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...The shift is the latest overhaul in a car-selling market that is in flux....
...Earlier this month Elon Musk posted a video of its Optimus models walking gingerly through a plant, and all carrying out some simple functions such as folding at a table....
...The tariff cut was a concession Tesla had been pushing for as a precondition for investing....
...“Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth,” said IEA executive director Fatih Birol....
...In 2021, Cook called autonomy “a core technology, in my view”, adding: “If you sort of step back, the car, in a lot of ways, is a robot. An autonomous car is a robot....
...But the Japanese company’s hybrid models have been a massive success, so it seems like Toyota was right. Well, at least for now. Peter Campbell is the FT’s global motor industry correspondent....
...Tesla will become a large-scale manufacturer, or a smaller provider of autonomous technology....
...BYD’s European boss Michael Shu told the Financial Times last month that local subsidies were less important than “technology” and “efficiency” in making its vehicles cheaper....
...The company also owes money to several other Arrival entities, including a £1.1mn debt to a subsidiary in Mauritius....
...“Our success is not because of the subsidy, it’s because we have unique technology . . . and our management efficiency is high,” said Michael Shu, European president of BYD, one of China’s leading carmakers...
...peter.campbell@ft.com Letter in response to this column:The consumer will never forgive VW for poor engineering / From Brían MacManus, Dublin, Ireland...
...But if they sell a better car that also undercuts the west, it’s impossible to catch up. peter.campbell@ft.com...
...a record due to a backlog of orders....
...for the troubled carmaker for more than a year....
...BYD, which also sells plug-in hybrid vehicles that use a battery and a traditional engine, overtook Tesla in EV sales during the final quarter of 2023. Read more here...
...Butterworth added: “Overall incentives by country are having a huge effect in terms of consumers being willing to buy.”...
...In Tuscaloosa, the allure of working at Mercedes has faded in recent years as annual pay rises fell behind inflation and the plant hired more staff on temporary contracts, said Michael Innis-Jiménez, a professor...
...“The demand is increasing . . . our Google searches have overtaken Tesla . . . we are going to achieve a lot of things in the European market,” said Michael Shu, managing director of BYD Europe....
...The pricing strategy has hit Tesla’s residual values, the projected value of a vehicle at the end of a lease and a key input into the cost of leasing....
...A picture caption in this article has been updated to say that one of the images is the interior of a Rolls-Royce Phantom, rather than a Bentley...
...As spring swells, so too do publishers’ fiction lists, and among them this year is Andrew O’Hagan’s bravura piece of storytelling, Caledonian Road (Faber & Faber, 22 hrs, 51 mins), read by actor Michael...
...A fire alarm sounds one day in a contemporary Japanese apartment block....
...“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...
...“Notwithstanding these communications, redomestication is a board decision, not a decision for a chief executive officer,” it said....
...Duty is charged at 52.95p a litre, a level that was cut by 5p in 2022 by then-chancellor Rishi Sunak because of rising prices following Russia’s invasion of Ukraine....
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