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...Lithia, which also owns dealership group Jardine Motors, told staff on Tuesday it planned to close CarStore, according to people with knowledge of the announcement, following pandemic-era production issues...
...The group previously said “it would not be appropriate for us to comment before the investigation is completed”....
...The boss of Lucid Motors said the US electric car start-up must not rely on the “bottomless wealth” of its Saudi Arabian backer as it looks to raise funds over the coming year....
...TIC currently owns about 7.3 per cent of Toyota Motor, while the much larger company owns 23.5 per cent of TIC, according to LSEG data....
...Other earnings: Merck, Caterpillar, Honeywell, Bristol Myers Squibb, Altria, Northrop Grumman, Royal Caribbean Cruises, Southwest Airlines, American Airlines, Harley-Davidson and Hertz are reporting before...
...According to Anthony Hart, sales manager at Plymouth Harley-Davidson, the Freewheeler and Harley-Davidson’s other three-wheeled offering – the more opulent, £38,795 Tri-Glide Ultra – are proving to be a...
...LiveWire, still majority owned by Harley, has disappointed: only 63 units shipped in the first quarter of this year despite the company’s goal of selling 100,000 by 2026....
...Earnings are also expected from Merck, Caterpillar, Honeywell, Bristol Myers Squibb, Altria, Northrop Grumman, Royal Caribbean Cruises, Southwest Airlines, American Airlines, Harley-Davidson and Hertz before...
...Wisconsin-based Harley-Davidson joins General Motors and construction equipment maker Caterpillar to benefit from higher prices as a way to cope with inflation....
...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....
...Lloyds Banking Group, which owns the UK’s largest car finance lender Black Horse, has already set aside £450mn to cover the potential costs of the probe....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...In 2018 the Trump administration imposed tariffs on steel and aluminium coming from Europe and in retaliation Brussels put tariffs on US-made goods like whiskey, jeans and Harley-Davidson motorbikes....
...These range from Lloyds Banking Group (through its financing arm Black Horse) to Close Brothers and other smaller groups....
...The alliance also includes smaller partner Mitsubishi Motors....
...But each of the company’s past two pay increases topped $2 an hour....
...Groups such as Ford and Volkswagen collect healthy profits from their captive finance divisions....
...In response to questions about the CATL chief’s remarks, the Nissan executive claimed the group had cracked some of the critical elements of solid state, in the laboratory at least....
...Asked if the savings target — which equates to just over a 10th of the group’s cost base — would include job cuts, Winslow said the company was “not announcing anything on jobs today” and would talk to colleagues...
...European trade commissioner Valdis Dombrovskis told the Financial Times he was in favour of postponing the reimposition of retaliatory tariffs on American goods such as bourbon whiskey and Harley-Davidson...
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Penny James stepped down as chief just over a year ago after the group scrapped its dividend following a period of rampant inflation in motor claims....
...Audi oversees Bentley within the VW group....
...The regulator noted that a “high number” of complaints had been rejected by motor finance groups that “consider that they have not acted unfairly nor caused their customers loss based on the applicable legal...
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
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