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Automobiles
US carmakers face a union looking for its ‘defining moment’
...The endorsement per se matters less than how much money and manpower the UAW commits to next year’s get-out-the-vote operation during the presidential election, Kosnoski said....
July 12, 2023
Inside BusinessPeter Campbell
How a survivalist mentality has helped Stellantis eclipse VW
...There has been a reshuffle on the world’s automotive podium. Volkswagen lost the crown as the world’s largest carmaker by sales to Toyota in 2016 in the wake of its diesel emissions scandal....
March 13, 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
Tesla Inc
Tesla strikes in Sweden are ‘insane’, says Musk
...Tesla has avoided collective bargaining in its global operations despite opening a factory in Germany, where auto unions are powerful....
November 23, 2023
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...“Those global corporates already proved that even the biggest automotive [manufacturers] today have to purchase China’s solutions in order to save time as well as get a lot more competitive products,” Li...
February 18, 2024
Inside BusinessRichard Waters
Apple’s slow-burn approach to products
...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
January 25, 2024
Tesla Inc
Tesla shares drop 12% after sales growth warning
...Excluding the effects of regulatory credits, the gross margin from Tesla’s automotive unit — a closely watched measure of its core operations — increased to 17.2 per cent for the quarter, slightly ahead...
January 25, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Semiconductors
Nvidia supplier to set up pilot plant in Malaysia
...If the operation goes well, Kinsus will eventually expand its investments in the country, the person added....
January 23, 2024
Tech start-ups
Toyota home ground becomes base for drone and space start-ups
...It aims to accelerate “air mobility” such as drones and flying cars and advance their autonomous operation....
February 13, 2024
Tesla Inc
Tesla profits fall after price cuts and plant shutdowns
...Excluding the impact of regulatory credits, the gross margin from Tesla’s automotive operations — a closely watched measure of its core operations — dropped to 16.3 per cent in the third quarter, its lowest...
October 18, 2023
Semiconductors
Europe’s top chipmaker Infineon boosts hiring in India and Vietnam
...A version of this article was first published by Nikkei Asia on January 26. ©2024 Nikkei Inc. All rights reserved....
January 30, 2024
Rivian Automotive, Inc.
Rivian boosts EV production target as supply problems ease
...Rivian used $1.4bn in cash for operations in the second quarter, compared with $1.2bn for the same period a year earlier. The increase was due to carrying greater inventory....
August 8, 2023
News in-depthBYD Co Ltd
Wang Chuanfu, the driving force behind BYD’s rise
...“State subsidies are usually also contingent on them producing locally . . . you lose all those advantages once you take the operation outside of China,” Guajardo said....
January 4, 2024
Inside BusinessRichard Waters
Rivian investors need a reality check
...Is it possible to build a complex manufacturing operation this quickly?...
July 13, 2023
Person in the News
Marie Nilsson, the Swedish union leader taking on Elon Musk
...“IF Metall is one of the most flexible and industry-focused unions in Europe,” one automotive industry manager explains....
December 1, 2023
EU-China relations
Foreign brands including Tesla to face scrutiny as part of EU probe into China car subsidies
...and the stability of global automotive supply chains....
September 26, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
News in-depthTesla Inc
Sweden’s Tesla strikes pit Elon Musk against European labour ideals
...But the Swedish case shows that influential unions are able to disrupt Tesla’s operations, even if its own workers are not unionised or — in the case of Sweden — it does not even manufacture vehicles....
November 30, 2023
Tesla Inc
Tesla profit margins slip as price cuts weigh on earnings
...The company’s gross profit margin from automotive operations, excluding the effect of regulatory credits, dropped to 18.2 per cent in the past three months....
July 19, 2023
News in-depthElectric vehicles
Welcome to Normal: the town that holds the keys to Rivian’s future
...The semiconductor shortage that bedevilled the automotive industry in 2021 and 2022 hit Rivian, too. It deployed employees to suppliers to help them meet the carmaker’s needs....
May 8, 2023
Mergers & Acquisitions
Bid for US Steel promises national security through consolidation
...Under chief executive Lourenco Goncalves, Cleveland-Cliffs has already expanded, acquiring AK Steel and ArcelorMittal’s US operations in 2020 for $6bn in total....
August 18, 2023
Rivian Automotive, Inc.
Rivian halts plan for European electric van plant with Mercedes-Benz
...It already has US manufacturing operations making a pick-up truck and sport utility vehicle, as well as a delivery van for Amazon, and is in the process of developing a new generation of consumer vehicles...
December 12, 2022
Inside BusinessRichard Waters
Musk breaks the spell he had woven around Tesla
...Over the past two years, the 30 per cent gross margin on Tesla’s automotive operations (at least, until higher costs crept in this spring) was roughly double the likes of Ford and General Motors, and comfortably...
December 30, 2022
News in-depthTim Cook
Tim Cook charm resolves Twitter spat yet China crisis rumbles on
...Cook has extended Apple’s reach into new media and services, and laid the foundation for expanding its footprint into the finance, automotive and healthcare industries....
December 3, 2022
The Big Read
Trouble at Tesla: the end of a golden age of growth?
...Lutz, who once held senior roles at Ford, Chrysler and GM, credits Musk with “single-handedly returning a reputation for excellence in technical innovation to the American car industry”....
January 6, 2023
Special ReportEnergy Transition
Europe lags China in race for electric car supply chain
...Europe has almost no lithium and graphite operations....
September 20, 2022
Tesla Inc
Musk tries to brush off concerns about demand for Teslas
...Tesla was able to hold its closely watched gross profit margin from automotive operations at 27.9 per cent, the same as the preceding three months, though it was down 2.5 percentage points from the year...
October 19, 2022

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