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...It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron. CD&R has explored the possibility of selling MFG....
...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....
...“For each of [the networks’ sports divisions] the pay-TV bundle was a vital part of our business,” said one person involved in the new business....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...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....
...crisis affected consumption and distributors ended up with large stocks,” said Kunze-Concewitz....
...Coverage on Aim increased over the same period, in part because of the requirement to have a nominated adviser or nomad....
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...The company disclosed it had sold off its remaining position in carmaker General Motors during the three months to the end of September, an investment that was worth roughly $850mn in the previous quarter...
...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....
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...On Thursday, GM said that its business would be “all-electric” in the region in future, with any “niche demand” for older models to be met by “independent distributors”....
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
...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...
...United Auto Workers union is making unusually public efforts to unionise workers at 13 carmakers that have non-union plants, including Tesla, after it wrested sizeable pay rises and concessions from General Motors...
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
...Utilities have long been dependable motors of Warren Buffett’s Berkshire Hathaway conglomerate, turning out steady profits at rates of return approved by regulators....
...with the biggest money-spinner models from Ford, General Motors and Stellantis....
...An escalating strike against Tesla by a group of Swedish unions has been branded “insane” by Elon Musk as the industrial action threatens to disrupt the US carmaker’s operations in other parts of Europe....
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...Additional reporting by Dylan Loh A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
...India’s high tariffs on motor vehicles, meant to boost local production, have been a lingering issue for foreign carmakers, and the UK is pressing it to cut car tariffs as part of the two countries’ talks...
...Tesla, General Motors and Ford have slowed down their EV factory expansions in expectation of weaker demand for cars owing to higher financing costs and weaker than expected economic growth in China and...
...Replacing the graphite that is used in current anodes would help double the battery’s range, in part because it would be lighter....
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