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German economy
Scholz’s energy policies branded ‘toxic’ by German business chief
...Energy policy is just one of the areas in which the government is failing, according to business groups....
February 6, 2024
Volkswagen AG
US Porsche, Bentley and Audi imports held up over banned Chinese part
...Thousands of Porsche, Bentley and Audi cars have been impounded in US ports after a supplier to parent group Volkswagen found a Chinese subcomponent in the vehicles that breached anti-forced labour laws....
February 14, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
News in-depthElectric vehicles
Chinese carmaker BYD held talks with lithium producer in Brazil
...In 2022, Justin Trudeau’s government ordered three Chinese groups to divest from early-stage lithium mining companies listed in Toronto, some of which had assets outside of Canada....
January 14, 2024
Hennes & Mauritz
H&M and Northvolt investor fund startup to cut fashion industry emissions
...Syre will need “a couple of billion dollars” to finance the planned construction of 12 factories in North America, southern Europe and Asia, according to Nobelius....
March 6, 2024
News in-depthGerman economy
German companies flock to US with record pledges of capital investment
...BASF, the world’s biggest chemical group and a major investor in China, is also expanding its US operations....
February 19, 2024
Unions
Volkswagen workers in Tennessee vote to join union in win for UAW
...The closely watched election underscores the resurgence of the labour movement in America....
April 20, 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
HTSI
The rise of the supervan
...“More people are travelling in groups, seeking convenience, comfort and spaciousness.”...
March 31, 2024
Electric vehicles
Volkswagen cuts price of EV and combustion engine cars to boost deliveries to China
...“Volkswagen Group China’s e-offensive is taking effect,” said VW’s China head Ralf Brandstätter....
April 10, 2024
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
VW Group says electric-only deliveries to Europe fell by a quarter
...Volkswagen Group said its deliveries of battery electric vehicles to Europe in the first three months of this year fell by a quarter compared with the same period in 2023, compounding the challenge facing...
April 10, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
April 15, 2024
Tefaf Maastricht 2024
Battle to keep sculpture in Britain highlights European museums’ struggles
...has a great deal of art, and America has a great deal of money.”...
March 2, 2024
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...“These historic union victories are not only improving the lives of union members, but that is beginning to spill over into the lives of non-union workers in America as well,” he said....
November 22, 2023
Volkswagen AG
Volkswagen weighs up ending Polo production in Europe
...Volkswagen is reviewing the fate of the VW Polo car in Europe before the end of the decade as emissions regulations start to push up the cost of producing petrol-engine cars....
September 15, 2023
LexStellantis
Stellantis makes an unlikely market darling for car investors Premium content
...Carlos Tavares, who took over the combined group from his post at PSA, has wielded the axe to achieve top of the range operating margins, expected to come in at 12.5 per cent for 2023, according to Citi....
February 13, 2024
Maritime accidents and safety
Biden administration warns of lengthy disruption at Baltimore port
...Most of it is expected to flow through to the ship’s reinsurers, a large group including Axa XL, a division of the French insurer. Axa said any impact would be “non-material” at group level....
March 28, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
LexToyota Motor Corp
Toyota testing scandals overshadow top sales ranking Premium content
...At 10 times forward earnings, the stock trades at more than twice the valuation of rival Volkswagen, another group which has had reputational issues....
January 30, 2024
Gaming
Can Grand Theft Auto VI match its $7.7bn predecessor?
...groups....
December 6, 2023
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...group, and then reinsure losses above that at Lloyd’s of London....
March 27, 2024
Electric vehicles
Honda and Nissan to join forces to survive EV race
...Honda and Nissan will team up to develop electric cars, days after Volkswagen said it may collaborate with Renault, as traditional carmakers combine forces in the face of the threat from Chinese EVs....
March 15, 2024
LexCATL
CATL/Duke Energy: too wired into markets to become the next Huawei Premium content
...It has already signed deals with several US groups, including an affiliate of NextEra Energy, to supply energy storage projects....
December 7, 2023
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...In another example, Shenzhen-based Appotronics, which provides laser projectors for nearly half of China’s cinemas, will supply BMW with laser technology for some of the German group’s latest in-car displays...
February 18, 2024
Electric vehicles
How Hyundai became big in America after focusing on smaller electric vehicles
...The group’s progress in the US is part of a wider global push, targeting the European, Indian and south-east Asian markets after a collapse of its sales in China over the past decade....
January 8, 2024
European equities
Investors bet on European consumer stocks as economic confidence grows
...All of that mix is good.” Others, however, remain unconvinced. Bank of America argues Europe’s economy remains fragile and will weaken as the effect of the ECB’s rate rises continues to feed through....
March 20, 2024
Electric vehicles
‘Simply good’ Chinese electric cars power ahead of inferior US rivals
...However, there are cultural factors behind the success of the Chinese market compared with America, which is considered a tougher nut to crack....
March 3, 2024
US & Canadian companies
Private equity is in for rampant consolidation
..., reckons David Layton, chief executive of Partners Group which oversees assets of $142bn....
September 18, 2023

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