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News updates from March 22: Dozens dead in Moscow attack; Princess of Wales undergoing cancer treatment
Li Auto shares fall after cutting sales forecasts amid EV price war
...While Li Auto became China’s first major EV start-up to turn a profit last year, it is facing a price war and fierce competition in the world’s largest auto market....
March 22, 2024
News updates from February 27: Hungary backs Sweden’s Nato bid, FTC sues to block Kroger-Albertsons merger
China’s fierce EV price war hits forecasts at high-flyer Li Auto
...Forecast first-quarter earnings at Chinese electric-vehicle maker Li Auto have missed analysts’ estimates, as a fierce price war and intensifying competition in the world’s largest auto market threaten profitability...
February 26, 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
Insurance
Auto-insurance costs rear their ugly head yet again
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
February 13, 2024
News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
United Auto Workers endorses Joe Biden for president
...The United Auto Workers has endorsed Joe Biden for president, a boost for his 2024 campaign after the union had withheld from formally backing the US president after he joined striking autoworkers on the...
January 24, 2024
LexCobalt
Cobalt slump is an opportunity for the auto sector Premium content
...Some opportunistic buying seems to be happening in the auto sector....
March 11, 2024
LexElectric vehicles
Why an ‘Airbus of autos’ would not halt Europe’s EV collision Premium content
...Exactly what shape an “Airbus of autos” might take is unclear, but it is an intriguing concept. Stellantis, Volkswagen and Renault are reportedly at least open to the idea of working with competitors....
February 23, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News updates from November 6: Gaza death toll surpasses 10,000, Trump’s New York fraud trial starts
David Einhorn urges Vitesco to reject offer from rival German auto group Schaeffler
...The intervention will complicate plans of the billionaire Schaeffler family, which through its eponymous automotive supplier last month made an all-share offer to take over the smaller Vitesco, as it seeks...
November 6, 2023
News updates from November 27: Israel-Hamas truce extended by two days, Qatar says, Fast-fashion group Shein files confidential IPO paperwork in US
State-owned Changan Auto climbs after taking stake in Huawei smart car venture
...The company said on Sunday that it signed a memorandum with Huawei to buy a stake of up to 40 per cent in a new venture that will take over core technologies and resources from the tech group’s lossmaking...
November 27, 2023
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Auto union members ratify contracts at Ford, General Motors and Stellantis
...The formal ratification will bring relief to the automotive groups after the six-week strike cost Ford and GM $400mn and $200mn a week, respectively, hitting their earnings....
November 20, 2023
Embracer Group
Debt-strapped European games group Embracer plans 3-way split
...Wingefors is dismantling his empire just weeks after insisting that Embracer’s restructuring had ended with March’s $460mn sale of Gearbox to Take-Two, the US-based games group behind Grand Theft Auto....
April 22, 2024
Due Diligence
Is private equity’s $3tn problem starting to ease? Premium content
...Over the past three years, the group, helmed by Li Shufu, has overseen the IPO of Volvo Cars, and the de-Spac listings of EV brand Polestar and in-car tech group ECARX....
March 12, 2024
Working It
Strategies for coping with holiday email deluge
...In 2014, German carmaker Daimler introduced a function to auto-delete emails received while employees were on vacation, with a notification to the sender....
April 3, 2024
Aston Martin
Aston Martin appoints Bentley’s Adrian Hallmark as chief executive
...Audi oversees Bentley within the VW group....
March 22, 2024
News updates from November 30: US diplomat Henry Kissinger dies aged 100, US says Indian official directed foiled plot to kill Sikh separatist in New York
UAW launches drive for mass organising in US auto sector
...The United Auto Workers has unveiled plans to try to unionise almost 150,000 employees at 13 carmakers with nonunion plants in the US, aiming to seize momentum after it won significant contract concessions...
November 29, 2023
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
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...the head of auto dealership group Hendrick....
March 27, 2024
News updates from March 27: Yen hits 34-year low; Nobel winner Daniel Kahneman dies
Discover CEO leaves to lead Ally Financial as Capital One merger looms
...of auto dealership group Hendrick....
March 27, 2024
UK mis-selling
UK auto lenders could face £13bn bill after FCA probe into commissions
...British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog set out the length of a probe into historic commission agreements that allegedly led to consumers overpaying...
January 24, 2024
ReviewBiography and memoir
Change — Édouard Louis’s imitation game
...— auto-fiction....
March 8, 2024
#techAsia
AI and autos at CES, and Panasonic’s US plans Premium content
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
January 11, 2024
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...At the time, the UAW faced fierce opposition from elected officials, local business leaders and a group of anti-UAW employees funded by anti-union interest groups, said Harry Katz, a professor of collective...
April 20, 2024
LexAutomobiles
Mobileye stumble suggests auto supply chain reckoning will be costly Premium content
...The years since have involved a complex balancing act to get supply and demand aligned for components, and then the end autos themselves....
January 4, 2024
Xiaomi Corp
China’s smartphone maker Xiaomi bets on EVs even as Apple pivots
...“Xiaomi Auto is striving for the ascendancy of China’s auto industry,” Lei said....
March 29, 2024
HTSI
An auto barn for the Volvo man
...home transformation of the year at the British Homes Awards)....
December 14, 2023
Stellantis
Stellantis gives 56% pay rise to chief Carlos Tavares
...Last year, the three biggest US carmakers — Ford, General Motors and Stellantis, which owns Chrysler — suffered strikes during wage negotiations with the United Auto Workers union....
February 23, 2024

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