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Related Special Reports
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...That puts BYD in direct competition with gasoline cars....
...Apple’s release this month of its Vision Pro, a “mixed-reality” headset, is another bet on future revenue streams....
...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....
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...Tesla still makes more than 80 per cent of its revenue from selling cars....
...Toyoda, who stepped down as president and chief executive last year, told journalists in Nagoya that he wanted to recreate a vision for the group companies....
...Unlike legacy carmakers, Tesla is particularly exposed to the slowdown in battery-powered cars given it exclusively makes EVs....
...For better or worse, the Vision Pro’s time has come....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...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....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Autonomous vehicle safety has been in the spotlight since early October, when a robotaxi operated by Cruise, the General Motors driverless car division, collided with a pedestrian and then dragged the person...
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...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...
...But the rise of autonomous cars will spur further demand for in-car diversions ranging from films to karaoke....
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...But with the end of the car project and a slow start for its Vision Pro headset, attention has shifted squarely back to handsets. For Apple shareholders, this will in many ways be welcome news....
...Cook spent Wednesday meeting Apple’s Chinese suppliers, including the head of electric-car maker BYD and executives from Lens Technology and Changying Precision Technology....
...This week the Italian car brand announced it will design yachts that can compete in international sailing competitions....
...The deal also marks the latest departure of a car dealer from London’s stock market....
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