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...The company, formerly the automotive division of GKN, specialises in making side-shafts that fit into both electric and engine-powered cars, giving it around six months of visibility of supply across all...
...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....
...“We have addressed that, and will be coming out with a couple of plug-in hybrids before we launch a full [battery electric car],” he said, adding the company would have a “full complement” of engine, hybrid...
...General Motors and Tesla have paused some of their EV expansion plans....
...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....
...There are “over 200 companies globally working on [electric and self-driving] technology, and over 20 carmakers already selling more than 10,000 EVs per year, while Apple was still in the testing phase”,...
...More on the car industry: Aston Martin, the British luxury-car maker, has delayed the launch of its first electric vehicle, the company confirmed today....
...Tavares raised doubts over the Fiat factory in Turin, home to the company’s founding Agnelli family, and a plant near Naples if Giorgia Meloni’s government refused to further subsidise electric vehicles....
...Companies that cannot respond to the changes will be wiped out,” said Honda’s president Toshihiro Mibe....
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
...Nikola will not support a slate of board nominees proposed by its founder Trevor Milton, putting a dent in his plan to regain influence over the troubled electric truck start-up after he was convicted of...
...The company’s UK operations have been losing about £1.5mn a day. T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
...Executives from India’s Tata Steel, including chief executive T V Narendran, have flown in for the talks with union leaders in London to discuss plans for the future of the company’s UK operations, which...
...First, they decided that the century-old company would reposition itself as a forward-looking “mobility” group that would stand out in a crowded field with a fleet heavy on Tesla’s electric vehicles....
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...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...
...T V Narendran, the Tata Steel chief executive, said last week he did not rule out such a plant, if conditions were right....
...Deputy director-general of the commission’s trade department, Maria Martin-Prat, responded: “What is good for consumers in the long term is fair competition.”...
...The company has a target for 20 per cent of its Brazilian sales to be fully electric models by 2030, with the remainder a mix of traditional internal combustion engines and hybrids....
...“The percentage of EVs that we’re leasing has gone up dramatically,” said Bill Stephens, general manager of Norm Reeves Hyundai Superstore in California....
...metal to General Motors....
...global dominance and challenging storied incumbents such as General Motors, Ford and Volkswagen....
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