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...The concern comes as US and multinational companies face rising scrutiny from Washington lawmakers over their operations in China across a wide range of industries, including microprocessors and other so-called...
...One of the people familiar with Tesla’s plans said the company was considering beginning with a $2bn-$3bn investment in the Indian car plant....
...He also hit out at “rocketing corporation tax”, “damaging legislation on working from home” and a “crippling shortage of qualified engineers”....
...Peter Rawlinson said the company, which is 60 per cent owned by Saudi Arabia’s Public Investment Fund, was “looking at every aspect of cost” as it battles to reduce spending and raise output of its luxury...
...The slowdown has seen carmakers delaying investment plans, and Renault canning a stock market listing of its EV unit, partly citing weak demand....
...China’s BYD is in final negotiations with the Hungarian government to secure a multibillion-euro investment into a new electric car factory, in a deal that could be announced as early as Friday....
...the company could focus on a self-driving “robotaxi”....
...“It’s always been a margin versus volume debate for them, and this is the latest twist,” said James Anderson, a managing partner at Lingotto Investment Management, which holds Tesla shares....
...He added: “We see the big three [Ford, GM, Stellantis] backing off on big EV investments and going into hybrids.”...
...Spending on depreciation — where Aston Martin writes off old investments — rose by £78mn in 2023 after the company delivered some of its high-priced models such as the DBS 770 and the DBX707....
...One client, from a US tech company, studied aerodynamics and opted to draw his own vehicle, which Ferrari made....
...Arrival once planned to manufacture electric vans using a revolutionary new “microfactory” system that avoided the large investment needs of large-scale automotive plants....
...The company is expanding among a clutch of Chinese auto groups in Europe, with plans to launch a cheaper brand in the region in 2025....
...Meanwhile, Chinese battery company EVE is in early-stage talks to invest in a UK plant, according to British officials involved in plans for a new gigafactory at Coventry Airport, confirming a report in...
...Stellantis’ announcement is the latest boost to UK carmaking after securing £24bn of new investment pledges from companies including BMW and JLR last year, more than the combined total for the previous seven...
...The group already runs a battery factory in the country, and chose the site of the factory in Szeged because it is close to the university that the company sees as a potential recruiting ground....
...Between 2016 and 2022, a total of £17bn of new investments into the UK auto industry were announced, SMMT calculations show, while last year’s figure reached £23.7bn, boosted by £15bn from JLR and £2bn from...
...Audi is looking into manufacturing electric cars in the US, including using space in a $2bn plant being built by parent company Volkswagen in South Carolina....
...Politicians said that unionising could dissuade the carmakers from expanding and make it harder to court other investments....
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...SIG has yet to come under scrutiny in Washington, where lawmakers have been investigating the investment activities of many American venture capitalists in China....
...Early in 2023, the company said it could get 12,500-17,000 oz from the stockpiled ore, but managed 3,000 oz at a cost of $1mn a month....
...But the company also has a close eye on other markets....
...The part had been sourced by a supplier further down the company’s supply chain and not by VW directly, according to the people....
...The company has also, they note, been a responsible custodian of struggling brands, especially Volvo and Lotus....
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