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...Musk said then that the electric-car manufacturer would “be in India . . . as soon as humanly possible”....
...Some car rental groups operate a “buyback” model, where the manufacturer agrees to repurchase the vehicle at a set price....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Both Tesla and BYD — the world’s first and second-largest EV manufacturers — reported a strong drop in sales in the first three months of this year compared with the previous quarter....
...When brought back to the subject of automobiles, Musk wouldn’t be drawn on Tesla’s plans for new models or what specifically was meant by the reference in the results statement to a “more affordable” vehicle...
...If the plans had been shelved or pared back in ambition, Tesla — which once aimed to grow to the size of Toyota and Volkswagen combined by 2030 — would for now remain a more modest manufacturer than expected...
...Once a laggard in the auto world, China is using its lead in battery technology and knowledge of carmaking gleaned from international manufacturers to produce next-generation EVs, which have been designed...
...But the company’s shares are still down 31 per cent since the start of the year. Tesla remains the world’s most valuable car manufacturer, with a 41 price-to-earnings ratio....
...The dilemma for western EV manufacturers is how fast to increase production given the sales slowdown and the threat from China....
...The low-cost airline on Monday joined an alliance of companies including Rolls-Royce, Airbus and GKN Aerospace in urging ministers to help fund the development of the nascent technology, which offers the...
...Formula E, which is aiming to sell the spot by the end of the year, is hoping to attract a high-end carmaker to the championship, who would join existing manufacturers such as Maserati, Jaguar and Porsche...
...a steadily falling share price, disappointing sales figures, and a contentious plan to move company headquarters from Delaware to Texas, face another conundrum: whether Tesla will become a large-scale manufacturer...
...Across the mainland, where Sweden’s manufacturers have a long-standing presence, competition from Chinese firms was “ferocious”, even “monstrous”, according to Mattias Sundling, chief equity strategist at...
...Inchcape, which exports cars for global manufacturers across 40 countries, said it would use £100mn of the sale proceeds to buy back shares once the deal is completed, which is expected to happen during...
...“The rules are mindful of the importance of choice to drivers and preserve their ability to choose the vehicle that’s right for them,” said John Bozzella, chief executive of the alliance....
...Tesla’s enterprise value remains many times the size of carmakers such as Ford. Investors seem keen to give Musk the benefit of the doubt....
...Chinese battery manufacturers, such as global frontrunner CATL, are working to develop battery solutions specifically for eVTOL vehicles, giving Chinese eVTOL manufacturers an edge when it comes to procurement...
...Sales of battery electric vehicles (BEV) in Europe dropped 11.3 per cent year on year in March, the second fall in four months, according to figures this month. The timing of Easter played a part....
...Carlos Tavares said the UK’s quota regime, which requires manufacturers to meet EV sales targets that rise annually, was set at “double the natural demand of the market” and would mean carmakers would have...
...second half of 2025”....
...The new paper, by Jeremiah Green of Texas A&M and John Hand of University of North Carolina, argues that at least on the ethnic diversity side, the studies just don’t hold up....
...Higher prices for luxury cars helped Aston Martin cut pre-tax losses last year, even as the manufacturer was hit by delays to its latest models and pushed back the launch of its first electric vehicle....
...Unlike legacy manufacturers, it does not have petrol models to fall back on, and nor does it make hybrids, whose sales have picked up over the past year as buyers opt for something less than fully electric...
...In the case of Soichiro Honda, the charismatic founder of the eponymous carmaker, he was famous for his go-it-alone strategy and is said to have criticised alliances for slowing things down....
...types of vehicles....
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