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...The group is also building a plant in Mexico that is expected to come online in 2026....
...Another heavily-traded company that until recently was a penny stock is Mullen 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....
...The IEA now predicts that oil demand will increase by 1.2mn barrels per day (b/d) this year, a 130,000 b/d reduction on its previous monthly forecast....
...He added: “The transformation of Aston Martin is one of the most exciting projects within the ultra-luxury automotive industry.”...
...India’s biggest steel producer JSW and Chinese carmaker SAIC Motor on Wednesday launched a $1.5bn joint venture to build and sell MG-brand electric vehicles in the world’s most populous country....
...“We need to be prepared for the risk that all solid-state battery technology could overturn” China’s advantage in automotive batteries, said a Tsinghua University professor specialising in automotive-related...
...Bosch last week announced 1,200 job losses, while ZF Friedrichshafen, which is largely controlled by the south German town whose name it bears, said it was reviewing its operations and in a worst-case scenario...
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...In 2022, the last year for which it filed accounts, revenues rose from £6bn to £6.5bn, though profits fell from £1.5bn to £1.3bn, as costs increased and the group faced some supply chain problems....
...In the first instance, the Competition and Markets Authority is launching an investigation into the domestic petcare market, where six leading groups (three private equity-owned) have hoovered up 1,500 vet...
...One is its partnership with state-owned Beijing Automotive Group Co to produce the EVs, which gives it an edge in manufacturing....
...Apple had been betting on that future, with one of the few elements of the company’s automotive project that it had publicly acknowledged being its attempts to master self-driving technology....
...At one time there were half a dozen London-listed car dealing groups, but after a series of takeovers only Vertu and Caffyns remain....
...“There’s steel overcapacity across the world, so if Acciaierie d’Italia (AdI) shuts down it doesn’t make a difference in the grand scheme of things,” Gozzi, who also chairs his family-owned steel group Duferco...
...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...
...for export to the world’s automotive heartlands....
...“We employ a consultancy to do our R&D claims for us because we haven’t got the time to fight the claims,” he said....
...“So, although we have a strong tradition in R&D and a globally focused economy, we also have challenges regarding financing and legislation that is focused too much on risk.”...
...And Shenzhen-based DeepRoute.ai, which already has a US office, is now setting up one in Europe to sell its assisted driving technology for driverless cars....
...Moreover, Toyota Tsusho, the trading arm of the Toyota Group, is one of the start-up’s investors. “Toyota affiliates have a strong presence in the community, and their actions can have an impact....
...JLR owner Tata has committed to build a second factory, which will initially use the Chinese group’s technology....
...“No one was willing to buy the plant at a high price.”...
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...When a courier received a receipt, all they saw was an anonymised route from A to B, alongside the number of miles and what they were paid....
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