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...SAIC Motors, the largest Chinese auto exporter, has “initiated a site selecting process for a European auto manufacturing base”, according to its latest annual report....
...Toyota last week chose the Beijing auto show, the premier industry event of the year in China, to unveil a new partnership with the owner of the WeChat superapp, Tencent....
...The Israeli company blamed the shortfall on the stockpiling of chips by its auto manufacturing customers. In 2020 and 2021, automakers could not source enough chips to meet consumer demand....
...The NBS struck a more positive tone on Saturday, reporting that in the first quarter, electronic industry profits were 82.5 per cent higher year on year, while auto manufacturing profits were up 32 per cent...
...Through new partners and manufacturing technology, Nissan has said it wants to bring down the cost of electric vehicles by 30 per cent by 2030....
...Despite the growth of the EV industry, the number of people employed in auto manufacturing in China reached close to 5mn in 2018 and has fallen by 500,000 workers since, according to data group CEIC....
...Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana. Both were lossmaking business models with complex supply chains....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...The business market for artificial intelligence (AI) software is booming as companies seek new ways to cut costs and automate laborious tasks....
...As I wrote last week, if the European Commission uses the Foreign Subsidies Regulation (FSR) against the EV manufacturing plants Chinese companies are building in Europe, things could get very spicy indeed...
...Among those concerned about a swift rollout of electric vehicles is the United Auto Workers union, which has endorsed Biden for 2024....
...Southern lawmakers lured foreign automakers’ US manufacturing operations to states including Tennessee and Alabama with generous tax breaks and promises that they are inhospitable to unions that typically...
...“If you value Tesla just as an auto company, you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said on Tuesday....
...“Nordic companies, particularly in manufacturing, have a huge exposure, directly or indirectly,” says Sundling....
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
...Industry executives say that the biggest pressure on all legacy carmakers in China stems from the rise of new EV factories, which take a radically different approach to car manufacturing....
...“Like all scale-ups in the EV manufacturing sector, Volta Trucks has faced challenges along the way,” the company said....
...Gary Hufbauer, of the Peterson Institute think-tank, suggested rules written years ago for the US-Mexico-Canada trade deal had been overtaken by China’s rise as an auto-manufacturing powerhouse — giving...
...After years of curtailed spending owing to Brexit uncertainty and instability at the top of government, the auto sector became “investible” again, with Nissan, Jaguar Land Rover, Tata and BMW all making...
...Nusrat Ghani, industry and economic security minister, welcomed the announcement: “This is a further vote of confidence in the UK economy and exciting news that shows our plan for the auto industry is working...
...the Chinese auto groups....
...“If you value Tesla just as an auto company you fundamentally have the wrong framework. If you ask the wrong question, the right answer is impossible,” he said....
...The organising push comes as labour disputes are breaking out within the auto industry worldwide....
...“We are hard-pressed to think of any other precedent of a company of Tesla’s size basing its path of success on such binary bets,” writes Barclays, apropos the latest thing:https://twitter.com/elonmusk/status...
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