Results reflect slowdown of 737 Max production and compensation to customers
Economists and opposition question how government will lift MoD share of GDP to 2.5% and find extra £75bn
Elon Musk-led electric vehicle maker’s stock jumps despite reporting a fall in quarterly revenue
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
War in Ukraine and tensions in Middle East and Asia lead to 7% increase in worldwide defence expenditure, says think-tank
Petrochemical companies oppose global agreement that would cut production to curb pollution
Shanghai’s AutoFlight wins approval for unmanned aircraft in nascent market forecast to be worth $1.5tn a year by 2040
Paul Keel in line for multimillion-dollar pay rise despite jumping to a company half Smiths’ size
Investors want to know whether electric-car maker is in the midst of a major change in direction
Comments from head of one of region’s biggest arms makers come as bloc debates first defence industrial strategy
Premier set to approve plans to replace current amphibious fleet with multi-purpose support ships
Victory was part of a $40mn campaign to organise workers at 13 mostly foreign-owned carmakers across the US
Wreckage photographed in Iraq indicates how Israeli jets hit back at Tehran from afar
The Czech billionaire has a month to make a formal bid after his £4.5bn indicative offer was rejected
Expect more deals after Prysmian’s acquisition of Encore Wire
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
Whistleblower says he was told to ‘shut up’ after raising questions about 777 and 787 aircraft
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
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