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...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...The people with knowledge of Tesla’s plans said it would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat...
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...In the last fiscal year, R&D costs were equal to 7.8 per cent of revenue, up from 3.3 per cent in 2014. But it has not been willing to fund a new supply chain for mass car production....
...Look at the company’s spending decisions and it seems as if everything is targeted towards addressing the 13 per cent drop in automotive revenues....
...Rivian reported a net loss of $5.4bn in 2023, improving from a $6.8bn loss a year earlier. It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of 2022....
...Excluding the effects of regulatory credits, the gross margin from its automotive unit — a closely watched measure of its core operations — fell to 16.4 per cent for the quarter, down from 19 per cent a...
...Spending on R&D reached nearly 8 per cent of revenue last year, up from just over 2 per cent a decade ago....
...Given the title and the fact that it was created by a former stand-up comedian, you’d be forgiven for thinking Netflix’s Baby Reindeer might be a light-hearted sitcom....
...I’d be happy to share our output if it would be helpful. WhatsApp to WesPete: Of course, we’d be thrilled to have you any time....
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
...Ansys, which has headquarters in Pennsylvania and has its origins in structural analysis tools, makes engineering simulation software used in industries from automotive and construction to healthcare and...
...Interestingly, underneath both deliberate and accidental clerical videos, “if this was my vicar I’d go to church” comments predominate....
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...Jindal said the venture depended on MG for technology and that it wanted to, by 2030, “totally indigenise, even the R&D”....
...“We employ a consultancy to do our R&D claims for us because we haven’t got the time to fight the claims,” he said....
...Daniel Kollar, an automotive expert at consultancy Intralink, said Tesla’s China performance had remained strong but the company faced challenges from local competition, a renaissance of hybrid cars and...
...Bain & Co’s latest private equity review gives a longer answer. This was expertly covered in MainFT upon release, but we thought we’d take the chart-curious through an extended parsing of the report....
...Fifty minutes later, he got to the first customer, who said he couldn’t believe they’d sent Samii up there on a bike....
...“I used to forget the tiniest everyday things: I’d put eggs on to boil, I’d forget. Papers were stacked four feet high on my desk,” said Davis, 74....
...“You’d turn up for a date on a Bo and not feel like a dork,” Morgan assures me, and he may well be right....
...“We didn’t think that we’d be profitable this fast,” he told the Financial Times. “We’re at the beginning part of the journey....
...It’s something we have been putting a lot of thought into, but with the emphasis on first-term implementation. We are also planning a conference on this and I’d be thrilled to have you there....
...Cobalt, like other battery metals, is in a bear market, thanks to supply growth. That is an opportunity for the automotive sector. Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
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