The auto industry is moving beyond internal combustion engines or self-driving software, the brains for fleets of robot vehicles, Elon Musk’s Tesla has become a key supplier of batteries and electric power trains. Tesla’s share price culminated in an electrifying 48 per cent leap during the first two trading sessions of this week. From a…
Elon Musk, the billionaire co-founder of Tesla saw the market value of the electric car maker pass $`103bn, following a three-month rally in which Tesla’s share price has soared 125 per cent, as Donald Trump compared him to US Inventor Thomas Edison, calling him one of our great geniuses. If the market cap averages $100bn…
A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…
The art form of yoga is no longer the preserve for hippies or hip-millennials, as a multi-dollar industry with varieties including hot yoga, naked yoga, beer yoga, and doga have taken over. The Indian spiritual discipline is a £20billion-a-year mainstay of the wellness industry. Shearer reveals a cultural cast of characters past and present in…
Foxconn, an Apple lead assembler and depends on Apple for 50 per cent of its revenue, is venturing into electric cars with Fiat, Chrysler Automobiles. Hon Hai, Precision Industry, as the world’s largest contract manufacturer is in talks to set up a business the Italian-American carmaker both holding 50 per cent stake, to make cars…
Korean manufacturers, Hyundai and Kia have invested €100m into electric-vehicle start-up Arrival with a €3bn price tag in one of the largest investments in Britain’s motor industry since the Brexit vote to leave the EU in 2016. “This will lead to significant collaboration this is far more than just an investment” Avinash Rugoobur, Arrival’s chief…
Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…
China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…
Amazon and Google have hired lots of floor space at CES to spotlight products that tie into their virtual assistants. LG display says it has a 65in ceiling mounted screen that can be rolled up when not in use. Min-LED involves using smaller light-emitting diodes than normal to illuminate a screen’s colour pixels which allowed…
Tesla’s share prices which nearly halved in the opening months of 2019 have since rebounded 140 per cent to value over $80bn. In the latest quarter, Tesla has delivered over 367, 500 cars in 2019 up 50 per cent from the previous year and topped all Wall Street expectations. Shares in the company surged 5.5…