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...General Motors shares were up 4.4 per cent in pre-market trading in New York....
...Witness the company’s spring gala this week, in which a revival of Balanchine’s Rubies was followed by world premieres of works by Justin Peck and Amy Hall Garner....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Toyota Motor’s nearly 80 per cent profit increase in the latest quarter reflects that shift in the global car market....
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...However, it warned that many companies were “struggling to promptly provide the data we need” and said it would extend its review if it did not receive “comprehensive data promptly from a range of firms”...
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
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...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...The group, which includes Daihatsu and Hino Motors, expects to sell 10.4mn vehicles in the current financial year, compared with 10.3mn vehicles in the previous year....
...Earlier on Tuesday, Peugeot chief executive Linda Jackson said the company had “no choice” but to meet its plan to sell only electric vehicles in Europe by 2030....
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...The UK’s top financial regulator has launched an investigation into historical commission agreements at motor finance companies after finding that companies were rejecting “most” of the “high number” of...
...But each of the company’s past two pay increases topped $2 an hour....
...However, carmakers are huge global companies with revenues often in the hundreds of billions of pounds....
...Any lenders funding motor finance should worry about how this problem could mushroom....
Makoto Uchida tells FT summit that carmaker plans to overhaul strategy as sales fall in world’s largest vehicle market
...The alliance also includes smaller partner Mitsubishi Motors....
...The threat from Chinese companies has only heightened carmakers’ focus on hybrids, which typically have double-digit margins compared with often lossmaking fully electric vehicles....
...The two companies are setting up a strategic alliance to work together on AI, cloud computing and big data for EVs....
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