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...MHI operates 12 factories in North America that make products including gas equipment. It recently signed a deal with ExxonMobil to supply the oil major’s customers with carbon capture technology....
...The alliance also includes smaller partner Mitsubishi Motors....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...The company aims to grow overall sales in North America, already its largest market, by 4.9 per cent in 2024 to reach 1.1mn units. Shares in Hyundai rose 1.8 per cent during trading on Thursday....
...Other earnings: General Motors, Pfizer, and UPS will report their latest earnings before the market opens. Starbucks, Mondelez, AMD and Match Group will post results after the closing bell....
...metal to General Motors....
...Tesla shareholders were even more carried away, adding $46bn to the EV maker’s market cap — more than General Motors was then worth — when it announced a stock split in August 2020....
...Commercial electric vehicles do not need to be assembled in North America or have a certain percentage of their parts from there to receive the full tax credit. The practice has critics....
...Combined with secular investments, they provide a consistent motor that can generate attractive returns over time....
...America....
...GM: General Motors chief executive Mary Barra and chief financial officer Paul Jacobson will deliver a business update to analysts after the company releases new financial materials....
...The FT visited Detroit this week to take the pulse of the Motor City — stay tuned for our report later this weekend. The history of the Lions overlaps with the history of Detroit itself....
...in states such as Texas, Florida and North Carolina....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...“Electric [driving] was something which we saw as a very solid, very clear trend, and we needed to take advantage,” said José Muñoz, Hyundai’s chief operating officer and head of the business in North America...
...Sales in North America and Europe were especially strong....
...“Some models have been delayed, largely out of North America, which is pushing out the length of time of penetration [of EVs] in the US,” said Norris, adding that “potentially in parts of Europe” the shift...
...Stellantis, which already manufactures EVs in Europe and North America, aims to produce fully electric vehicles as soon as 2026 in South America, said Tavares, adding it would depend on bringing down costs...
...We are pleased to reveal the winners of the FT Innovative Lawyers North America Awards 2023, celebrating innovation in the legal industry....
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...That goal should take shape in Bartow County, north-west of Atlanta, where Hyundai Motor Group and SK On plan to spend more than $5bn building an electric vehicle battery plant....
...London Fashion Week follows next Saturday Lunar new year, the year of the dragon, celebrated across different Asian countries, including China, South Korea, North Korea, Singapore and Cambodia, In Thailand...
...Other earnings: Coca-Cola, Verizon, General Electric, RTX, 3M, General Motors, Kimberly-Clark, Spotify and Halliburton will report before the bell....
...Retail sales in North America missed estimates by 15.1 per cent, which Goldman Sachs attributed in part to a “rapid shift” to hybrid electric vehicles....
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