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...it recently invested $250mn alongside Sequoia Heritage....
...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....
...The group has also recently released a new electric version of its historic Topolino model....
...Lotus commercial head Mike Johnstone said investors were interested in the company’s “history and heritage”, which stemmed from motor racing....
...The writer is senior adviser, Sequoia Heritage Now that Sir Jim Ratcliffe’s purchase of a minority stake in Manchester United has been sanctioned by the Premier League, he will be unlike any previous owner...
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...Two private capital groups, New York-based Global Infrastructure Partners and Sweden’s EQT, are each working to raise $20bn-plus funds next year....
...US group Lithia, which already has 50 UK sites, will buy the showrooms, Pendragon said on Monday....
...workers now bunk will not merit special status for their architectural or historical interest as parts of Bournville have done. iPhone City is an improbable candidate to join Saltaire as a Unesco World Heritage...
...Context: Venice, a Unesco World Heritage site known for its art and architecture, has been hollowed by mass tourism....
...Renesas, a key supplier of chips to the automotive industry, has been on a deal spree as it looks to diversify, which included adding the Apple supplier Dialog to its stable....
...“Those global corporates already proved that even the biggest automotive [manufacturers] today have to purchase China’s solutions in order to save time as well as get a lot more competitive products,” Li...
...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....
...A record 313,000 electric vehicles were sold in the US in the third quarter, according to data group Cox Automotive....
...China started commercial driverless development in 2013, about five years after groups in the US....
...But its unique heritage should enable it to achieve success....
...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....
...The rise was down to new demand and not simply higher prices, and in fact its estimate would have been even higher if the figure was adjusted for inflation, the data group said....
...The unit recorded sales of ¥185bn, not including subsidies, compared with ¥2.1tn for the entire group....
...The firm hopes to raise more than $2bn for its first fund, which will invest in privately held companies that have seen their valuations tumble amid a repricing of venture-backed groups....
...The Alliance for Automotive Innovation, a trade group that includes major carmakers, has said stringent US emissions standards proposed in April mark “a significant movement of the country’s electrification...
...Montblanc is now doubling down on its writing heritage with the opening of Montblanc Haus in Hamburg, a 3,600 sq m temple dedicated to the art of writing and calligraphy workshops....
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