Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
The Gordon Murray Group plans a $420 million expansion over the next five years, mostly to be spent on efforts to developing electric SUVs and delivery vehicles towards an all-electric supercar by 2030.
The company is set to produce 100 of its first supercar, the T50, next year.
Equipped with a powerful V12 engine, the T50 is priced at around 2.4 million pounds each.
Gordon Murray, the Formula One design great who oversaw one of the sport's most successful cars to date, acknowledged that going electric is what's been missing in the company and where the future is.
The company plans to launch another fossil-fuel supercar after the T50, followed by a hybrid model around 2026 and a fully electric supercar in 2029 or 2030.
Murray said that the supercar is a "brand building" product at the upper end of his business and that they'll focus on lightweight and electric cars at the customer-facing end.
The company has been working on designs for a lightweight SUV and a delivery van, which it would offer to traditional manufacturers or startups.
