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News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
General Motors upgrades guidance after quarterly revenue beat
...General Motors shares were up 4.4 per cent in pre-market trading in New York....
April 23, 2024
BBC
Tim Davie calls for BBC licence fee reform
...BBC director-general Tim Davie has called for reform of the licence fee as part of a broader strategy to turn Britain’s national broadcaster into a more commercial operation....
March 26, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
What to watch in Asia today
...Corporate results: Japan’s Nidec Corporation, which manufactures the electric motors used in hard-disk drives, China Tourism Group and Ping An Insurance Group announce quarterly results....
April 23, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Strains on public healthcare and rising motor premiums drive insurers’ profits
...Private health sales rose 41 per cent in 2023, as Aviva continued to benefit from strains on public healthcare, while premiums from general insurance such as car insurance also grew....
March 7, 2024
LexNissan Motor Co Ltd
This Nissan-Honda team will struggle to match EV rivals Premium content
...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....
March 18, 2024
News updates from November 30: US diplomat Henry Kissinger dies aged 100, US says Indian official directed foiled plot to kill Sikh separatist in New York
General Motors hikes dividend by 33% and announces $10bn share buyback
...General Motors also announced it would buy back $10bn of shares and increase its quarterly dividend by 3 cents per share to 12 cents....
November 29, 2023
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
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Auto union members ratify contracts at Ford, General Motors and Stellantis
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
November 20, 2023
News updates from November 16: Oil prices hit 4-month low, Wirecard hacker sentenced to 80 months in prison
General Motors workers secure 25% pay bump with union contract ratification
...Unionised workers at General Motors ratified a tentative contract that gives them a 25 per cent raise over the next four years, while restoring cost-of-living adjustments and granting retirees a one-time...
November 16, 2023
News updates from February 1: Meta announces first ever dividend, Bank of England holds interest rates
UK Labour party promises to cap corporation tax at 25%
...Rachel Reeves, the UK’s shadow chancellor, has promised no rise in corporation tax from its current rate of 25 per cent under a Labour government if the party wins the general election later this year....
February 1, 2024
News updates from October 30: S&P 500 notches biggest gain in two months as Fed meeting looms, General Motors in tentative deal to end UAW strike
General Motors in tentative deal to end UAW strike
...General Motors has reached a tentative deal with the United Auto Workers union to end a six-week strike that also hit Ford and Stellantis, in what was the first co-ordinated walkout by workers at the three...
October 30, 2023
Inside BusinessKana Inagaki
Oil and water: why Nissan and Honda are setting aside their rivalry
...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...
April 9, 2024
General Motors Co
General Motors stock soars on $10bn share buyback and dividend boost
...General Motors has announced plans to return “significant capital” to shareholders as the US carmaker seeks to move past difficulties with its ambitions for electric vehicles and driverless cars and from...
November 29, 2023
News updates from October 10: Birkenstock prices IPO at $46 a share, Investors cut bets on US rate rises
General Motors reaches deal with Canadian union after strike
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
October 10, 2023
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
General Motors reaches deal with Canadian union after strike
...Separately, the United Auto Workers is on strike against Ford, General Motors and Stellantis in the US....
October 10, 2023
Irish economy
Ireland forecasts €8.6bn budget surplus this year
...Ireland must hold a general election by March 2025 and a three-party ruling coalition, made up of the centrist Fine Gael and Fianna Fáil parties, and the Greens, is seeking to stay in power despite nationalist...
April 23, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
Electric vehicles
Honda and Nissan to join forces to survive EV race
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
March 15, 2024
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
What to watch in North America today
...Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the...
April 23, 2024
ReviewBusiness books
The Corporation and the Twentieth Century — a history of US business
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
November 27, 2023
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
What to watch in Asia today
...Corporate earnings: Japan’s Mitsubishi, Nintendo and Toyota Motor and China’s Semiconductor Manufacturing International Corporation report results....
February 6, 2024
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
April 4, 2024
News updates from December 14: BoE and ECB hold rates steady, ECB’s Lagarde pushes back against rate cuts expectations
Apollo, Carlyle and KKR weigh bids for Pension Insurance Corporation
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
December 14, 2023
UK politics
Hunt raises possibility of more tax cuts before general election
...Chancellor Jeremy Hunt has raised the possibility of further tax cuts before the next general election as he counts on recent reductions to national insurance and the prospect of lower interest rates to...
April 16, 2024
Anglo American PLC
BHP plans £31bn bid for Anglo American but attracts ire from South Africa and shareholders
...BHP in 2001 merged with South African miner Billiton and a South African state-owned entity, Public Investment Corporation, is Anglo’s biggest shareholder....
April 25, 2024
China Electronics Technology Group Corporation
China anti-graft agencies investigate top defence group executive
...The probe into He Wenzhong, deputy general manager of CETC, a company subject to US sanctions, follows a shake-up of the armed forces last year, when the two generals in command of the People’s Liberation...
April 9, 2024
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
Japanese equities edge down ahead of Toyota and Mitsubishi results
...Japan’s Topix fell 0.8 per cent in early trading ahead of earnings releases from Toyota Motor and Mitsubishi Corporation, which were both down 0.8 per cent. South Korea’s Kospi shed 0.6 per cent....
February 6, 2024

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