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...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...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...
...The 53-year old, who works in the automotive industry, expects mortgage rates to fall in the coming months and wanted to take advantage of the lower costs....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...A record 313,000 electric vehicles were sold in the US in the third quarter, according to data group Cox Automotive....
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
...“[The] most astonishing thing to me is that the door came off,” said John Cox, a retired pilot and chief executive of Safety Operating Systems, an aviation safety consultancy....
...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....
...The “most astonishing thing to me is that the door came off”, said John Cox, a retired pilot and chief executive of Safety Operating Systems, an aviation safety consultancy....
...Ansys, which has headquarters in Pennsylvania and has its origins in structural analysis tools, makes engineering simulation software used in industries from automotive and construction to healthcare and...
...A record 1.2mn EVs were sold in the US in 2023, including 317,168 in the fourth quarter, according to data from Kelley Blue Book, a research company owned by data group Cox Automotive....
...That piecemeal approach meant the effects on inventory are so far “negligible”, said Jonathan Smoke, chief economist at Cox Automotive....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...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...
...Boeing has made “improvements since the original Max problems in 2018”, said John Cox, a retired pilot and chief executive of consultancy Safety Operating Systems....
...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
...The acquisition by Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly...
...“My recommendation to the FAA is to not grant the exemption,” said John Cox, a retired pilot and chief executive of consultancy Safety Operating Systems....
...Pendragon, one of the UK’s largest automotive retailers, is to sell all of its car dealerships for £280mn and focus on software, ending a tumultuous period in which the company’s attempts to sell itself...
...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...
...Data group Cox Automotive found that car dealers only have a 20-day supply of GM’s Chevrolet Colorado midsize truck, down from 35 days last month, while the supply of GM’s GMC Canyon midsize truck has shrunk...
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
Also in today’s newsletter, extreme weather spells trouble for Asian textile producers
...“The company is facing tougher competition in the US and Europe as more automakers opt for cheaper LFP [lithium iron phosphate] batteries,” said Lee from the automotive institute....
...Renesas, a key supplier of chips to the automotive industry, has been on a deal spree as it looks to diversify, which included adding the Apple supplier Dialog to its stable....
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