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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
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
FT Live
Future of the Car 2025
The leading gathering for the automotive industry
Tuesday, 13 May 2025Sancroft, Paternoster Square, London EC4M 7DQ, UK
Swiss politics
Swiss open first criminal probe over Russia sanctions ‘violations’
...The company allegedly violated Swiss rules through its use of subsidiaries abroad, the attorney-general’s office said, declining to identify the group or sector involved....
March 12, 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
Electric vehicles
Carmakers bet on hybrids as shift to EVs slows
...“We have to invest heavily in the future of plug-in hybrids,” said Mark Reuss, the president of General Motors. “We have to be agile....
May 10, 2024
News updates from May 7: White House tries revive ceasefire talks; Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
What to watch in Asia today
...India conducts the third phase of its general election. Corporate updates: Japan’s Nintendo, Australia’s ANZ and Budweiser Brewing Company Apac announce quarterly earnings....
May 7, 2024
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
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
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
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
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
LexToyota Motor Corp
Toyota’s hybrid surge still leaves it playing catch-up on battery EVs Premium content
...Toyota Motor’s nearly 80 per cent profit increase in the latest quarter reflects that shift in the global car market....
May 8, 2024
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 March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
Markets update: Hong Kong equities drop after Beijing budget as Tata Motors jumps
...In India, Tata Motors shares rose as much as 7.9 per cent in early trading after the group announced it would be split into two listed companies....
March 5, 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 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
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Financial & markets regulation
UK regulator warns banks to prepare for costs tied to motor finance probe
...However, it warned that many companies were “struggling to promptly provide the data we need” and said it would extend its review if it did not receive “comprehensive data promptly from a range of firms”...
April 12, 2024
News updates from May 7: White House tries revive ceasefire talks; Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
Nissan in a ‘survival game’ in China, says chief executive
...Senior executives from Volkswagen, General Motors and Hyundai will speak during the three day summit....
May 7, 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
Nestlé S.A.
Nestlé shareholders call on food giant to reduce reliance on unhealthy products
...“They’ve included specialised nutrition in their target and that’s a problem for us,” said Maria Larsson Ortino, senior global ESG manager at Legal & General Investment Management....
March 14, 2024
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
...General Motors workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
October 10, 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
...General Motor’s workers who walked out of Canadian plants at midnight have reached a tentative agreement with the company, ending a strike that lasted just over 12 hours....
October 10, 2023
LexTata Motors Ltd
Range Rover’s cult status should mean a smooth drive at Tata Motors Premium content
...Tata Motors’ stock has more than doubled over the past year, far outpacing the Indian market — quite a feat for a company with a market value of more than $40bn....
February 5, 2024
News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
Hyundai Motors shares rise despite missing profit estimates
...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
January 25, 2024
News updates from February 14: UK inflation holds steady, Uber debuts $7bn share buyback
UK motor insurance prices may have plateaued after first fall in two years
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
February 14, 2024
Toyota Motor Corp
Toyota seeks to create ‘game changer’ to take on Chinese rivals
...The group, which includes Daihatsu and Hino Motors, expects to sell 10.4mn vehicles in the current financial year, compared with 10.3mn vehicles in the previous year....
May 8, 2024

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