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Taiwan
Taiwanese groups consider overseas headquarters to hedge against Chinese attack
...several people involved in the deliberations, companies exploring options for a second headquarters abroad include Lite-On and Qisda, which make electronic components and devices for consumer, telecoms, automotive...
April 9, 2024
Blackstone Group LP
Blackstone nears deal to buy former Britishvolt site in northern England
...Blackstone acquired US data centre group QTS for $10bn in 2021, which would manage the project. Rival Brookfield has also invested heavily in these high-tech facilities....
April 15, 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
Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...The group is also building a plant in Mexico that is expected to come online in 2026....
April 3, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
April 15, 2024
Arm Ltd
Arm unveils first chip design to power self-driving cars
...“The automotive market . . . is going through one of the most significant transformations since the invention of the combustion engine,” said Dipti Vachani, who leads Arm’s automotive business....
March 13, 2024
LexArtificial intelligence
China’s search for an answer to ChatGPT is just beginning Premium content
...SenseTime has the biggest market share of in-automotive image recognition systems in China....
April 24, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Pendragon PLC
Pendragon to sell UK car dealerships to US group Lithia in £280mn deal
...US group Lithia, which already has 50 UK sites, will buy the showrooms, Pendragon said on Monday....
September 18, 2023
EU-China relations
EU companies warn China on EV overcapacity
...Analysts estimate the country’s automotive industry is already suffering from output that far outstrips demand....
September 19, 2023
Aston Martin
Aston Martin appoints Bentley’s Adrian Hallmark as chief executive
...Audi oversees Bentley within the VW group....
March 22, 2024
South Korean business & finance
Luxury car sales plunge as buyers put off by Seoul’s neon licence plates
...The new rule is causing a headache for them as there is no effective way to revive sales here,” said Lee Hang-koo at the Jeonbuk Institute of Automotive Convergence Technology, a South Korean research group...
April 19, 2024
Anglo American PLC
Anglo American Platinum to cut jobs in South Africa as metals prices slide
...The group’s headline earnings fell to R14bn, from R48.8bn in 2022....
February 19, 2024
Electric vehicles
German car suppliers struggle to adjust to EV shift
...The combined group would be able to serve the rapidly growing EV market while providing spare parts for the hundreds of millions of combustion engine cars that are set to remain on roads for decades to come...
January 21, 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
...Hedge fund manager David Einhorn has urged Vitesco Technologies to reject a takeover bid by rival German automotive supplier Schaeffler, warning the electric vehicle specialist against merging with a company...
November 6, 2023
Inside BusinessSilvia Sciorilli Borrelli
The threat to the Italian heritage in car manufacturing
...The group has also recently released a new electric version of its historic Topolino model....
February 29, 2024
Dyson James Group Ltd
Dyson picks JLR battery expert as next chief executive
...For the past two years he has worked across JLR and its parent company Tata Group on battery technology, including overseeing the Indian group’s partnership with Chinese-owned battery maker AESC, and its...
January 16, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
News updates from January 17: US retail sales beat expectations in December, Lagarde says ECB likely to cut rates this summer
Hyundai sells off struggling China factory amid intensifying price war
...The sale price of the joint venture plant with Beijing Automotive Group was less than half the price that Hyundai had initially sought....
January 17, 2024
LexPanasonic Corp
Panasonic: betting on batteries over car displays will pay off Premium content
...The Japanese electronics group has announced plans to sell part of its automotive systems business to US private equity group Apollo Global Management....
November 17, 2023
Continental AG
German car parts supplier Continental to cut thousands of jobs
...The German group on Monday said measures designed to save €400mn annually would affect a “mid four-digit range . . . across all parts and all levels” of the 100,000 people employed by its automotive division...
November 13, 2023
Melrose Industries PLC
Melrose raises profit outlook after doubling earnings
...The higher forecast came even as the group, which spun off its automotive division last year, boosted operating profits from its continuing operations to £420mn for the year to end December 2023, up from...
March 7, 2024
Autumn Statement 2023: as it happened
Motoring groups welcome measures to speed up rollout of electric car chargers
...Motoring groups have welcomed measures to speed up the rollout of electric car chargers by easing high-speed grid connections....
November 22, 2023
FT Schools
US High School Economics class: Apple parks its electric car project in sign of EV industry’s struggles
...What was one of the few publicly acknowledged elements of Apple’s automotive project, and how did Tim Cook view this technology in 2021?...
March 13, 2024
LexElectric vehicles
China’s smartphone makers can find an edge in cars as Apple retreats Premium content
...One is its partnership with state-owned Beijing Automotive Group Co to produce the EVs, which gives it an edge in manufacturing....
March 12, 2024
News in-depthGeely Automobile Holdings Co Ltd
Geely’s funding hopes clouded by Lotus share price collapse
...In recent years, the ambitious Chinese group has listed shares in Volvo Cars, Polestar and ECARX....
March 11, 2024
Nissan Motor Co Ltd
Nissan looks for partnerships to cut electric vehicle costs
...Nissan, which has a long-standing alliance with France’s Renault and a partnership with Honda that was announced last week, has wrestled with flagging sales in China as the automotive industry struggles...
March 25, 2024
#techAsia
China’s battery strategy and disappointing Spacs Premium content
...“We need to be prepared for the risk that all solid-state battery technology could overturn” China’s advantage in automotive batteries, said a Tsinghua University professor specialising in automotive-related...
February 15, 2024

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