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Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...Indian steelmaker JSW last month launched a $1.5bn tie-up with China’s SAIC Motor to build and sell EVs in India....
April 3, 2024
Clayton Dubilier & Rice Inc
US buyout firm CD&R hires former Tesco chief Dave Lewis
...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....
January 15, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
Chinese EV giant is widening its range by price point and fuel type
March 5, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...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....
April 15, 2024
Special ReportThe Business of Formula One
After years in the pits, F1 goes up a gear in the US market
Motor racing expands its audience in America on the back of Netflix docu-series and successful races in Miami, Austin and Las Vegas
November 24, 2023
Tesla Inc
Tesla to cut 10% of global workforce
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
April 15, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Special ReportNorth America Innovative Lawyers
Standout examples of in-house lawyers’ work
Case studies in best practice among general counsel and company legal teams in North America
December 5, 2023
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
March 7, 2024
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway pares its stake in Apple
...That was down from 49 12 months earlier, as it exited stakes in companies including General Motors, UPS and Procter & Gamble earlier in the year....
February 14, 2024
Electric vehicles
‘The early adopters have adopted’: US carmakers slow their EV growth plans
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
October 28, 2023
Scoreboard
Is Netflix limbering up for live sport? Premium content
...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....
January 27, 2024
Apple Inc
Apple cancels secretive electric car project in shift to focus on AI
...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...
February 27, 2024
Special ReportNorth America Innovative Lawyers
In-house lawyers pick up pace on generative AI and supply chains
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
December 5, 2023
Lex PopuliPersonal Finance
Stock splits: slicing the burrito
...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....
April 5, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...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...
April 2, 2024
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Berkshire Hathaway Inc
Warren Buffett’s Berkshire Hathaway cashes in on blue-chip US stocks
...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...
November 15, 2023
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...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....
March 10, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
February 21, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
February 28, 2024
Tech start-ups
Toyota home ground becomes base for drone and space start-ups
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
February 13, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
March 20, 2024
Electric vehicles
Sales of electric vehicles in the US are accelerating
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
July 8, 2023
LexBird Rides Inc
E-scooters: wheels come off start-up with Bird-brained business plan Premium content
...Apollo and Bird’s second-lien lenders have agreed to provide $25mn in financing to keep the motor running while it restructures in court....
December 20, 2023
Mergers & Acquisitions
CD&R’s Morrisons sells petrol forecourts to sister company MFG for £2.5bn
...Private-equity owned UK supermarket chain Wm Morrison has agreed a £2.5bn deal to sell its petrol forecourt business to sister company Motor Fuel Group, in a move that will help Morrisons shore up its balance...
January 30, 2024
#techAsia
Asians woo Tesla, Taiwan’s Kinsus mulls Malaysia substrate play Premium content
...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...
January 18, 2024

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