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...Before rejoining the agency last year, Whitaker worked as chief operating officer at Supernal, Hyundai Motor Group’s nascent electric aircraft business....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...The pace of the slowdown has caught several carmakers by surprise, with groups including General Motors and VW pulling back from expanding EV capacity in recent months, and diverting resources into engine...
...The surge in output is expected to strengthen China’s dominance over the production and price of a metal used in electronics, electric cars and aviation....
...than 60 per cent electric....
...General Electric unveiled plans back in 2021 to split itself up into three separate companies....
...General Motors and Tesla have paused some of their EV expansion plans....
...“It is very important that air-to-air missiles, which will ensure control of the airspace, go in the set with the planes,” retired air force general Sreto Malinović told the FT....
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Some of this money will go to developing technology for lower carbon transport options, including electric vehicles and energy efficient aviation....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
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...Boeing shares are also trading below yesterday’s closing price after the Federal Aviation Administration blocked the aviation group from expanding production of the popular 737 Max....
...It also has an alliance with General Motors in fuel-cell vehicles and self-driving technology, but the two carmakers last year scrapped plans to jointly develop affordable EVs owing to differences over cost...
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...General Motors scaled back plans for its self-driving Cruise unit last year following an accident while testing on public roads, while Ford pulled out of the technology altogether to focus on driver-assistance...
...Aviation bosses welcome these moves but say the level of support pales in comparison to what is on offer in the EU, where aviation taxes are ploughed into its production, and the US, which has unveiled huge...
...In a bid to ease cost-of-living pressures in the run-up to the general election expected later this year, Hunt said he would maintain the 5p cut on fuel duty and freeze the charge for another 12 months....
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...Christoph Weber, general manager of engineering software company AutoForm, has worked with Xiaomi’s car unit in Shanghai and said Lei appeared poised to repeat his success in starting with a high-quality...
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
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