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...The uptick in wealthy citizens has been driven in part by a booming industry for semiconductors, a sector dominated by Taiwan....
...A large part of the total is driven by GM’s $26.3bn share buyback programme, which the company ran largely from 2012 to 2017 as it blossomed in the years following bankruptcy....
...Workers at a Mercedes-Benz factory in Alabama have called for a vote to join the United Auto Workers union, part of a wider campaign to unionise foreign-owned auto plants that has also targeted Toyota and...
...Figures from INA, Mexico’s trade body for auto parts suppliers, show that 33 Chinese-owned companies with Mexican operations sent $1.1bn worth of parts to the US in 2023, up from $711mn in 2021....
...Last month, a union drive was announced at the Toyota plant in Troy, Missouri, where roughly 850 hourly employees turn out cylinder heads, an engine part that supplies the company’s nine North American car...
...This is a lesson learnt from the UK which, for years, struggled to attract auto investors after losing many of its parts suppliers to lower-cost regions. Some of the largest US names are adapting....
...Its total battery factory capacity jumped to about 381GWh last year, from 245GWh in 2022....
...from companies such as LKQ to supply their network of collision repair shops....
...Data group Cox Automotive found that car dealers only have a 20-day supply of GM’s Chevrolet Colorado midsize truck, down from 35 days last month, while the supply of GM’s GMC Canyon midsize truck has shrunk...
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...The Chinese market accounted for more than 90 per cent of BYD’s total sales....
...“And I think part of the way to solve it is to put due attention on those non-banks.” Recently, a number of banks have sought closer ties to non-bank lenders....
...Albert Bridge Capital holds shares in Porsche SE, which is part owner of Volkswagen....
...“Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain,” Goyal said on social media....
...Oil will be part of our lives for decades to come. But its value to the consumer has already topped out. Consider the long-term trend for oil prices....
...But a steadier auto market has proved a tricky road to handle for the pair. Hertz can be considered, at least in part, a highly leveraged bet on used-car prices....
...Charged-up strategy China’s battery and carmakers have united as part of a government-led drive to build a supply chain for solid-state batteries by 2030, writes Nikkei’s Shunsuke Tabeta....
...A price war is especially detrimental for BYD given its relatively high proportion of smaller cars, like its $11,000 compact EV Seagull model, of its total sales....
..., will fill Zepbound injector pens at its Cincinnati plant, which will have a total capacity of 200mn doses a year by 2025....
...Autos are just one part of a wider industrial framework within which, for decades, developed economies have relied on China as an inexpensive and collaborative manufacturing hub....
...Nusrat Ghani, industry and economic security minister, welcomed the announcement: “This is a further vote of confidence in the UK economy and exciting news that shows our plan for the auto industry is working...
...This had the effect of pushing up rates in container markets that have been under pressure from the amount of new supply entering the market....
...A total of 65 per cent of those who voted in a local referendum in Grünheide expressed opposition to Tesla’s plan, which involves the clearing of 100 hectares of forest to make way for a railway station,...
...Not only does it have a competitive cluster of auto suppliers and OEMs (original equipment manufacturers), he notes, but it is also producing a steady stream of homegrown engineers, with 3,500 working in...
...Most importantly, sectoral shifts and supply shocks have settled down....
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