The car ‘of your dreams’ continues to rise in price … and the steel from which it is made is the culprit – El Financiero

Cars are back in fashion thanks to the pandemic. They are also becoming more expensive thanks in part to rising commodity prices.

Many of the essential ingredients for automakers, such as copper, steel and aluminum, are reaching or approaching record levels this year as lagging supply cannot keep up with stimulus-driven demand. The Bloomberg Commodity Spot Index jumped to its highest level since 2011, with metals rising 21 percent so far this year.

If the current rally turns into a supercycle, rising car prices could herald inflation across the board. Analysts JPMorgan Chase They estimate that the price of a car’s raw materials has risen 83 percent in the year through March.

Those parts typically account for about 10 percent of the cost of building a vehicle, meaning the price of a $ 40,000 car would have to rise 8.3 percent to offset the spike, the bank’s analysts wrote.

“We are definitely feeling the wind against raw materials,” said Jim Farley, Ford Motor’s chief executive, last week. “We are seeing inflation in a variety of parts of our industry, in ways we have not seen in many years.”

Automakers often struggle to pass on the higher costs, but demand is booming as major economies reopen and many consumers continue to avoid public transportation. The global semiconductor shortage is also inhibiting production, keeping inventory tight and driving up vehicle prices.

In the US, the supply of cars is so limited that rental companies are turning to buying used vehicles at auctions rather than new ones.

The main contributor to the rising commodity costs affecting the industry is the steel needed for the chassis, engines and wheels. The recent rally for the metal has broken records as China, by far the largest producer, took steps to curb production.

The copper price boom adds to the costs of electric vehicles just as the industry implements an energy transformation to meet stricter emissions standards. Electric vehicles use nearly 3 1/2 times more copper than gas-guzzlers due to the increased amount of wiring inside, according to consultancy Wood Mackenzie.

The increases may hit automakers like Tesla Inc. and Volkswagen, which are trying to make electric vehicles more price competitive than traditional cars.

They can also encourage automakers to explore alternative chemistries for their electric vehicle batteries. Most cells use some combination of lithium, cobalt and nickel, which have increased a minimum of 47 percent each in the last 12 months.

Ford and BMW They were among those who invested $ 130 million this month in battery startup Solid Power Inc., which is working on cells that would eliminate the need for those metals, leading to a 10-fold decrease in unit costs. of energy.

“They’re looking to spread that risk,” said Caspar Rawles, head of data and pricing evaluation at Benchmark Mineral Intelligence. “There is no coverage for lithium or cobalt.”

BMW expects headwinds to rise in raw material prices of up to 1 billion euros ($ 1.2 billion) for the year, CFO Nicolas Peter said during an earnings briefing on Friday. The luxury automaker highlighted rhodium, steel and palladium as special concerns in the coming months.

In the long term, BMW is working to be less exposed to lower prices on key raw materials. Starting in 2025, the automaker plans to produce vehicles with a new architecture that will allow the recycling of materials such as steel, aluminum and plastics to make new cars.

“We are looking for partnerships” to perfect the necessary technologies, said BMW CEO Oliver Zipse.

Jeep maker Stellantis – formed from the merger of Fiat Chrysler and PSA – said it needed to recoup some of its higher costs, and the market is supportive, so far.

“It’s hard to imagine a better environment in which to pass the impact of supply shocks and price inflation to consumers who are lining up to receive their new car from the carrier,” Morgan Stanley analysts wrote in a note. “It is a market for car dealers.”


a healthy diet would be more important than exercise

New research indicates that eating a healthy diet may be even more important than exercising, especially in the long term

Diet and exercise have long been known to be key elements in maintaining a healthy lifestyle. Healthy life, to lose weight and to prevent the appearance of various pathologies.

What has never been thought about is whether one of those two factors is more important in the long term, that is, it has a more positive impact. Up to now.

New research indicates that exercise may rank below diet in good weight loss impact. In other words, it might be more useful to eat well than to play sports. These are the conclusions of a study carried out by Herman Pontzer, an evolutionary anthropologist at Duke University.

Titled “Burn: New Research Blows the Lid Off How We Really Burn Calories, Lose Weight, and Stay Healthy,” the work suggests that exercising more does not necessarily help burn more calories. Why? According to the expert, because the body finds sneaky ways to adapt by reducing energy use elsewhere.

The expert assures that doing sports is not the most effective strategy to lose weight

“Exercise does not change how many calories you use, but how you use them,” the expert told Business Insider. At the same time, he added: “Diet and exercise are two different tools for two different jobs. Diet is your weight loss tool. Exercise is your tool for everything else.”

Exercising to lose weight is based on the assumption that the body burns calories at a constant rate. If this theory is followed, if walking one kilometer burns 50 calories, walking 100 kilometers over the course of a month would burn 5,000 calories. Theoretically, this helps you expend more energy than you consume and causes your body to use stored energy to burn fat.

However, the expert who carried out the study points out that before his discoveries this theory collapses, that he obtained the data by working with the Hadza, a group of indigenous inhabitants of Tanzania, who they walk for miles each day as part of a traditional lifestyle of Hunter-gatherers.

Pontzer and his team were surprised to find that they burn only slightly more calories each day than the average sedentary American adult. This represents much less than expected given its very high levels of activity.

This observation suggests that exercise-metabolism equation It is more of a curve, which means that the more you exercise, the more carefully the body budgets energy.

Beyond weight, expending energy is good for the body

According to the data that Pontzer obtained from this group of Tanzanians, the body has the same calorie budget, whether it is training a marathon or relaxing on the couch. The expert calls this “the restricted energy frame.”

However, even though it can stop fat burning, it might also explain why exercise is so good for human beings. After weeks or months of exercise, the body begins to reallocate calories from other activities to compensate, according to the evidence presented by Pontzer and his team.

In addition, the expert points out that this includes activities that they do have more negative than positive effects. The immune system, for example, is important for a person to stay alive, but it can cause damage if hyperactive, leading to problems ranging from allergies to autoimmune disorders.

Research Suggests Exercise Is Good For Health, But Not So Good For Weight Loss

Research Suggests Exercise Is Good For Health, But Not So Good For Weight Loss

Along these lines, the restricted energy framework suggests that exercise helps the body to spend excess energy to keep the immune system and stress responses more balanced.

The next step in your investigation is testing how this theory works, to see if we can really measure how exercise affects every system and cell in the body beyond fat and muscle.

In case the results are positive, the theory could also help explain why modern sedentary lifestyles and processed diets are terrible for health and help science find a solution.

“We take for granted that chronic diseases are part of the human being; however humans in the Western world are actually quite strange,” explains Pontzer, who finally concludes: “I think we can learn a lot more from other cultures about how the human brain works. body”.


Ethereum will unseat bitcoin for 3 reasons

According to JP Morgan, the demand base for ethereum is more durable and less dependent on derivatives markets, causing it to even outperform bitcoin

Analysts at investment bank JP Morgan believe that Ethereum may end up outperforming bitcoin thanks to these features: what it has liquidity, demand and its less dependence on derivatives markets.

While bitcoin fell 8% as of April 28, ethereum rose 41% in April and it has a tendency to continue rising due to these three factors, according to JP Morgan.

“Both bitcoin and ethereum experienced a comparable liquidity shock earlier this month that triggered a comparable slowdown event of their respective derivatives markets in the days after,” say the specialists.

According to the investment bank, a liquidity shock caused bitcoin to sink below $ 50,000 per unit, while the ethereum network has long carried a higher rate of transactions on the public blockchain compared to bitcoin.

“Higher turnover on the public ETH blockchain means that a markedly larger fraction of those coins can be considered highly liquid, further mitigating the impacts of future settlements,” they noted.

This can do make the demand base for ethereum more durable and less dependent on derivatives markets, making this currency shorten its price difference with bitcoin and in the future even exceed it.

Can Bitcoin be worth $ 100,000?

In recent years, Bitcoin had incredible growth. It reached a record price that exceeded $ 60,000. And although it had a fall in the last week, the question that everyone has is how far this asset can be worth.

“In the event that it is worth US $ 100.00, we wonder how it can get there, with what speed and with how many casualties, or what we call it in the market, with how many profit takings it can achieve”, says Ramiro Marra , director of Bull Market Brokers.

We already saw towards the end of 2017 and the beginning of 2018, how Bitcoin touched $ 18,000 and then it became worth $ 3,000. It was a profit taking, a price rearrangement, I was gathering forces. Does this type of process make sense? Yes, it is part of this.

According to the manager, “this time unlike in 2018, as a result of the quarantine, there was a massive monetary issue in many countries. Given this situation, people went out to buy something that gave them more value and there appeared cryptocurrencies and companies such as Tesla as protagonists “.

Then there began to be an over-demand for this type of assets, he says, with what it came to be worth what it is worth today. “If we want to know if it can be worth $ 100,000, we have to analyze and see how the context of monetary issuance and economic recovery continues”he insists.

And he warns: “The conflict here is the inflationary risk. Although we Argentines are experts in the area, having an inflation of 4% per month, in the world they are not used to these figures. If they notice an inflation of 3% per year, At the 4% that I clarify again, we are talking about annual terms not monthly as in our country, they get scared and interest rates are likely to rise. If this happens, they will begin to absorb more money. ”

“2020 was a scenario where Bitcoin became stronger as more freedom and less control are sought. It is likely that it will happen and Bitcoin will reach high values,” he says. However, it warns that “it may end in profit-taking.”

Despite this, Marra was categorical: “Can it reach $ 100,000? Sure, but it is rare that it does so in the short term if it does not change a driver“.

Know the value of the dollar in Dollar Today and followed the price and behavior minute by minute. CLICK HERE


Ford’s bet in Argentina after firing Ka and Ecosport

At the beginning of this year Ford surprised locals and strangers: he made the discontinuation of Ka and Ecosport in Brazil, which was added the cessation of production of Fiesta and Focus since mid-2019. Also the distancing within the trucking business in the region. Where is Ford pointing today in its 2021 model line-up?

Several decades ago Ford was considered a practically elite brand in our market. In the 1970s and 1980s, when its popularity peaked, the value firm did not offer inexpensive models: the smallest car at the time was the Taunus, a mid-segment car with a fairly high price tag.

Now part of that idea seems to be repeating itself. It is that with the discontinuation of the Ka, the brand will not offer small or medium cars in our market. The Ecosport, already discontinued in Brazil, promises to stay, arriving as an imported extra-zone model, although surely when this happens its penetration in sales will be limited.

New preferences since 2021

If we remove from the current price list the models that are already discontinued but that remain for sale with remaining stock, the cheapest vehicle of the brand in our country is the Ranger 2.5 single cab gasoline pick-up.

See also: Family solution: the new Chevrolet Spin 2022 is anticipated in Brazil

The range of SUVS, where the firm of the value will be able to his best letters already begins to demonstrate his intentions. Above Ecosport is the Territory, Bronco Sport, Kuga Hbrida (from 4,908,000 pesos). In all three cases they are different proposals, but almost from the same segment.

The range of pickups is maintained with the Ranger of national production, together with the Ranger Raptor imported from Thailand. For their part, the F-150 and F-150 Raptors arrive from the United States. Since this year, the brand has also produced the utility Transit in Uruguay, for the moment imported from Turkey.

What cars will Ford continue to offer in Argentina?

The cars that Ford will continue to offer are the Mondeo Hybrid (from $ 5,275,600 in the new Titanium version) and the Mustang GT. During this same year the Mustang Mach 1 arrived, an enhanced version of the classic model produced in the United States.

In Whose

You will find the new range of models of the Valo at JC Lorenzo, official dealer.

Keep reading on Cuyomotor


UVA fixed-term boom: how this investment works

Month by month, inflationary pressure grows worryingly. Currently, to cope with this situation, savers choose this type of investment

The fixed terms UVA they continue to stand out among term deposits in pesos. In this context, the balance of credit to the private sector in pesos fell 1.7% throughout February, while fixed terms grew again driven by UVAs, according to the Central Bank.

“The balance of credit to the private sector in pesos fell 1.7% in real terms in the month -referring to February-, although it accumulated a real year-on-year growth of 9.4%,” said a report by the entity.

The monetary authority stated that “in February the non-performing ratio of credit to the private sector for the financial system continued to decline, reaching 3.8%.”

Meanwhile, the balance of private sector deposits in pesos fell 0.8% in real terms in February, mainly due to the performance of demand accounts

“In a year-on-year comparison, private sector deposits in pesos increased by 19.3% in real terms, with growth in demand and time accounts,” the monetary authority said.

In particular, term deposits denominated in UVA “continued to grow at high rates” and reached a real 36.9% for those with early cancellation and a real 20.4% for the traditional ones. Meanwhile, he stressed that “liquidity in the broad sense of the aggregate financial system increased 0.3 points of total deposits in February, to represent 65%”

Term deposits denominated in UVA continued to grow at high rates

How does it work?

Once the deposit of the term capital has been made, it becomes GRAPES, which is adjusted according to the CER (Reference Stabilization Coefficient) index, according to the daily publication of the BCRA.

When the established period ends, it is converted back into pesos at the value of the UVA at that moment, which will have risen along with inflation.

On top of this variation, an additional is paid that each bank has but which, in general, is between 0.5% and 1.5% nominal per year.

While traditional fixed terms allow 30-day deposits, the minimum period of time for UVAs is 90 days.

UVA fixed terms in two versions

The fixed terms UVA They have two versions: the traditional, whose minimum term of permanence is 90 days, and the pre-cancelable, which also has a base term of three months but can be disarmed from the first. In the latter, banks are obliged by their regulator to offer a minimum yield of UVA + 1%, while in the other cases, entities barely pay above the inflation adjustment. In both, the client is guaranteed a positive real rate, which beats inflation.

When disaggregating the increase in the March stock according to the type of UVA deposit, the BCRA indicated that traditional placements rose 16.7% while prepayable deposits increased their stock by 35.7%.

When referring to customer type, the monetary authority pointed out that companies account for 54.6% of traditional UVA fixed terms and individuals are holders of 38% of the total.

Pesce highlighted the “accelerated growth” that the capital market had last year

The leading body Miguel Angel Pesce He highlighted that both types of holders show sustained growth since mid-November 2020 and that since the beginning of this year an acceleration has been seen in the growth of human deposits. At the same time, he pointed out that this greater dynamism was also verified in the case of prepayable deposits, whose holders are mainly retail customers.

The UVA deposits increased their stock in the first five months of 2020, when inflation remained high, and then fell between June and September, after the inflationary slowdown that was seen in the April and May data, which marked a monthly minimum of 1.5% due to strict isolation. As prices woke up, in the last quarter of last year and the first of 2021, interest in these placements in pesos rose again.

Why the interest of savers grew

Given the acceleration of the price index measured by the INDEC since December, when the price increase marked a 4% monthly that was repeated in January and later marked 3.6% in February, the interest of savers for these instruments grew strongly.

To give an example: if a person had deposited $ 100,000 in a traditional fixed term of 90 days on December 1 of last year, they would have earned $ 9,250 in interest at maturity, while if they had made a “UVA + 1%” the yield would have been $ 11,283.

Although time deposits at “UVA + 1%” still represent a small percentage of the total volume of time deposits, the proportion of UVA deposits almost doubled in recent months, going from 2.27% at the beginning of December to the current 3.95%.

“It is mandatory that banks offer in the homebanking the fixed term ‘UVA + 1%’, with which people receive inflation plus one percent per year. It is a way to protect savings of people who believe that the nominal rate offered by banks is not convenient, “said Miguel Angel Pesce, president of the BCRA, days ago.


This startup has already raised USD 160 million and gained the attention of Ualá

This is Merama, a company that was born in December 2020 in the midst of the pandemic. Its objective is to work together with the largest ecommerce brands

Crises are synonymous with opportunities, and the pandemic was for the startup Merama the right time to go to market.

The e-commerce company co-founded in December 2020, announced a series A capital raise for an amount of US $ 160 million with the investment of technology companies such as Ualá, Loggi, Rappi and Madeira. But what is this company about? Why can you become a key player for local entrepreneurs?

Merama, based in Mexico City and Sao Paulo, seeks to become the largest e-commerce products business in Latin America. Its model is to partner with major merchants throughout Latin America to make use of their equipment, capital and technology, with the goal of driving additional growth.

“We saw in the pandemic the opportunity to capitalize It is deal. E-commerce grew enormously in the region and we seek to empower companies to compete in their local market and abroad, “he explained in an exclusive interview with the company’s Iprofessional Felipe Delgado CoFunder.

The startup will seek to partner with the largest e-commerce brands in the region in order to boost their growth and expansion. For that, it raised an investment round that was led by the main investment funds in Latin America such as: Valor Capital and Monashees Capital, and by Balderton Capital, based in the United Kingdom.

Investors attention: Merama has already captured US $ 160 million and gained the attention of Ualá and Rappi

The keys to Merama’s business

The measures of the center are negotiable Latin America, where you see the potential for growth. “Today there are many limitations, it is difficult to get the capital and credits to grow a business. We give entrepreneurs tools so that they can reinvest the money. We seek to optimize costs and be able to export what they produce,” adds Delgado. .

But, how do you do to enhance them? “The key is to identify the most relevant companies in certain top categories and partner with the best by purchasing a stake in their business.“, explained Javier Blaustein, an Argentine received at Harvard and the company’s Founding Team.

With only a few months into the career, Merama has 40 professionals distributed in Mexico City, São Paulo, Buenos Aires and Santiago among its ranks, with experience in online commerce platforms, retail, technology, marketing, operations, finance and strategy. , with training in companies such as Uber, Facebook, Google, Amazon, Falabella and Mercado Libre.

This year, its businesses plan to sell more than $ 100 million in Mexico, Brazil, Argentina and Chile, more than double the previous year.. “Merama operates very profitably, so the cash raised will be used mainly to finance the initial investment such as building the brand as such and for the working capital that manages to drive growth,” they explained.

Among the co-founders, there is an Argentine received at Harvard

Pandemic effect

Now, the launch of this company has to do with the development, as a consequence of the pandemic, of electronic commerce, but not only in Argentina but in all of Latin America where it had a great boom, but is still in an incipient stage.

“The brands we help grow complement each other, they do not compete with each other. Many today have difficulty growing and we provide them with tools to ease the way “, remarked Blaustein

The strategy is to become a strategic partner by taking a participation in the Business, instead of acquiring them. What they are looking for is to become strategic allies to make each of the brands grow exponentially and turn them into their best version.

The company that got funding in record time seeks to be the largest e-commerce company of products throughout Latin America. “With this capital we will seek to grow the e-commerce ecosystem in the region, while supporting thousands of entrepreneurs to grow their businesses starting in Mexico, Chile, Argentina and Brazil,” they maintain from the company.

The startup was co-founded by Sujay Tyle, along with Olivier Scialom, Felipe Delgado, Renato Andrade and Guilherme Nosralla, all of them with great development


In 48 hours the Jeep Gladiator was sold out

Jeep Argentina launched its original medium pickup for sale just 48 hours ago Gladiator. But if you, reader friend of Mdz Autos, I was thinking of going to see the model and decide to buy, forget it: there is no more.

S, In just 2 days, this niche vehicle, brimming with mystique and with an unparalleled iconic weight, has already sold out.


how to buy tokens from Apple, Tesla, Amazon and Google

The Argentine exchange becomes the first in Latin America to offer this type of service. All the details on taking advantage of the new feature

Finally, the Argentine exchange Decrypto revealed the best kept secret in recent times. A while before noon on April 28, the platform will become the first Latin American exchange to offer tokenized shares of Apple, Tesla, Amazon O Google. Namely, from several of the most valuable firms on the planet.

“We are launching a historic product that is going to revolutionize the traditional market by merging it with crypto and transforming it into one,” he said. Ivan Tello, COO of Decrypto, in exclusive dialogue with iProUP.

Why? Basically because any user from Argentina will be able to buy and sell tokens of shares of the companies founded for Elon Musk, Steve Jobs, O Jeff Bezos, among other.

All the details

Starting this Wednesday, April 28 at 10.30 a.m. (Argentine time), users will be able to buy and sell shares of American companies on the trading platform. Decrypto.

From the exchange they specify that all the tokens “are certified in the Bitcoin network, thanks to working together with RSK”, the most secure blockchain of smart contracts in the world.

Thus, initially, users will be able to trade asset tokens of Apple, Tesla, Amazon, Google Y Yolo, in the same way that they buy and sell any other cryptocurrency.

Under the premise that the market should be for everyone this alternative, available from today Wednesday April 28 at 10:30 Argentine time for users of the platform level 2 or higher, will allow small and large investors to buy tokenized shares that can be divided without the need to purchase an entire“, need Tello.


With this new function, Decrypto will be able to position itself as the best and safest investment wallet accessible to all users“, remarks Tello. And adds: “With this launch, anyone already registered on the platform will be able to buy tokens from the largest companies in a simple, easy, accessible and secure way.“.

From the exchange they detail that “the tokenized assets can be bought or sold against USDT (Tether) –that is, crypto dollars–, without commission or hidden costs; easily accessible and with ultra competitive prices“.

Iván Tello, COO of Decrypto

Iván Tello, COO of Decrypto

“Unlike brokers, stockbrokers, alycs (settlement and clearing agents) and other investment models, where the ownership is of a third party, with the tokens of financial assets they become their own,” he explains Tello. And he adds: “that is to say that can be withdrawn to a wallet (wallet), personal custody, being able to choose what to do with it“.

From the exchange they highlight that “the tokens are transparent and safe: they run on the RSK blockchain, the second layer of Bitcoin (or Bitcoin Layer 2), on which the protocol for smart contracts has been created, thus being one of the safest of the world”.

Any user can see in the blockchain (accounting book) the history of that safe and traceable asset“, emphasizes Tello.

The new bet

RSK is based on a bidirectional communication that operates as a bridge to connect both chains.

In this way, it allows the Bitcoin network to assist RSK in its execution. That is why the native currency or token of the RSK platform is the RSK smart bitcoin (RBTC), which has a 1: 1 relationship with the original currency of the Bitcoin network, bitcoin (BTC).

What is asset tokenization? It is a process by which the value of an asset is digitized and becomes a token, with representation in a blockchain, and has the characteristic of being able to be divided.

What are the benefits of tokenizing assets? A token can be acquired by anyone, anywhere, which results in more investors being able to access that market.

Tokenization, How do you use blockchain technology?, it is decentralized, secure, effective, Y It allows also carry out transactions without the intervention of third parties.


Ultrawide monitor Philips 498P9 on its way to Ukraine / News /

The Taiwanese firm MMD, which produces monitors under the Philips brand, announced the arrival of a 49-inch model 498P9 in Ukrainian retail. The device is based on a curved VA matrix with a resolution of 5120 x 1440 pixels (aspect ratio 32: 9) and is positioned by the vendor as a full replacement for two 27-inch screens with a resolution of 2560 x 1440 pixels. The monitor is equipped with built-in KVM to quickly switch mouse / keyboard between two signal sources.

Philips 498P9

The Philips 498P9’s specs are typical of today’s VA displays: 450 cd / m² peak brightness, 121% SRGB color gamut, 3000: 1 static contrast ratio, 5ms gray-to-gray response time and refresh rate 70 Hz. The radius of curvature of the matrix is ​​1800 mm.

Philips 498P9

On the back of the monitor, there are HDMI 2.0b (x2) and DisplayPort 1.4 video inputs, a USB 3.2 hub for four ports (including one with a fast charging function), a 5-watt stereo speaker and a 3.5 mm audio jack for headphones. The advantages of the novelty should also include support for VESA Adaptive-Sync technology.

Philips 498P9

The ultra-wide monitor Philips 498P9 will appear in Ukrainian stores in August with a recommended price of UAH 30,000.