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Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...Indian steelmaker JSW last month launched a $1.5bn tie-up with China’s SAIC Motor to build and sell EVs in India....
April 3, 2024
Clayton Dubilier & Rice Inc
US buyout firm CD&R hires former Tesco chief Dave Lewis
...It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron. CD&R has explored the possibility of selling MFG....
January 15, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...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....
April 15, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...That puts BYD in direct competition with gasoline cars....
March 5, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...Unlike legacy carmakers, Tesla is particularly exposed to the slowdown in battery-powered cars given it exclusively makes EVs....
April 15, 2024
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
March 7, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
Apple Inc
Apple cancels secretive electric car project in shift to focus on AI
...Apple’s decision to wind up its car project comes as it prepares to announce more details of its work in the fast-growing generative AI sector....
February 27, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
February 28, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...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...
April 2, 2024
Electric vehicles
‘The early adopters have adopted’: US carmakers slow their EV growth plans
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
October 28, 2023
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
February 21, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
March 10, 2024
Driverless vehicles
China challenges the west for driverless car supremacy
...Autonomous vehicle safety has been in the spotlight since early October, when a robotaxi operated by Cruise, the General Motors driverless car division, collided with a pedestrian and then dragged the person...
January 31, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
March 20, 2024
Hertz Global Holdings Inc
How Hertz’s bets on Tesla and a Goldman veteran veered off course
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
March 20, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Tech start-ups
Toyota home ground becomes base for drone and space start-ups
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
February 13, 2024
Tesla Inc
Tesla shares drop 12% after sales growth warning
...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....
January 25, 2024
Scoreboard
Is Netflix limbering up for live sport? Premium content
...This week the Italian car brand announced it will design yachts that can compete in international sailing competitions....
January 27, 2024
Pendragon PLC
Pendragon to sell UK car dealerships to US group Lithia in £280mn deal
...The deal also marks the latest departure of a car dealer from London’s stock market....
September 18, 2023
Special ReportNorth America Innovative Lawyers
In-house lawyers pick up pace on generative AI and supply chains
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
December 5, 2023
Electric vehicles
China’s EV suppliers look to leverage superior tech to recouple with west and drive expansion
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
February 18, 2024
Electric vehicles
Toyota takes on Tesla’s gigacasting in battle for carmaking’s future
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
November 6, 2023
Mergers & Acquisitions
CD&R’s Morrisons sells petrol forecourts to sister company MFG for £2.5bn
...The company has sought to capitalise on the shift to electric cars by developing ultrarapid charging hubs for these types of vehicles....
January 30, 2024
Tesla Inc
Tesla reveals Cybertruck pricing as it begins deliveries
...Tesla revealed on Thursday that pricing for the cheapest model of its much-hyped and long-delayed Cybertruck will start at $60,990, as the electric-car maker officially began the first deliveries of the...
November 30, 2023
#techAsia
Asians woo Tesla, Taiwan’s Kinsus mulls Malaysia substrate play Premium content
...An independent panel revealed that Daihatsu Motor, a subsidiary of Toyota Motor, had been cheating on safety and quality tests for over 30 years, delivering a blow to the auto group’s reputation — the most...
January 18, 2024

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