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...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...Blackstone acquired US data centre group QTS for $10bn in 2021, which would manage the project. Rival Brookfield has also invested heavily in these high-tech facilities....
...The group is also building a plant in Mexico that is expected to come online in 2026....
...several people involved in the deliberations, companies exploring options for a second headquarters abroad include Lite-On and Qisda, which make electronic components and devices for consumer, telecoms, automotive...
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...SoftBank-backed Arm on Wednesday launched its high-powered “Neoverse” class of chip designs, which are typically used in data centres, for automotive applications for the first time, alongside a suite of...
...Automating much of the data analysis in such projects can save time and money, she explains. Solidatus’ clients currently include banks Citi and HSBC, which are also investors in the group....
...“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...
...Jordaan said his company still intended to establish manufacturing in Australia to supply Asian energy and automotive customers....
...In time-honoured tradition, a number of today’s key Budget announcements have been made ahead of time....
...The tech sector was the main driver of a 1.2 per cent increase in the S&P 500, bringing the benchmark index to a record high for the first time since January 2022....
...Chief executive RJ Scaringe said in an email to employees seen by the Financial Times that the business was facing “a challenging macroeconomic environment — including historically high interest rates and...
...Its customer base ended the year broadly flat as it sought to be disciplined on price at a time of rapid inflation in costs....
...The Alliance for Automotive Innovation, a trade group, said that carmakers were “committed to the EV transition”, but that slowing the pace of EV adoption between 2027 and 2030 was “the right call” and presented...
...“If a car can drive in Wuhan . . . I’m pretty sure it can drive in any other city in the world,” he said. Current Baidu executives declined to be interviewed....
...platform, writes Eleanor Olcott of the Financial Times....
...The group had a market value of $600mn, as of market close on Friday....
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...It is a good time to pull back on investment in driverless cars. McKinsey puts the driverless private passenger vehicle market at a possible $400bn by 2035....
...Even Vitesco has maintained a large combustion engine business that drives profitability while its electrification technologies division remains lossmaking....
...back on the investments needed to drive productivity....
...Critics at the time were sceptical that the performance boost would be worth the added costs....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...The €1.3bn annual deficit will be offset against future profits for the first time in its history....
...Brussels has argued that the new rules would drive down the price of medicines and make them more available....
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