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...At one point in 2021, the shortage of new vehicles was so acute that prices for used cars overtook the cost of new vehicles for the first time....
...“China is growing but . . . less than Taiwan,” he told the Financial Times. “In Taiwan you have more entrepreneurs, and the chip industry is booming”....
...It is banking on a new battery SUV, called the Gravity, for increased production at its Arizona factory....
...Tapping the resurgent demand for hybrids was a priority, executives from General Motors, Nissan, Hyundai, Volkswagen and Ford told the Financial Times’ Future of the Car Summit this week....
...Microsoft and Nvidia are also backing London-based Wayve in what is Europe’s largest ever AI financing, the Financial Times’ Peter Campbell, Tim Bradshaw and David Keohane report....
...The company is already building a new factory in Hungary that will produce its first cars next year, and the business plans to start studying sites for a second plant in the coming months....
...He told a Financial Times summit that weak sales meant the company’s only option to avoid crippling fines under the UK’s new electric vehicle quota rules was to divert sales to other countries....
...During a demonstration to the Financial Times last week in London, a car running Wayve’s first-generation technology felt smooth and natural....
...Makoto Uchida told the Financial Times’ Future of the Car Summit that Nissan would launch five new electric or hybrid vehicles in China within the next two years, adding that it would deepen partnerships...
...Martin Sander, Ford’s head of electric vehicles in Europe, told a Financial Times summit on Tuesday that weak battery car sales mean the company’s only option to avoid crippling fines under the UK’s new...
...“He’s using the same production line for a human-driven vehicle and a robotaxi, with the ability to pivot between the two depending upon the market demand at the time.”...
...The UAW on Wednesday said it had filed charges against Mercedes in Germany, arguing that the company had violated a new German law that prohibits employers from launching anti-union campaigns anywhere in...
...“Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth,” said IEA executive director Fatih Birol....
...But it is also one that seems particularly urgent now as the city has become so saturated in images both in itself (think Times Square in New York or London’s Piccadilly Circus) and in the way we use screens...
...Milton’s tenure at Nikola saw the company list shares through a merger with a special purpose acquisition company backed by Girsky at the height of the blank-cheque company boom....
...He will join Aston Martin no later than October 1 and replace the current head, 77-year-old Amedeo Felisa, Aston announced. The Financial Times reported Hallmark’s appointment earlier on Friday....
...The move comes after the company saw its shares delisted from the Nasdaq stock exchange in New York last week, after failing to file annual accounts for 2022....
...The company announced the Roadster sports car in 2017 but has yet to begin production. Musk last week promised that a new lower-cost model was coming next year....
...The downbeat news and questions about direction may even prompt a change of heart among some diehard fans....
...But the Japanese company’s hybrid models have been a massive success, so it seems like Toyota was right. Well, at least for now. Peter Campbell is the FT’s global motor industry correspondent....
...The shift to EVs will take time. Prices will fall as new models come on sale, while the job of installing charging stations grinds on....
...In their idle time, the vehicles’ spare processing capacity would be networked to train AI models....
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
...The company has been hamstrung by suppliers not delivering components in time in the past, and often blamed poor quarterly sales on cars waiting for key parts....
...The stock has dropped by a third since the demerger, which Butterworth said was partly due to legacy shareholders in Melrose selling their stakes in the new business....
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