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...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
...At stake is the infrastructure needed to make motorway driving less of a struggle for EV owners. Volkswagen this week announced that it may adopt Tesla’s North American Charging Standard....
...As evidence that foreign carmakers are realising the advantages, he points to Volkswagen’s $700mn tie-up with Chinese rival Xpeng last year....
...Chinese carmakers need to find a way into North America, the world’s second-largest car market, if they want to maintain growth and keep Chinese factories filled, Dunne said....
...The company plans to start exporting left-hand drive variants of the SUV to the Middle East and Latin America....
...The town in the Midwestern corn belt is home to the manufacturing operations of Rivian, the battery-powered vehicle start-up worth more than Ford or Volkswagen soon after it listed 18 months ago....
...Kenvue, underwritten by Goldman Sachs, JPMorgan Chase and Bank of America, hit the public markets in May, at a valuation of $41bn....
...Volkswagen, BMW and Enel are among the leading European companies to review their renewable investment plans in the bloc in light of the IRA....
...move comes as shares in the group have fallen more than two-thirds in the past year over concerns about slowing demand, just when the company opened factories in Berlin and Shanghai, and rivals including Volkswagen...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Bank of America has hired former Deutsche Bank dealmaker Brett Orlando as global head of commodity transition, according to an internal memo seen by the FT....
...Volkswagen’s automotive software subsidiary Cariad is investing $2bn in a partnership with Chinese chipmaker Horizon Robotics....
...Volkswagen can overtake Tesla to become the largest electric vehicle manufacturer by 2025, as the challenge of lifting production weakens its fiercest rival, the German group’s chief executive has claimed...
...RWE is doubling down on the world’s second-biggest renewables market with the acquisition of a portfolio of US solar parks and wind farms from Consolidated Edison Inc in a $6.8bn deal funded by Qatar....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Which fintech tie-ups do you see happening by the end of the year? Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...The strong debut made LGES, which supplies Tesla, General Motors and Volkswagen, South Korea’s second-largest stock after Samsung Electronics....
...Shares that once valued truckmaker Rivian higher than Volkswagen and luxury group Lucid above Ford have lost more than half of their value in the past six months, a decline that set in far before the Russian...
...So they won’t even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
...sense,” says Brian Higgins, head of KPMG’s US supply chain and operations practice....
...A version of this article was first published by Nikkei Asia on November 29, 2021. ©2021 Nikkei Inc....
...Meanwhile, Bellingcat founder Eliot Higgins says, in his Lunch with the FT: “We’re sitting on the precipice of the misinformation age: from the information age to the misinformation age.”...
...So they won't even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
...“There’s obviously a big halo effect with anything electric vehicle-related at the moment, thanks to Tesla,” says Benjamin Bowler, an equity derivatives strategist at Bank of America....
...“The supply side is not reacting right now,” said Michael Widmer, an analyst at Bank of America....
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