Hints and tips:
Related Special Reports
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...The group is also building a plant in Mexico that is expected to come online in 2026....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...A third labelled the programme “super nepotism”, noting: “Our recruiting programme aimed at the same age group is oversubscribed 40:1.”...
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...That deal was soon followed by a €1.5bn investment in Chinese EV start-up Leapmotor by Stellantis, which makes Jeep cars in the US and owns the Fiat and Citroën brands in Europe....
...Elsewhere in private equity, the Blackstone Group has raised $1.3bn for a fund tailored to wealthy individual clients, signalling a revival of momentum in its efforts to reach investors beyond its base of...
...Spending is down sharply on last year, with the most headline-grabbing move so far being the swift unravelling of Jordan Henderson’s ill-fated move to Saudi Arabia....
...A record 313,000 electric vehicles were sold in the US in the third quarter, according to data group Cox Automotive....
...It has also been in talks with Toyota and big automotive parts manufacturers such as Denso and Aishin, which are part of the Toyota Group, to explore areas of collaboration....
...Amazon’s US customers had purchased more than 1,000 items a second on Black Friday, led by beauty, home and kitchen products and toys, the company said....
...As the tribunal decision summarised it: Walkers contend that the products should be zero-rated for VAT purposes on the basis that they fall within Item 1 of Group 1 of Part II to Schedule 8 VAT, being “...
...EVs made up 8.6 per cent of US new vehicle sales in the first quarter of 2023, compared with 5.9 per cent for the same period a year earlier, according to the trade group Alliance for Automotive Innovation...
...While this remains one of Arm’s four market segments, its attention has swung towards data centre and automotive markets, which are projected to grow much faster and deliver fatter profits....
...Global impact The introduction of solid-state batteries could have a profound impact on the future of the global automotive industry....
...Price cuts of approximately 12-15 per cent led automotive revenues to fall 7 per cent....
...Analysts at Bernstein expected Apple to sell 1.5mn cars between 2025 and 2030. LG Electronics was identified as the most likely supplier....
...James Henderson is co-manager of the Henderson Opportunities Trust and the Lowland Investment Company...
...The group is using Risc-V — pronounced “Risc-five” — an open-source chip design architecture created in 2010 by the University of California, Berkeley....
...Its cash burn during the third quarter was about $1.4bn....
...Only 16 out of 1,802 companies listed on the Tokyo Prime Market are headed by women, according to Tokyo Shoko Research — less than 1 per cent. But there are some glimmers of hope....
...“We think demand will be good despite probably a contraction in the automotive market as a whole,” he added....
...It hopes its pre-cooling technology will draw interest from other sectors, such as power generation and automotive, under the umbrella of its applied technologies division....
...On an EV, the per-vehicle sales balloon to $1,200. Suppliers such as Aptiv are “essentially making this transition with the same products”, the analyst said....
...The shift to electric cars is transforming the automotive industry, with powerful carmakers giving ground in terms of purchasing power to suppliers, both battery makers and mining groups....
International Edition