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...The company said it was “co-operating with the European Commission and is committed to defending its reputation as a fully independent and self-supporting economic operator”....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...But manufacturers are still forced to meet tightening CO₂ emissions targets in Europe, as well as electric vehicle sales quotas in the UK....
...In the US and other markets, EV demand is slowing, with fierce competition leading to price wars in countries including China and Thailand....
...“The reality is the Chinese are able to bring in vehicles at very, very competitive prices,” he said....
...Now, it’s true that Toyota’s share price has risen along with hopes that it can crack the technology....
...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....
...Will a Chinese branded car with a starting price of $230,000 become a more common sight in the future?...
...Leasing gives customers new to the brands a sense of security, and with prices starting at just over $40,000, they are among the least expensive EVs, which typically cost more than petrol-powered cars and...
...Belgian insurer Ageas, meanwhile, ditched its interest in motor insurer Direct Line in March after its £3.1bn bid was turned down....
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Taxpayers are going to pay the price, The Atlantic writes....
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...The manufacturing subsidies the carmaker receives from China are “very limited”, Shu told the Financial Times in an interview at the Geneva Motor Show....
...The firm then helped shepherd the emergency bankruptcy filing and the bringing onboard of Ray....
...“Prices in China are very low, so [Europe] is paradise for them.”...
...Cooling on components Japanese motor giant Nidec has invested heavily in the EV parts business for years, but with a price war in China battering margins, the company is changing tack, writes Nikkei’s Yuji...
...Despite the price performances of the listed shares, people close to Geely dismiss the price moves as short-term blips....
...The company gave no further details but added it was also co-operating with the SEC. Luthar replaced ADM’s longstanding finance chief Ray Young in early 2022....
...That means fiscal policy, financial stability and supply-side measures need more prominence in the price stability debate. Better policy co-ordination may be necessary....
...The most severe form of MLD causes children in late infancy to lose all motor function and deteriorate to a vegetative state, eventually requiring round-the-clock intensive care....
...“Korea lacks auto software engineers and Hyundai is weak in that field, so it is expanding co-operation with foreign tech companies....
...Q3, Panasonic Q3, Tata Motors Q3, YouGov HY World events Finally, here is a rundown of other events and milestones this week....
...In a chilly hangar in Northern Ireland, Ulster Aviation Society co-founder Ray Burrows surveys painstakingly restored aircraft including a sleek black Sherpa jet, a boxy Short 330 and a Canberra spy plane...
...“Such an outcome will present another wrinkle for the ongoing disinflation as it would halt the recent streak of soft readings in the [consumer price index] component for motor vehicles,” said economists...
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