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...Elliott Management is calling for Japan’s biggest property group, Mitsui Fudosan, to launch a ¥1tn ($6.8bn) share buyback as the US activist fund targets the most prestigious end of the Tokyo stock market...
...Other industrial co-operations have worked....
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...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
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Gap with Toyota is set to widen and low-priced Chinese electric cars are a threat
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...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
EV giant has scope to sacrifice short-term profits to try to win a fierce battle for market share
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Glut of key metal for electric car batteries predicted to last until 2028
...Smelting the ore in a furnace generates huge volumes of CO₂, whereas high-pressure acid leaching generates large volumes of waste, she said....
...From inception, the investment firm had a secret weapon: the Wallenberg family, a low-key Swedish industrial powerhouse that owns large stakes in companies ranging from AstraZeneca to Siemens....
...While Tesla sales growth has been driven by its Model 3 and Model Y cars, the group is not expected to release its next mass-market vehicle until late in 2025....
...Earlier this month the company announced a new chief executive, Andrew Silvernail, would join the group in May from an advisory role at private equity group KKR....
...Workers at Tata Steel’s operations in south Wales have voted for strike action for the first time in 40 years in response to the Indian group’s plans to close the last two remaining blast furnaces....
...Volvo, which owns 48 per cent of Polestar, will consider offloading its shares in the company to Geely, it said on Thursday, which would make the group a significant shareholder in Polestar....
It could take years for the company to find its way back to its engineering roots
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...For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth. In Asia, the trend is even more pronounced....
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