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Mercedes-Benz AG
Mercedes trials humanlike robots for ‘demanding and repetitive’ tasks
...Standing at 5ft 8in and weighing 160 pounds, the humanoid Apollo robots from Texan group Apptronik will be used to deliver parts to car assembly lines as well as to carry out quality inspections....
March 15, 2024
Insurance
Auto-insurance costs rear their ugly head yet again
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
February 13, 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
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...At the time, the UAW faced fierce opposition from elected officials, local business leaders and a group of anti-UAW employees funded by anti-union interest groups, said Harry Katz, a professor of collective...
April 20, 2024
News updates from November 6: Gaza death toll surpasses 10,000, Trump’s New York fraud trial starts
David Einhorn urges Vitesco to reject offer from rival German auto group Schaeffler
November 6, 2023
News updates from November 27: Israel-Hamas truce extended by two days, Qatar says, Fast-fashion group Shein files confidential IPO paperwork in US
State-owned Changan Auto climbs after taking stake in Huawei smart car venture
...Shares in Chinese state-owned carmaker Changan Automobile climbed on Monday, after the company announced an investment into a spin-off of tech group Huawei’s smart car business....
November 27, 2023
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Auto union members ratify contracts at Ford, General Motors and Stellantis
...The formal ratification will bring relief to the automotive groups after the six-week strike cost Ford and GM $400mn and $200mn a week, respectively, hitting their earnings....
November 20, 2023
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Embracer Group
Debt-strapped European games group Embracer plans 3-way split
...Wingefors is dismantling his empire just weeks after insisting that Embracer’s restructuring had ended with March’s $460mn sale of Gearbox to Take-Two, the US-based games group behind Grand Theft Auto....
April 22, 2024
Due Diligence
Is private equity’s $3tn problem starting to ease? Premium content
...Over the past three years, the group, helmed by Li Shufu, has overseen the IPO of Volvo Cars, and the de-Spac listings of EV brand Polestar and in-car tech group ECARX....
March 12, 2024
Working It
Strategies for coping with holiday email deluge
...In 2014, German carmaker Daimler introduced a function to auto-delete emails received while employees were on vacation, with a notification to the sender....
April 3, 2024
Aston Martin
Aston Martin appoints Bentley’s Adrian Hallmark as chief executive
...Audi oversees Bentley within the VW group....
March 22, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
March 26, 2024
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...dealership group Hendrick....
March 27, 2024
News updates from March 27: Yen hits 34-year low; Nobel winner Daniel Kahneman dies
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...dealership group Hendrick....
March 27, 2024
UK mis-selling
UK auto lenders could face £13bn bill after FCA probe into commissions
...The FCA’s clarification sent shares in Lloyds Banking Group down more than 2 per cent while shares in specialist lender Close Brothers fell nearly 3 per cent....
January 24, 2024
ReviewBiography and memoir
Change — Édouard Louis’s imitation game
...harrowing account of a working-class childhood in a village in northern France, it made its author Édouard Louis a literary celebrity and a poster boy for that most imprecise yet omnipresent of genres — auto-fiction...
March 8, 2024
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
#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
Xiaomi Corp
China’s smartphone maker Xiaomi bets on EVs even as Apple pivots
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
March 29, 2024
Inside BusinessEdward White
China’s zombie car plant problem
...Despite the growth of the EV industry, the number of people employed in auto manufacturing in China reached close to 5mn in 2018 and has fallen by 500,000 workers since, according to data group CEIC....
March 26, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
Chinese electric vehicle maker Nio records deeper losses
...The group cut 10 per cent of its workforce in November and has considered spinning off non-core businesses in an effort to improve efficiency....
March 5, 2024
News updates from September 27: Soldier Travis King ‘in US custody’, Argentina’s poverty rate hits 40%
UK auto dealer Pendragon in three-way bidding war
...The UK car dealer agreed last month to sell its dealerships to US group Lithia for £280mn, to focus on its software arm....
September 27, 2023
Gaming
Can Grand Theft Auto VI match its $7.7bn predecessor?
...At the age of 12, playing Grand Theft Auto: Vice City, I experienced the electric thrill of total freedom....
December 6, 2023
Electric vehicles
US gives carmakers more time to meet aggressive emissions targets
...Among those concerned about a swift rollout of electric vehicles is the United Auto Workers union, which has endorsed Biden for 2024....
March 20, 2024
Automobiles
David Einhorn urges Vitesco to reject offer from rival German auto group Schaeffler
Hedge fund boss tells EV specialist not to accept bid from competitor that has ‘missed the boat’
November 6, 2023
LexAutomobiles
Auto loans: rising delinquency means investors should buckle up Premium content
...Negative equity — when the amount of debt owed exceeds the vehicle’s worth — is becoming more commonplace, according to credit report group TransUnion and market researcher JD Power....
November 9, 2023
Electric vehicles
Joe Biden says Chinese smart cars could pose US security threat
...“China imposes restrictions on American autos and other foreign autos operating in China,” Biden added....
February 29, 2024

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