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...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...The group is also building a plant in Mexico that is expected to come online in 2026....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...Capital Group has tapped Mike Gitlin, its head of fixed income, to become its next chief executive, as the world’s largest active asset manager continues expanding beyond its roots in US equity funds....
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...Mike Ashley, the former chief executive and current controlling shareholder of Frasers Group, is a prolific trader in more ways than one....
...The Alliance for Automotive Innovation, a trade group, said that carmakers were “committed to the EV transition”, but that slowing the pace of EV adoption between 2027 and 2030 was “the right call” and presented...
...Lotus commercial head Mike Johnstone said investors were interested in the company’s “history and heritage”, which stemmed from motor racing....
...In another boost for the legislation, Republican House Speaker Mike Johnson said it was another important bill to “take on China”....
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...Cooling demand “poses a unique challenge for Tesla as it is seeing the greater slowdown is in its home (and largest) market, the US,” said Mike Tyndall, an analyst at HSBC....
...Republican House Speaker Mike Johnson has also said he backs the measure....
...US group Lithia, which already has 50 UK sites, will buy the showrooms, Pendragon said on Monday....
...Mike Hawes, boss of the Society of Motor Manufacturers and Traders, said the decision was “especially disappointing and sends a signal that the UK’s world-class automotive products are not welcome in Canada...
...In January, Republican lawmakers grilled TikTok chief executive Shou Zi Chew over whether the group has ties to China, which he denied....
...“The FAA is requiring immediate inspections of certain Boeing 737 MAX 9 planes before they can return to flight,” FAA Administrator Mike Whitaker said....
...Two years later it named Mike Delaney, a vice-president overseeing the digital transformation of Boeing’s production lines, to the newly created role of chief safety officer....
...Renesas, a key supplier of chips to the automotive industry, has been on a deal spree as it looks to diversify, which included adding the Apple supplier Dialog to its stable....
...“Those global corporates already proved that even the biggest automotive [manufacturers] today have to purchase China’s solutions in order to save time as well as get a lot more competitive products,” Li...
...In the memorable phrase of the former vice-president, Mike Pence, TikTok is “digital fentanyl”....
...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....
...Boeing created a product and services safety group, also reporting to the chief engineer....
...Mike Ashley gets Hwanged At first glance, Mike Ashley and Bill Hwang don’t appear to have much in common....
...Prime Minister Rishi Sunak said the investment was “a massive vote of confidence in the UK’s automotive industry”. Nissan’s factory is the largest car plant in the UK....
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