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...Stellantis doubled in size after the merger with PSA and changed its CEO, with Peugeot’s Carlos Tavares leading the new business and replacing Fiat Chrysler’s Mike Manley....
...I mean, I think it will be a big issue in this campaign,” said Mike Sommers, API’s chief executive....
...All remain deeply under water.The fall, if sustained, deals a hammer blow to one of China’s most ambitious auto groups, and raises questions over its future ability to tap public markets to raise funding...
...“There are clear signs of carmakers pushing EVs”, said Mike Tyndall, autos analyst at HSBC. “This was almost unthinkable at the start of the year.”...
...“I think she had a strong group of donors, but I think she’s getting a second look now,” said Barbara Comstock, the former Republican congresswoman from Virginia....
...In 2022, Scalise’s campaign gave $15mn to the NRCC, the official group working to elect House Republicans, while Jordan’s campaign gave $1mn. Other Scalise-affiliated groups donated millions more....
...Separate filings show the asset manager also sold 6 per cent of auto dealership Pendragon last week, reducing its stake to 4 per cent, as well as 2 per cent of The Restaurant Group....
...The United Auto Workers and Ford reached a tentative deal last night that would raise union members’ wages 25 per cent over a four-year agreement....
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...Competitors have echoed that concern, with Mike Parra, chief executive of DHL’s Americas business, saying that other parcel delivery services would not be able to pick up the slack....
...The extension of the discount was welcomed by motoring groups....
...JLR is the largest employer in the UK auto sector, and Tata is examining a partnership with Chinese battery maker Envision that would involve the Asian group building and running a factory in Somerset....
...And as Mike Barrett of consultants the Lang Cat points out: “Advisers are not paid to deliver social policy. They are running businesses.”...
...“On a good day, the DoD operates like Detroit”, the midwest city that never recovered from the decline of auto-making. “It’s not a fair fight.”...
...At BHP, copper, nickel and potash are being emphasised because they will ride the world’s emerging megatrends, the group’s chief executive Mike Henry told us....
...The industry “needs swift and decisive action that addresses the immediate challenges and gives us a fighting chance of winning the global competition”, said SMMT chief executive Mike Hawes....
...Lex calculations show that Bailey sits towards the top of his peer group....
...“We can’t just accept a laissez-faire approach” from the UK compared to others, says Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, which represents the UK auto industry....
...That makes a shift in the UK pension industry’s risk culture crucial, according to Michael Eakins, chief investment officer of savings and insurance group Phoenix Group....
...The trade group branded the sales “massively disappointing” for the industry, which has been hit by supply chain woes since the pandemic began, including the global shortage of chips and more recent problems...
...“Addressing the UK’s high energy costs is the industry’s number one ask,” said Mike Hawes, chief executive of the SMMT....
...According to the Alliance for Automotive Innovation, a manufacturer group, 72 EVs are available for sale in the US....
...There is “just this huge gap between those who can afford an electric car and those who can’t”, said Meryem Brassington from Lloyds Banking Group, the UK’s largest auto lender....
...Darktrace, which specialises in artificial intelligence-based software to protect companies from cyber attacks, has been one of the UK’s more polarising companies because of its ties to Mike Lynch, the British...
...“The cost of energy in the UK is 59 per cent higher than the EU average,” said Mike Hawes, boss of UK auto trade group SMMT....
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