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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....
...U-Power last month signed a deal to supply New York-based EV start-up Olympian Motors with its skateboards....
...Despite Flutter touting its superior technology, competitors are quick to copy once a new product proves successful, points out Peel Hunt’s Ivor Jones....
...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....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Coverage on Aim increased over the same period, in part because of the requirement to have a nominated adviser or nomad....
...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....
...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....
...But the machines made by the Dutch tech company are also the most expensive part of the manufacturing process, costing more than $150mn each, and there are long lead times for delivery, giving Canon some...
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...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....
...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....
...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...
...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...
...For its part, Endeavor says it will not consider the sale of its 51 per cent interest in TKO....
...Rivals say their Citi counterparts seem distracted, and morale in some parts of the bank is described as “terrible”....
...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....
...with the biggest money-spinner models from Ford, General Motors and Stellantis....
...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....
...The first, initially recommended by the board, was from $8bn market value Lithia Motors....
...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...
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