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...The alliance also includes smaller partner Mitsubishi Motors....
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...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....
...Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue....
...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....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...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....
...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....
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...America....
...Citi, JPMorgan and Bank of America have all gotten in....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...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....
...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....
...With the IRA offering tax credits to purchasers of EVs assembled in North America, Hyundai is building a $7.6bn plant in Georgia, the largest investment of any carmaker in a new US electric vehicle factory...
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...regions in 2025 and the development of a pressurised rover by Toyota Motor and Mitsubishi Heavy Industries for use by astronauts on the Moon....
...Equinor Q4, Fox Corp Q2, Handelsbanken FY, Hilton Worldwide Holdings Q4, Mattel Q4, News Corp Q2, The New York Times Company Q4, Nippon Steel Q3, Ørsted FY, Pandora Q4, Securitas FY, Smurfit Kappa FY, Suzuki Motor...
...That dwarfs its second-largest publicly traded investment: Bank of America....
...Legal hammer Oil supermajor ExxonMobil’s case against two climate activist groups has grabbed the attention of corporate America, the FT reports....
...It cites examples of Kassan using the fund to pay for an apartment for his personal driver, and allowing his wife to have a company credit card “so she could shop for extravagant luxury goods”....
...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...
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...“There is something different about this moment,” says Damon Hart, chief legal officer at Boston-based insurer Liberty Mutual, winner of the 2023 FT innovative in-house legal team award for North America...
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