla’s website, and have a stated range of 242-260 miles. The electric vehicles likely use ...