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Ford 2024 profit constrained by EV losses, outlook weaker

Jonathan Storey takes a deep dive into Ford’s latest financial results Ford’s 2024 results were again dragged down by steep losses in its electric vehicle (EV) division: Ford Model e. Over the past four years the division has notched up recurring Ebit losses of US$12.8bn. To offer some tongue-in-cheek perspective: in 2024 Ford would have […]

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SMMT: Britain’s bus market soars to 16 year high and remains Europe’s biggest zero emission buyer

The UK’s new bus, coach and minibus market has strengthened its recovery, recording a second consecutive year of growth and the best annual performance since 2008,1 according to the latest figures publish3ed today by the Society of Motor Manufacturers and Traders (SMMT) The UK’s new bus, coach and minibus market has strengthened its recovery, recording

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SMMT: Zero emission truck demand stagnates as overall market normalises

The UK’s new heavy goods vehicle (HGV) market fell for the first time in three years in 2024 with registrations down by -2.7%, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT) The UK’s new heavy goods vehicle (HGV) market fell for the first time in three years

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FT: China using Tesla’s ADAS licence as trade war leverage

Tesla’s FSD Beta licence could be delayed indefinitely as domestic brands bring their AV projects to scale. By Stewart Burnett Tesla is anticipating a delay in approval for its autonomous driving technology in China as the country’s trade war with the US continues to escalate, according to a 17 February 2025 report by The Financial

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Volkswagen expands its software partnerships with CGI JV

Volkswagen’s new joint venture, Marv1n, is the latest in a series of external partnerships intended to facilitate digital transformation. By Stewart Burnett Volkswagen Group continues to look outwards for software partnerships with the February 17 2025 announcement of a joint venture (JV) with IT firm CGI Germany called Marv1n. The new JV will focus on

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Xiaomi’s sophomore EV YU7 will have a range of up to 820 km

Xiaomi’s YU7 will challenge Tesla’s Model Y with a significantly higher range across all variants, and a potentially lower price. By Stewart Burnett A new filing included in the latest regulatory catalogue of China’s Ministry of Industry and Information Technology has revealed more information about Xiaomi’s second electric vehicle model, the YU7. Two core variants

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Reuters: Stellantis abandoning battery plans for Termoli plant

Stellantis planned to retool its Termoli plant for battery production, but now it is moving to dual-clutch transmissions for hybrids. By Stewart Burnett Stellantis-led joint venture (JV) ACC has abandoned plans to retool its combustion engine plant in Termoli, Italy, into a 40 GW/h battery gigafactory. Instead, ACC will adapt the site to produce electrified

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