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Japanese carmaker has fallen behind in electric vehicle race and lacks scale needed to compete globally
Elon Musk sends confusing message on earnings call
New owner of UK dealerships will close marketplace for second-hand cars following pandemic-era slump in supply
Energy watchdog’s forecast runs counter to sentiment among many carmakers struggling to sell battery-run vehicles
European carmakers should use this market slowdown to play catch-up with Chinese rivals
Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxis
Investors want to know whether electric-car maker is in the midst of a major change in direction
Victory was part of a $40mn campaign to organise workers at 13 mostly foreign-owned carmakers across the US
President Yoon Suk Yeol has pledged to target private use of company vehicles
Bad driving is probably playing a bigger role in the fatality rate than larger cars and longer journeys
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year ago
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
Delaware court previously voided chief executive’s $56bn remuneration
Pedal to the metal, balls to the wall, margins to the floor
Carlos Tavares’s controversial remuneration deal of €36.5mn was rejected by almost 30% of shareholders
Pace of post-pandemic development a wake-up call for western companies
About 14,000 jobs set to go as brutal price war and EV slowdown hit US automaker
Deal with Group 1 Automotive is the latest in consolidation wave hitting car retail sector
Wealthy customers are pouring more money than ever into customisation, pushing carmakers to invest in supply chains and dedicated teams
Governments need to work with carmakers to reduce the obstacles to adoption
Success in Asia contrasts with decline in electric vehicle sales in Europe after end of consumer subsidy
Chinese EV makers without sales networks or onward transportation among leading causes of congestion, say executives
The Japanese carmakers are under pressure from coming wave of high-tech, low-cost electric vehicles from China
Aviva and UK infrastructure bank to lease 60 battery-powered vehicles to Go-Ahead Group as part of £100mn plan
Carmaker threatened by cheaper Chinese brands, falling demand and even Elon Musk’s ‘toxic’ personality
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