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...Polestar is seeking about $1.3bn of fresh funding....
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...This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Read our full range of politics picks here....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...“It will be a European-market Seagull, a new Seagull,” BYD senior executive Stella Li told reporters, including the UK’s Auto Express, in Shenzhen....
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Of 1.2mn new energy vehicles sold in China in the first two months of the year, 467,000 were PHEVs, marking a 73 per cent jump on the same period a year earlier....
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...Hertz can be considered, at least in part, a highly leveraged bet on used-car prices....
...But in weeks without official news — when it’s just Musk’s tweets and the surrounding ecosystem of grift and nonsense — the stock is up 1 per cent on average....
...The closely watched financial metric fell to 17.4 per cent, down from a peak of 29.1 per cent in the first quarter of 2022....
...China’s auto exports hit a record 4.9mn last year, up from 1.1mn the year prior, as the nation overtook Japan as the world’s biggest car exporter....
...Set your WhatsApp messages to auto-delete: foreign spies might be reading them....
...General Motors said the US carworkers’ strike was costing it approximately $200mn a week, an estimate that is set to rise after 5,000 members of the United Auto Workers union walked out of one of its largest...
...This was all part of a calculated and deliberate strategy to cut gas supplies to the EU which commenced in early 2021....
...I presume, or at least hope, that McKinsey will respond to Green and Hand, and I won’t call a winner in the statistical part of the argument....
...Walking off the job at these distribution warehouses limits dealers’ ability to order parts to repair vehicles. Last week, Ford was spared an expansion of the strike....
...The decision to hit parts centres, rather than other vehicle assembly facilities, will make it harder for GM and Stellantis to repair and service vehicles already sold to customers....
...The house is heated via a massive ground-source heat pump. Sustainability was a key part of the architectural mandate, too....
...The lull in EV sales is having a damaging impact on the auto industry....
...Neal said: “I don’t think anybody is going to stand in the way of repair.”...
...Average daily volumes are around $1.04bn during US stock market opening hours, compared with $1.11bn in the much longer period they are closed, CCData found....
...The vote is a setback for Elon Musk, five years after he stunned the German auto industry by announcing he would build his first gigafactory in Europe next to Berlin, throwing the gauntlet to an industry...
...“Auto businesses share a sense of crisis,” said chief executive Shuji Ogawa, that EVs have put engine parts makers in a plight....
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