Cars, cars, more cars and armaments, worrying days

Chinese car maker BYD topped $100bn for the first time last year after revenues rose 29 per cent.

Tesla’s sales fell for a second consecutive month in February, down more than 40 per cent on the previous year.

The Porsche-Piëch family is exploring the acquisition of a defence company as part of plans to invest up to $2bn and diversify its holdings beyond VW and luxury-car maker Porsche