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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...
...Electric car sales in Brazil are starting to take off, presenting a threat to the company’s core ethanol business....
...Amid a lack of demand for EVs in general, and Teslas in particular, its quarterly automotive revenues were down nearly 13 per cent over the past year and by over 19 per cent sequentially....
...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...
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...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....
...to stimulate waning demand for electric vehicles....
...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....
...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....
...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....
...Some of this money will go to developing technology for lower carbon transport options, including electric vehicles and energy efficient aviation....
...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....
...and electric cars “to last us well into the 2030s”....
...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...
...Many point to aviation as an example for the nuclear industry to follow....
...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...
...than 60 per cent electric....
...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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