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Private equity group Quantum Capital will buy owner of natural gas power plants

Abingworth wants to pursue royalty-based partnerships with major pharma groups

Suppliers face bottlenecks in crucial US entry point for vehicles while repair bill estimates soar

EU and UK watchdogs act after finding multiple manufacturers co-ordinated positions on vehicle recycling

Also in this newsletter: Russian diamonds are not forever, ‘grey gloom’ in the UK, reasons to be cheerful

Parts manufacturer suggests suppliers are being told to switch focus from EVs to hybrid models amid waning interest

Vessels have been directed to Asia and Europe to carry ‘thousands’ more cars to America than usual

Sharp deceleration in sales growth as mainstream buyers’ appetite proves weaker than expected

Investments continue in combustion and hybrid engine vehicles amid lengthy wait for EVs to become mainstream

Auto industry relies on operations in Mexico and Canada to supply American market