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New owner of UK dealerships will close marketplace for second-hand cars following pandemic-era slump in supply
Circuit hopes to attract high-end carmaker as Formula One valuations soar
...When brought back to the subject of automobiles, Musk wouldn’t be drawn on Tesla’s plans for new models or what specifically was meant by the reference in the results statement to a “more affordable” vehicle...
British carmaker reports £138.8mn pre-tax loss as it wrestles with debt
US labour unions are using a German supply chain regulation to take on Mercedes
Industry faces headwinds including price wars and higher interest rates that have put off consumers
Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxis
And does leadership diversity boost margins?
Elon Musk sends confusing message on earnings call
Sustained fall would raise questions over future ability of ambitious Chinese automaker to tap public markets
European carmakers should use this market slowdown to play catch-up with Chinese rivals
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cut
PE plays growing role in the green transition but continues to invest in fossil fuels
EV maker’s chief executive held talks with Chinese premier and secured key approval for data use
Shares drop after car sales slip in first quarter
Swedish carmaker looking to sell stake in spun-out group to its Chinese parent Geely
Bad driving is probably playing a bigger role in the fatality rate than larger cars and longer journeys
Pedal to the metal, balls to the wall, margins to the floor
Carlos Tavares says Britain’s quota regime could bankrupt carmakers
Three takeaways from a bullish IEA forecast on the state of electric cars and batteries
Energy watchdog’s forecast runs counter to sentiment among many carmakers struggling to sell battery-run vehicles
Doubts over the credibility of economic and corporate statistics
Chinese group’s biggest advantage is its stronghold in country’s smartphone and home appliances market
Carlos Tavares’s controversial remuneration deal of €36.5mn was rejected by almost 30% of shareholders
Deal with Group 1 Automotive is the latest in consolidation wave hitting car retail sector
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