Carmakers are falling back in love with petrol
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 8 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging markets.
Mentioned in this podcast:
UBS fund holds 30% exposure linked to First Brands
Why carmakers are falling back in love with petrol
Global investors stage cautious return to Chinese start-ups
Emerging markets roar back with biggest stock rally in 15 years
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Today’s FT News Briefing was produced by Fiona Symon, Ethan Plotkin, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low carbon solutions |
| 0:22.9 | has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com.uk. |
| 0:30.1 | Hey guys, Mark here. You've only got a few more days to vote for the FT News briefing in |
| 0:35.0 | Signal's listener award for Best Daily podcast. |
| 0:37.8 | We are very close to capturing first place, and we need you to push us over the edge. |
| 0:42.9 | So if you like the show, do me a favor and drop us a vote. |
| 0:46.2 | It takes less than five minutes. |
| 0:47.9 | Just click the link in the show notes. |
| 0:50.0 | And thank you, as always, for your support. |
| 0:55.1 | Good morning from the Financial Times. |
| 0:57.1 | Today is Wednesday, October 8th. |
| 0:58.9 | And this is your FT News briefing. |
| 1:01.6 | First Brand's bankruptcy is hitting a big European lender. |
| 1:05.3 | And the electric vehicle revolution might be slowing down. |
| 1:08.9 | Plus, investors are snapping up stocks and bonds across |
| 1:12.3 | emerging markets. I'm Mark Filipino, and here's the news you need to start your day. |
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