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...put your money: you can buy property and you can buy cars.”...
...With the approval of US customs authorities, the company ordered replacement electronic modules, and had already begun fixing cars, two people said....
...Aston Martin is poised to name Bentley head Adrian Hallmark as its latest chief executive, the third change of leadership at the UK luxury-car maker in the space of four years, according to two people....
From Henri Chua, London N19, UK
...Aston Martin recently pushed back plans for its first mainstream battery car to 2026....
...The company sold about 174,000 cars, trucks and SUVs last month. Sales of SUVs rose 24 per cent to nearly 69,000 vehicles sold....
...Despite cutting debt interest spending, cash outflows at the company rose to £360mn from £298mn a year earlier, because of spending on new models and delays to some of its cars....
...Last year, China produced 17.7mn cars with internal combustion engines for the local market, a 37 per cent fall from 28.3mn in 2017....
...Volvo Cars will stop funding its Polestar electric sports car brand and look at selling its shareholding to parent company Geely, as its latest results showed profits had been dragged down by the lossmaking...
...Even in the US, about half of car journeys in the busiest cities are less than three miles. Many urbanites now probably drive a car because they have a car....
...Mathias Miedreich, chief executive of Umicore, said sales of Chinese electric cars were surging in contrast to the US because of better performance and affordability....
...Apple recently abandoned plans to build its own car....
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
...Owners of cars in London which do not comply with the capital’s utra low emission zone (Ulez) standards will be able to send their cars to Ukraine from today, to support the country’s humanitarian and medical...
...What were the reasons cited by analysts at Morgan Stanley for modelling Apple’s car effort as adding “$0” towards the tech group’s value?...
...Consumers would balk at buying more expensive fully electric cars, Toyota repeatedly warned....
From John Gorman, Washington, DC, US
...Volvo Cars will cease providing funding to its lossmaking electric Polestar sub-brand, as it released figures showing that group profits fell 17 per cent last year....
...Lloyds Banking Group has set aside £450mn to cover the potential costs of a regulatory probe into whether customers were overcharged for car financing loans, which analysts have said could cost the industry...
...The company said on Tuesday that it was “committed” to continue selling internal combustion engine cars in the future, alongside plug-in hybrids and fully electric cars — which it expected to be 80 per cent...
...The pedestrian was trapped and dragged about 20 feet by the car....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Mike Hawes, chief executive of the SMMT, the UK car industry body, said import tariffs would be deeply disappointing....
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