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Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...India has been much slower to build and adopt EVs and charging infrastructure than China, whose top producer BYD is Tesla’s closest rival in terms of global sales....
April 3, 2024
Electric vehicles
Honda and Nissan to join forces to survive EV race
...The alliance also includes smaller partner Mitsubishi Motors....
March 15, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Nissan Motor Co Ltd
Nissan looks for partnerships to cut electric vehicle costs
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
March 25, 2024
Inside BusinessKana Inagaki
Oil and water: why Nissan and Honda are setting aside their rivalry
...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....
April 9, 2024
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
What to watch in North America today
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
April 23, 2024
News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
Hyundai Motors shares rise despite missing profit estimates
...Total sales of “eco-friendly vehicles” for the year were 695,000, ahead of the 507,000 units sold in 2022....
January 25, 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
Tech start-ups
Toyota home ground becomes base for drone and space start-ups
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
February 13, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...In Japan, hybrids accounted for 55 per cent of total sales of standard-sized passenger cars last year....
March 5, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
February 21, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
March 19, 2024
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
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
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
April 2, 2024
Automobiles
Mitsubishi suspends China production as car sales plunge
...The joint venture, known as GAC Mitsubishi Motors, saw its sales peak at 144,000 units in 2018 and fall to 33,600 units last year....
July 14, 2023
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
LexToyota Motor Corp
Toyota testing scandals overshadow top sales ranking Premium content
...Those include brand damage from a series of testing scandals and the fact it has fallen behind rivals in the electric car race. Sales in North America and Europe were especially strong....
January 30, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...The industry association expected Tesla to record sales of about 25,000 units in China this month, a 37 per cent decline from a year earlier....
April 15, 2024
News updates from February 9: S&P 500 finishes above 5,000, Sunak notches capital gains of £1.8mn in 2023
Nissan shares tumble as China sales contract
...Retail sales in North America missed estimates by 15.1 per cent, which Goldman Sachs attributed in part to a “rapid shift” to hybrid electric vehicles....
February 9, 2024
LexTikTok Inc
TikTok’s value would be cut in a forced sale Premium content
...Valued at a Meta-like multiple of trailing sales, TikTok’s enterprise value might be close to $184bn....
March 14, 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
News updates from November 7: Portugal’s prime minister resigns, Oil price sinks to 4-month low
What to watch in Asia today
...Japan Automobile Dealers Association provides new motor vehicle sales figures for October. The Philippines issues October inflation data....
November 6, 2023
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
Live news updates from July 14: Higher rates boost JPMorgan profits, China’s central bank dismisses deflation risk
Mitsubishi to suspend China production indefinitely after struggling in EV race
...It had paused production in China from March after sales of its new Outlander flopped....
July 14, 2023
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
March 7, 2024
Apple Inc
Apple cancels secretive electric car project in shift to focus on AI
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
February 27, 2024

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