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Electric vehicles
Americans opt to lease electric cars to tap Biden tax credits
...For Kia, only about 6 per cent of the vehicles traded in to purchase a new Kia are luxury models, according to Edmunds. But for the electric Kia EV6, 21 per cent of the trade-ins are luxury cars....
December 16, 2023
Electric vehicles
How Hyundai became big in America after focusing on smaller electric vehicles
...“Hyundai and Kia used to be regarded in the US as low-end, unreliable cars,” said Troy Stangarone, senior director at the Korea Economic Institute of America....
January 8, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
South Korean business & finance
New York sues Hyundai and Kia over ‘explosion’ of car thefts
...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....
June 7, 2023
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
Lex PopuliPersonal Finance
Stock splits: slicing the burrito
...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....
April 5, 2024
Scoreboard
Is Netflix limbering up for live sport? Premium content
...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....
January 27, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
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-depthElectric vehicles
Was Toyota’s bet on hybrid cars right all along?
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
February 26, 2024
Special ReportNorth America Innovative Lawyers
Standout examples of in-house lawyers’ work
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
December 5, 2023
Inside BusinessChristian Davies
South Korean business worries rise over Biden’s IRA law
...Hyundai and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric vehicle sales behind Tesla, with their market share set to grow once a new $7.6bn plant...
February 21, 2024
Special ReportThe Business of Formula One
After years in the pits, F1 goes up a gear in the US market
...Only then will F1 truly be able to say it has cracked America....
November 24, 2023
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway pares its stake in Apple
...That dwarfs its second-largest publicly traded investment: Bank of America....
February 14, 2024
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
January 11, 2024
Commercial property
‘Skyscraper queen’ leaves CBRE as New York property crisis deepens
...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...
February 5, 2024
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
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Tesla Inc
Tesla reveals Cybertruck pricing as it begins deliveries
...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....
November 30, 2023
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
November 22, 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
Pendragon PLC
Pendragon to sell UK car dealerships to US group Lithia in £280mn deal
...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....
September 18, 2023
Electric vehicles
Sales of electric vehicles in the US are accelerating
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
July 8, 2023
Berkshire Hathaway Inc
Buffett sounds wildfire alarm as utilities industry enters new era
...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
March 1, 2024
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
Driverless vehicles
China challenges the west for driverless car supremacy
...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....
January 31, 2024
Panasonic Corp
Panasonic blames lacklustre Tesla demand for cut to profit outlook
...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...
October 30, 2023
Electric vehicles
Electric vehicles defy price war after Ford and Tesla discounts
...General Motors chief executive Mary Barra said on Tuesday that the company’s EVs were priced correctly. Volkswagen declined to cut prices, as did Hyundai and Kia....
February 5, 2023

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