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...UAW president Shawn Fain has said that he plans to organise more than two dozen additional auto plants across the southern US, including a Toyota plant in Missouri and a Nissan one in Mississippi....
...Yet the never-ending quest to drive prices lower is only part of Tesla’s strategy....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...“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....
...Instead, Hohenshell sees a different motive: Toyota wants to halt the march of the United Auto Workers. “It’s a bribe,” he said....
...The capacity utilisation rate of China’s auto manufacturing sector has hovered around 70 to 75 per cent in recent quarters, below the range of 76 to 82 per cent that prevailed before 2020, according to Gavekal...
...Throwing more resources at moonshots might be encouraging for those who see Tesla’s car manufacturing business as the stub of a Jetson’s-based investment case but everyone else is likely to be “increasingly...
...“Auto businesses share a sense of crisis,” said chief executive Shuji Ogawa, that EVs have put engine parts makers in a plight....
...The $500mn in funding earmarked for an SSAB commercial-scale steel plant using hydrogen in Mississippi is one of 33 deals by a new agency set up under the Department of Energy, as part of the Biden administration...
...Figures from INA, Mexico’s trade body for auto parts suppliers, show that 33 Chinese-owned companies with Mexican operations sent $1.1bn worth of parts to the US in 2023, up from $711mn in 2021....
...The auto industry is one of the more heavily unionised parts of the US economy — and United Auto Workers are striking in part to ensure that remains the case, even as the transition to electric vehicles...
...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....
...Autos are just one part of a wider industrial framework within which, for decades, developed economies have relied on China as an inexpensive and collaborative manufacturing hub....
...His Tesla business is part of an invading band of EV makers aiming to supplant Europe’s auto giants — which dragged their feet on the new technology — precisely by rejecting old practices....
...Apple is now trying to diversify its supply chain, relocating parts of its production to countries such as India....
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...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...At the same time, the Japanese auto industry is being challenged by other Asian nations....
...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...
...BYD’s rapid growth has been an important part of China’s rise as the world’s cleantech superpower....
...This is a lesson learnt from the UK which, for years, struggled to attract auto investors after losing many of its parts suppliers to lower-cost regions. Some of the largest US names are adapting....
...Sustainability was a key part of the architectural mandate, too....
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...manufacturing market?...
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
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