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...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....
...Tesla shareholders were even more carried away, adding $46bn to the EV maker’s market cap — more than General Motors was then worth — when it announced a stock split in August 2020....
...The FT visited Detroit this week to take the pulse of the Motor City — stay tuned for our report later this weekend. The history of the Lions overlaps with the history of Detroit itself....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...Only then will F1 truly be able to say it has cracked America....
...That dwarfs its second-largest publicly traded investment: Bank of America....
...Signs of distress and dislocation abound in the New York City office market, the world’s largest, where Stacom bagged many of her biggest deals, including the $2.8bn sale of the General Motors Building in...
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...The Cybertruck is Tesla’s bid to move beyond sedans and SUVs to challenge the likes of Ford, Stellantis and General Motors in the pick-up market, which is rapidly shifting to electric....
...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...
...The pair will then set up a joint venture in the US, 51 per cent owned by Lithia, to sell Pinewood’s dealership technology across North America, a market the pair said was worth £2.6bn....
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...New York City is suing Hyundai Motor and its affiliate Kia for negligence and creating a public nuisance over complaints about a “virtual explosion” of stolen cars blamed on a lack of anti-theft devices....
...The downgrade by Panasonic, which lowered its full-year operating profit forecast for its battery unit to ¥115bn ($771mn) from ¥135bn, was spurred by slowing demand in North America for Tesla EVs, which...
...Motor-vehicle insurance had a “relative importance” comparable to electricity costs in April, which sort of makes sense since both are widely used with required monthly payments....
...Monthly revenue per viewer in the country is only 70 cents on average, far below the $7.50 average in North America....
...Hacking Inc....
...Specialist charging companies such as Chargepoint, EVgo Services and Electrify America have been competing to serve cars made by a variety of manufacturers....
...I therefore took a keen interest this week in General Motors’ appointment of Mike Abbott, a former Apple executive, to head its software unit....
...Competitors have echoed that concern, with Mike Parra, chief executive of DHL’s Americas business, saying that other parcel delivery services would not be able to pick up the slack....
...The company plans to start exporting left-hand drive variants of the SUV to the Middle East and Latin America....
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