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Automobiles
Pendragon owner to cut hundreds of jobs in used car overhaul
...Marshall Motor Group has also been bought by Cinch-owner Constellation, while Lookers was bought by Canada’s Alpha Auto in a deal announced last year, and Cambria was taken private by its management team...
April 23, 2024
Insurance
Auto-insurance costs rear their ugly head yet again
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
February 13, 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
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...At the time, the UAW faced fierce opposition from elected officials, local business leaders and a group of anti-UAW employees funded by anti-union interest groups, said Harry Katz, a professor of collective...
April 20, 2024
LexElectric vehicles
Why an ‘Airbus of autos’ would not halt Europe’s EV collision Premium content
...Exactly what shape an “Airbus of autos” might take is unclear, but it is an intriguing concept. Stellantis, Volkswagen and Renault are reportedly at least open to the idea of working with competitors....
February 23, 2024
LexCobalt
Cobalt slump is an opportunity for the auto sector Premium content
...Some opportunistic buying seems to be happening in the auto sector....
March 11, 2024
Embracer Group
Debt-strapped European games group Embracer plans 3-way split
...Wingefors is dismantling his empire just weeks after insisting that Embracer’s restructuring had ended with March’s $460mn sale of Gearbox to Take-Two, the US-based games group behind Grand Theft Auto....
April 22, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
MTN Group Ltd
South Africa’s MTN to boost investment in generators to combat blackouts
...Mupita said the group was seeking a new round of minority investment into the business....
April 10, 2024
Due Diligence
Is private equity’s $3tn problem starting to ease? Premium content
...The chain has made a profit only twice since the buyout group acquired it and has racked up losses of €1.7bn since 2014, according to company filings....
March 12, 2024
Aston Martin
Aston Martin appoints Bentley’s Adrian Hallmark as chief executive
...Audi oversees Bentley within the VW group....
March 22, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
March 26, 2024
Working It
Strategies for coping with holiday email deluge
...He’ll be joined by Auma Obama, journalist and founder of Sauti Kuu Foundation, International Labour Organization macroeconomist Ekkehard Ernst, and Sebastian Dettmers, chief executive of The Stepstone Group...
April 3, 2024
News updates from November 6: Gaza death toll surpasses 10,000, Trump’s New York fraud trial starts
David Einhorn urges Vitesco to reject offer from rival German auto group Schaeffler
...Einhorn’s Greenlight Capital, which owns 3.5 per cent of Vitesco, on Monday sent a letter to the Regensburg-based company, calling on its board to reject Schaeffler’s €91-per-share offer and “not to give...
November 6, 2023
News updates from November 27: Israel-Hamas truce extended by two days, Qatar says, Fast-fashion group Shein files confidential IPO paperwork in US
State-owned Changan Auto climbs after taking stake in Huawei smart car venture
...Shares in Chinese state-owned carmaker Changan Automobile climbed on Monday, after the company announced an investment into a spin-off of tech group Huawei’s smart car business....
November 27, 2023
LexLuxury goods
China’s luxury tastes are changing Premium content
...Gucci’s slump in sales, with parent Kering’s warning this week of a slowdown in Asia, prompted investor concerns about demand for the wares of Europe’s luxury groups....
March 23, 2024
UK crime
Inside London’s battle against luxury watch theft
...It estimated the total value of lost or stolen watches it tracks at £1.5bn. The group said it located an average of four stolen pieces a day....
March 8, 2024
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
LexAutomobiles
Mobileye stumble suggests auto supply chain reckoning will be costly Premium content
...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....
January 4, 2024
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Auto union members ratify contracts at Ford, General Motors and Stellantis
...“Across the three companies, 64 per cent of voting members voted in favour of the agreements”, the UAW wrote on X on Monday, locking in the tentative agreements reached with each company....
November 20, 2023
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...the head of auto dealership group Hendrick....
March 27, 2024
News updates from March 27: Yen hits 34-year low; Nobel winner Daniel Kahneman dies
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...of auto dealership group Hendrick....
March 27, 2024
Xiaomi Corp
China’s smartphone maker Xiaomi bets on EVs even as Apple pivots
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
March 29, 2024
UK mis-selling
UK auto lenders could face £13bn bill after FCA probe into commissions
...British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog set out the length of a probe into historic commission agreements that allegedly led to consumers overpaying...
January 24, 2024
Inside BusinessEdward White
China’s zombie car plant problem
...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....
March 26, 2024
InterviewMusic
Blur and Arctic Monkeys producer James Ford: ‘A trademark sound is you imprinting your ego’
...In Manchester in 2000 he formed the band Simian and met Graham Massey of rave pioneers 808 State while drumming in a nightclub, eventually touring with the group....
February 15, 2024
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...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....
January 11, 2024
News updates from April 22: Huw Edwards resigns from BBC; Head of Israeli military intelligence to resign
Shares of Chinese EV makers decline as price war squeezes margins
...Shares in Li Auto dropped 6.1 per cent after the company announced new price cuts across its line-up on Monday morning in an effort to boost slowing sales growth....
April 22, 2024

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