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...Modi has earmarked billions of dollars’ worth of government subsidies to promote manufacturing, including in critical industries such as EVs, where India’s geopolitical rival China has a strong lead....
...The Biden administration’s plan to rely on domestic manufacturing and supplies from allied nations such as Japan will “probably not be enough” to meet US climate goals, a senior executive at Mitsubishi Heavy...
...German companies announced 185 capital projects in the US in 2023, of which 73 were in the manufacturing sector....
...The US had only 3 per cent of the world’s packaging capability in 2021, but the Biden administration allocated $3bn of Chips Act funding in November to a National Advanced Packaging Manufacturing Program...
...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 region is capable of solid manufacturing, so solid start-ups should emerge as well.” A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...Corporate earnings: Japan’s Mitsubishi, Nintendo and Toyota Motor and China’s Semiconductor Manufacturing International Corporation report results....
...manufacturing and sourcing materials....
...The transaction is also the latest in a series of takeovers in the UK motor retail sector where consolidation has meant only Vertu and Caffyns remain....
...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....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...An independent panel revealed that Daihatsu Motor, a subsidiary of Toyota Motor, had been cheating on safety and quality tests for over 30 years, delivering a blow to the auto group’s reputation — the most...
...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....
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...F1 claims 75 per cent of its audience is under 45 and 32 per cent of its 44mn US-based fans are women — a far greater proportion than most of America’s major sports....
...The share of its revenues from the Americas has risen from less than 1 per cent in 2000 to 37 per cent last year....
...regions in 2025 and the development of a pressurised rover by Toyota Motor and Mitsubishi Heavy Industries for use by astronauts on the Moon....
...Shanghai’s state-owned carmaker SAIC Motor, for example, had its 15 per cent tax rate for being a “high-tech enterprise” renewed four times since 2008....
...That dwarfs its second-largest publicly traded investment: Bank of America....
...General Motors scaled back plans for its self-driving Cruise unit last year following an accident while testing on public roads, while Ford pulled out of the technology altogether to focus on driver-assistance...
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