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...“It’s inevitable we need to raise in the future, it’s just a question of when,” he told the Financial Times at the Geneva Motor Show. “We need to pick our moment.”...
...Zhang, a marketing manager at Gama, Lamborghini’s dealer in Taiwan, said Lamborghini sales in the country had greatly expanded since the brand’s launch of SUVs in 2017 broadened its appeal to a larger group...
...Polestar’s chief executive Thomas Ingenlath told the Financial Times that he had been contacted by Hertz’s chief executive Stephen Scherr last autumn to ask whether he could pause their agreement to buy...
...The group previously said “it would not be appropriate for us to comment before the investigation is completed”....
...The Financial Times reported on Tuesday evening that the move was imminent....
...The plan has been heavily criticised by charities, rights groups and opposition MPs....
...consequences for the group have been assessed”....
...Audi oversees Bentley within the VW group....
...“This is a dream . . . but this would be the extreme of luxury,” Vigna told the Financial Times....
...“There is a lot of restocking going on on [internal combustion engine] platforms, as carmakers are pivoting away from EVs” in western markets, he told the Financial Times....
...Then it makes sense to contribute to more BEV production in Britain,” he told the Financial Times....
...Campbell said Blinken would raise the issue with Chinese foreign minister Wang Yi....
...The UK operations of struggling electric van group Arrival have gone into administration, putting more than 170 jobs at risk....
...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....
...One of the upheld complaints was over a 2016 agreement with Black Horse, a subsidiary of Lloyds Banking Group and the UK’s largest car finance lender....
...This is likely to drive more local manufacturing by Chinese groups, it added....
...The group will also make less money from Formula 1 racing because of its poor finishing position last year, although it expected that to be offset by “strong personalisations” from customers paying for bespoke...
...But both carmakers warned they needed to cut electric vehicle costs in the current financial year as they increase sales....
...BYD has not disclosed investment figures yet because it is still in negotiations with the EU over financial support for the project, he said....
...Lotus chief financial officer Alexious Lee said the company’s target segment — buyers of electric vehicles costing more than $80,000 — was large and growing every year....
...Geely is “much more of a natural holding company” for Polestar, Volvo Cars’ chief executive Jim Rowan told the Financial Times on Thursday....
...But the group “has capacity available to scale production of gas-powered and hybrid F-150 trucks based on customer demand”....
...These included the Renault 5, a £25,000 EV that will pave the way for cheaper models and the Dacia Spring, the first EV from the group’s budget brand....
...Around the same time, Apple approached both Nissan and Hyundai about collaborating on the project, the Financial Times reported, potentially tapping into the carmakers’ manufacturing knowledge....
...The company has stressed the unit is “self-funding” and that it does not need the IPO to raise capital for the wider group....
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