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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
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...This shift will have major ramifications for both the auto industry and the energy sector.”...
April 23, 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
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
March 26, 2024
Unhedged
Inflation is not going quietly Premium content
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
April 11, 2024
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
January 11, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...The lull in EV sales is having a damaging impact on the auto industry....
April 10, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Automobiles
Auto workers expand strike against Ford and GM
...Electric vehicles, considered to be the future of the auto industry, have emerged as a sticking point in negotiations with Ford....
September 29, 2023
Inside BusinessSujeet Indap
Hertz and Carvana: what their diverging fortunes tell us
...EVs were facing higher incidents of accidents and damage that were more costly to repair than expected....
November 30, 2023
Shadow banking
US lenders’ debt to shadow banks passes $1tn
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
February 10, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
April 2, 2024
Automobiles
US auto strike expands to 38 General Motors and Stellantis facilities
...The decision to hit parts centres, rather than other vehicle assembly facilities, will make it harder for GM and Stellantis to repair and service vehicles already sold to customers....
September 22, 2023
XPeng, Inc
China’s Xpeng to boost spending to survive ‘bloody sea’ of EV competition
...Earlier this month, China’s commerce ministry and eight other agencies announced plans to support the “healthy development” of the country’s overseas EV expansion, including co-operating more with foreign...
February 19, 2024
General Motors Co
GM says strike has cost $800mn as 5,000 more workers walk out
...While fewer owners were making warranty claims, “the cost for repair has gone up” because of inflation. “The earnings are strong right now,” Jacobson said....
October 24, 2023
Boeing Co
Boeing in talks to acquire fuselage supplier Spirit AeroSystems
...The door panel arrived at Boeing’s factory in Washington with damaged adjacent rivets, forcing workers to open it for repairs by a team from Spirit....
March 1, 2024
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Less than two years into entering Thailand, the region’s second-biggest auto market, BYD holds the position as the biggest EV maker and the third-largest automaker for the overall passenger car market, according...
March 5, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
The FT ViewThe editorial board
Tesla meets the European social model
...Its implications for Tesla, unions and the auto industry stretch across Europe, and back home to the US....
December 6, 2023
Elaine Moore
Chat apps have conquered office life — is that a good thing?
...The co-founders have left. Along with every other tech company, it is pinning its hopes on generative artificial intelligence....
March 15, 2024
BYD Co Ltd
China’s BYD moves closer to unseating Tesla as EV leader
...Daniel Roeska, an auto analyst with Bernstein, said that consumers had perceived a “chasm” between the industry leaders — Tesla and BYD — and the “traditional [original equipment manufacturers]” such as...
January 1, 2024
Due Diligence
Private equity takes over golf Premium content
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
February 1, 2024
Electric vehicles
Tesla rival Nio secures $2.2bn investment from Abu Dhabi fund
...The CYVN injection comes days after co-founder and president Lihong Qin said higher interest rates were making it harder to raise money....
December 18, 2023
#techAsia
Asians woo Tesla, Taiwan’s Kinsus mulls Malaysia substrate play Premium content
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
January 18, 2024
Due Diligence
How buying Teslas hurt Hertz Premium content
...Job moves Microsoft has hired Mustafa Suleyman, the co-founder of Google’s DeepMind and chief executive of artificial intelligence start-up Inflection, to run a new consumer AI unit....
March 20, 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
FirstFT
FirstFT: US investors consider their TikTok options
...At a news conference earlier today, the chief executives of the two groups said the scope of their co-operation would include software, core EV components and auto intelligence technology....
March 15, 2024
Tesla Inc
Tesla overtaken by China’s BYD as world’s biggest EV maker
...of Beijing-based advisory company Sino Auto Insights....
January 2, 2024

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