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US equities
The tiny Chinese tea seller whose shares trade more than Tesla’s
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
February 9, 2024
Leonardo SpA
Leonardo calls for reform of EU’s fragmented defence industry
...“We must start building a critical mass in Europe, we must lay the foundations for continental defence centres . . . the world can’t host too many military vehicles,” said Cingolani....
January 4, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...The people with knowledge of Tesla’s plans said it would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat...
April 3, 2024
Taiwan
Taiwanese groups consider overseas headquarters to hedge against Chinese attack
...The groups are “in manufacturing [and] currently looking for a location for a second headquarters in south-east Asia, just in case an emergency happens in Taiwan, to give them an alternative command system...
April 9, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...US-based Group 1 Automotive, which already has 55 UK sites, will buy its retail business, consisting of more than 80 forecourts across the country, Inchcape said on Monday....
April 15, 2024
Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico....
April 24, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
LexArtificial intelligence
China’s search for an answer to ChatGPT is just beginning Premium content
...SenseTime has the biggest market share of in-automotive image recognition systems in China....
April 24, 2024
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...Look at the company’s spending decisions and it seems as if everything is targeted towards addressing the 13 per cent drop in automotive revenues....
April 23, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
April 23, 2024
Synopsys Inc
Synopsys to buy Ansys in $35bn design software deal
...This gave scope to increase their potential market with a “silicon-to-systems” product set and to boost margins....
January 16, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...The lay-offs and lower-than-expected production projection come as EV sales are growing at a slower rate in the US....
February 21, 2024
Electric vehicles
German car suppliers struggle to adjust to EV shift
...Just five years ago, Andreas Wolf was struggling to convince investors of his plans to turn the Bavarian automotive supplier Vitesco Technologies into a specialist in parts and systems for electric vehicles...
January 21, 2024
Naledi Pandor
Bringing South Africa to its knees would be self-sabotage for the US
...We were a key driver in the formulation of the African Continental Free Trade Agreement and now of its implementation....
April 5, 2024
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
March 7, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
February 28, 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
Letter
Letter: Why the airline business is unsuited to theory of the firm
...In the US even major carriers including Northwest and Continental merged out of necessity; Northwest with Delta; Continental took over United; American absorbed TWA and US Airways while Virgin America merged...
January 24, 2024
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...radiologists in state-run health systems....
April 22, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
April 18, 2024
TikTok Inc
US Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
...Banning TikTok from stores would mean the app would no longer receive updates, making it increasingly difficult to use as operating systems evolve and eventually rendering it obsolete....
April 24, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Daniel Kollar, an automotive expert at consultancy Intralink, said Tesla’s China performance had remained strong but the company faced challenges from local competition, a renaissance of hybrid cars and...
March 10, 2024
BlackRock Inc
BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash
...BlackRock is not the only US company to step up security spending on its chief executive.Disney chief Bob Iger’s 2023 pay package included $1.2mn in costs for “security services and equipment”, the entertainment...
April 21, 2024
Special ReportFuture of AI
‘Humanoid’ robot wave signals change on the production line
...and manufacturing at US software supplier Autodesk....
March 26, 2024
LexCredit cards
Visa and Mastercard’s deal to cut fees is a hollow consumer victory Premium content
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
March 27, 2024
US retail
Cyber Monday online shopping spree forecast to break record
...According to Mastercard SpendingPulse, which measures activity in stores and online across all forms of payment, US retail sales on Friday excluding automotive categories were up 2.5 per cent year on year...
November 27, 2023
EU defence
Defence CEO calls for European version of Israel’s Iron Dome
...Shielding large swaths of continental Europe with a similar system has been dismissed as far-fetched by analysts but EU countries have invested in an array of air defence technology....
March 20, 2024

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