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Semiconductors
SK Hynix to build advanced plant in Indiana in boost to US chip self-sufficiency
...South Korean chipmaker SK Hynix has chosen the state of Indiana for a cutting-edge facility in the US that will give a major boost to the Biden administration’s efforts to bring more of the AI chip supply...
February 1, 2024
US equities
The tiny Chinese tea seller whose shares trade more than Tesla’s
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
February 9, 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
Leo Lewis
Japan prays for a solid-state battery miracle
...The head of Lexus had promised luxury cars with a sense of smell. The president of Subaru, from a great nebula of dry ice, had unveiled a conceptual flying car which may, eventually, fly....
October 26, 2023
Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...The people with knowledge of Tesla’s plans said it would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat...
April 3, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...The takeover of Inchcape’s dealerships will give New York-listed Group 1 Automotive which has outlets in London, sites in the northern part of the UK....
April 15, 2024
Special ReportInvesting in America
Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?
...Ann Lathrop, chief strategy officer for the Indiana Economic Development Corporation, says she and Governor Eric Holcomb recently visited Japan to meet executives at Subaru, Toyota and Honda, which all have...
October 26, 2023
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
LexTesla Inc
Robotaxis are not the solution to Tesla’s problems Premium content
...Look at the company’s spending decisions and it seems as if everything is targeted towards addressing the 13 per cent drop in automotive revenues....
April 23, 2024
Japanese business & finance
Japanese brokers highlight ‘Trump trades’ for stocks
...It includes the carmaker Subaru, soy sauce maker Kikkoman, construction machinery giant Komatsu and Toyo Suisan, a producer of cheap ramen noodles that have become a huge hit in the US as inflation bites...
February 21, 2024
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...Japan’s Subaru on Wednesday announced it will raise wages at its Indiana plant in January, which it said will be its seventh pay increase since 2019....
November 22, 2023
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Rivian reported a net loss of $5.4bn in 2023, improving from a $6.8bn loss a year earlier. It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of 2022....
February 21, 2024
Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...Excluding the effects of regulatory credits, the gross margin from its automotive unit — a closely watched measure of its core operations — fell to 16.4 per cent for the quarter, down from 19 per cent a...
April 24, 2024
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
Synopsys Inc
Synopsys to buy Ansys in $35bn design software deal
...Ansys, which has headquarters in Pennsylvania and has its origins in structural analysis tools, makes engineering simulation software used in industries from automotive and construction to healthcare and...
January 16, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...Apple had been betting on that future, with one of the few elements of the company’s automotive project that it had publicly acknowledged being its attempts to master self-driving technology....
February 28, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Daniel Kollar, an automotive expert at consultancy Intralink, said Tesla’s China performance had remained strong but the company faced challenges from local competition, a renaissance of hybrid cars and...
March 10, 2024
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
Mergers & Acquisitions
Bid for US Steel promises national security through consolidation
...While many steel products are now made using the newer technology of scrap-fed electric arc furnaces, blast furnaces like the ones at the two plants in Indiana remain critical for automotive products — which...
August 18, 2023
Berkshire Hathaway Inc
Berkshire Hathaway settles dispute over value of Pilot Travel Centers
...The acquisition by Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly...
January 8, 2024
Inside BusinessRichard Waters
Apple’s slow-burn approach to products
...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
January 25, 2024
Pendragon PLC
Pendragon to sell UK car dealerships to US group Lithia in £280mn deal
...Pendragon, one of the UK’s largest automotive retailers, is to sell all of its car dealerships for £280mn and focus on software, ending a tumultuous period in which the company’s attempts to sell itself...
September 18, 2023
ReviewTelevision
All the Light We Cannot See — trite second-world-war saga on Netflix
...Things such as Indiana Jones and the Last Crusade, which likewise features Nazis hunting down a mythic, life-giving relic but without the crushing earnestness and emotional manipulation....
October 30, 2023
Tesla Inc
Tesla shares drop 12% after sales growth warning
...Excluding the effects of regulatory credits, the gross margin from Tesla’s automotive unit — a closely watched measure of its core operations — increased to 17.2 per cent for the quarter, slightly ahead...
January 25, 2024
News in-depthIcahn Enterprises LP
The heartland oil refiner fuelling Carl Icahn’s empire
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
February 28, 2024
Electric vehicles
‘The early adopters have adopted’: US carmakers slow their EV growth plans
...by Cox Automotive....
October 28, 2023
Moral Money
Electric vehicle uptake faces major obstacles, despite rosy projections Premium content
...billions of dollars of lost earnings....
September 15, 2023
LG Energy Solution
EV battery maker echoes Musk warning that high rates will hit sales
...“The company is facing tougher competition in the US and Europe as more automakers opt for cheaper LFP [lithium iron phosphate] batteries,” said Lee from the automotive institute....
October 25, 2023

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