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...India has been much slower to build and adopt EVs and charging infrastructure than China, whose top producer BYD is Tesla’s closest rival in terms of global sales....
...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....
...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....
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
...Total sales of “eco-friendly vehicles” for the year were 695,000, ahead of the 507,000 units sold in 2022....
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
...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....
...In Japan, hybrids accounted for 55 per cent of total sales of standard-sized passenger cars last year....
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
...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....
...That dwarfs its second-largest publicly traded investment: Bank of America....
...The joint venture, known as GAC Mitsubishi Motors, saw its sales peak at 144,000 units in 2018 and fall to 33,600 units last year....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Those include brand damage from a series of testing scandals and the fact it has fallen behind rivals in the electric car race. Sales in North America and Europe were especially strong....
...One we missed: The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources, by Javier Blas and Jack Farchy....
...Valued at a Meta-like multiple of trailing sales, TikTok’s enterprise value might be close to $184bn....
...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....
...The industry association expected Tesla to record sales of about 25,000 units in China this month, a 37 per cent decline from a year earlier....
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
...Signs of distress and dislocation abound in the New York City office market, the world’s largest, where Stacom bagged many of her biggest deals, including the $2.8bn sale of the General Motors Building in...
...Japan Automobile Dealers Association provides new motor vehicle sales figures for October. The Philippines issues October inflation data....
...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....
...It had paused production in China from March after sales of its new Outlander flopped....
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