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Electric vehicles
Americans opt to lease electric cars to tap Biden tax credits
...For Kia, only about 6 per cent of the vehicles traded in to purchase a new Kia are luxury models, according to Edmunds. But for the electric Kia EV6, 21 per cent of the trade-ins are luxury cars....
December 16, 2023
Tefaf Maastricht 2024
Battle to keep sculpture in Britain highlights European museums’ struggles
...The transport companies were so busy moving art, they ran out of trucks.” If Germany wants this art back, “the law should be scrapped,” says Blau....
March 2, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Electric vehicles
Hyundai is big in America after focusing on smaller EVs
...By focusing on sleeker sedans and compact SUVs that consumers can afford, the South Korean group and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric...
January 8, 2024
News in-depthElectric vehicles
Was Toyota’s bet on hybrid cars right all along?
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
February 26, 2024
News updates from October 27: IDF expands Gaza ground operations, Fed’s preferred inflation gauge hits 2-year low
What to watch in Asia today
...In South Korea, Kia Motors and LG Electronics publish third-quarter data, as do several large Chinese companies including Bank of Communications, China Merchants Bank, China Molybdenum, China National Nuclear...
October 26, 2023
Live news updates from June 7: Wildfire smoke blankets New York, China exports decline
New York City sues Hyundai and Kia over rising vehicle thefts
...New York City on Tuesday sued Hyundai Motor and its affiliate Kia as the number of reported stolen cars made by the South Korean companies doubled last year due to their lack of anti-theft devices....
June 7, 2023
FT Live
Climate Capital Live
The leading global platform for climate science, finance and business
Wednesday, 19 March 2025London, UK & Online
South Korean business & finance
New York sues Hyundai and Kia over ‘explosion’ of car thefts
...New York City is suing Hyundai Motor and its affiliate Kia for negligence and creating a public nuisance over complaints about a “virtual explosion” of stolen cars blamed on a lack of anti-theft devices....
June 7, 2023
Inside BusinessChristian Davies
South Korean business worries rise over Biden’s IRA law
...Hyundai and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric vehicle sales behind Tesla, with their market share set to grow once a new $7.6bn plant...
February 21, 2024
News in-depthAutomobiles
Zombie car factories on the rise in China as buyers opt for EVs
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
March 14, 2024
Batteries
Europe over-reliant on Chinese EV batteries, warns South Korea’s SK On
...Sung added that SK On stood to benefit from the rapid US growth of South Korean carmaker Hyundai, which together with sister brand Kia has overtaken Ford and General Motors to claim second place in US electric...
January 22, 2024
Special ReportThe Business of Formula One
McLaren chief warns of cost-cap rules inhibiting much needed tech investment
...As the first team to introduce a carbon-fibre chassis to F1, more than 40 years ago, McLaren has been experimenting with technology to recycle the material, in conjunction with specialist V Carbon....
November 24, 2023
LexBayer AG
Bayer: cell therapy is a promising prescription Premium content
...However, as an incoming boss, Anderson has a licence to think the unthinkable....
October 10, 2023
United Auto Workers
Crunch time for Biden and US economy as auto industry strike looms
...They went on strike in 2019 against GM for nearly six weeks, costing the company $3.6bn....
September 10, 2023
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
November 22, 2023
Lordstown Motors
Whoops! Foxconn might have accidentally bought an automaker
...November 7th agreement between Lordstown and FoxconnLordstown v. Foxconn lawsuit...
June 30, 2023
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
HTSIHow To Spend It Wisely: the sustainability special 2023
The good EV guide
...The China SyndromeGeely, the parent company of both Volvo and Polestar, is Chinese. It also has a stake in Lotus and the company that makes electrified London taxis....
October 21, 2023
The FT ViewThe editorial board
Assertive US unions pose a challenge for Joe Biden
...There is intense pressure on companies to meet employees’ surging living costs....
September 18, 2023
Due Diligence
What will Millennium look like after Izzy Englander? Premium content
...In his new gig, Ubben became a prominent backer of Nikola Motors, a maker of hydrogen-powered trucks. But the deal was a disaster....
November 16, 2023
Electric vehicles
Electric vehicles defy price war after Ford and Tesla discounts
...General Motors chief executive Mary Barra said on Tuesday that the company’s EVs were priced correctly. Volkswagen declined to cut prices, as did Hyundai and Kia....
February 5, 2023
Live news updates from January 25: US and Germany to send tanks to Ukraine, Apple supplier issue profit warning
What to watch in Asia today
...South Korea’s Hyundai Motor, Kia Motors and Posco announce fourth-quarter results....
January 24, 2023
Corporate bonds
An angel falls from auto heaven
...When we downgraded the company to ‘BBB-’ in July 2020, we reflected into our rating the prospect that its profitability will recover to the level of similarly rated peers such as US- based Ford Motor Co....
March 8, 2023
Live news updates from October 24: Sunak to become UK prime minister, China misses GDP target
Hyundai Motor forecasts record earnings on strong EV sales
...The company will break ground later this month on its first EV-dedicated US plant worth $5.5bn....
October 24, 2022
Electric vehicles
UK carmakers offered EV sales target loopholes
...Last year, EVs made up 15 per cent of all new car sales but those are skewed towards certain manufacturers, such as Tesla and Kia....
March 30, 2023
Disrupted Times
Global economy weathers the storm but clouds dot the horizon
...New York is suing Hyundai Motor and Kia over a “virtual explosion” of car thefts after the companies failed to install immobilising devices on vehicles....
June 7, 2023
InterviewLunch with the FT
Boris Collardi: ‘I don’t personify the problems in Swiss banking!’
...“When you are made the chief executive of a listed company and you’re that young, you have to prove yourself every single day,” Collardi says. “I put all my energy into it.”...
October 20, 2023

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