The future of UK electric car production is in jeopardy due to an impending post-Brexit "cliff edge" in January 2024.
EV
Bill Ford has told the media that the US can’t compete with China’s EVs. Neither on progress to date, nor technology, nor volumes, the mighty American motor industry is on the ropes – this was his summation. The current Executive Chairman of the Ford Motor Company in Detroit went on to explain that the speed […]
China has emerged as a powerhouse in electric vehicle (EV) production, reshaping the landscape of the automotive industry. Through strategic planning, investments, and a forward-thinking approach, China has successfully positioned itself at the forefront of the global EV revolution, leaving an indelible mark on sustainable transportation. Unwavering Commitment to Clean Energy: China’s dominance in EV […]
Japan’s Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. China has long been a key market for Nissan, but like other global automakers, […]
Australia banned TikTok on Tuesday from all federal government-owned devices over security concerns, becoming the latest U.S.-allied country to take action against the Chinese-owned video app. The ban underscores growing worries that China could use the Beijing-based company, owned by ByteDance Ltd, to harvest users’ data to advance its political agenda, undermining Western security interests. […]
A federal jury in San Francisco on Monday ordered Tesla Inc to pay about $3.2 million to a Black former employee after he won a racial harassment lawsuit against the electric-vehicle maker, far less than the $15 million he rejected last year in opting for a new trial. The verdict came after a week-long retrial […]
Rising interest rates are eating into the reserves that U.S. life insurers must hold to deal with rate fluctuations, ratings agency Fitch Ratings said on Monday, creating an accounting issue that could impact insurers’ income. Interest maintenance reserves (IMRs) smooth insurers’ balance sheets by showing interest-related capital gains and losses on fixed-income assets, and amortizing […]
Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quarter sales growth was modest despite price cuts as rising competition and a bleak economic outlook weighed. Tesla delivered 422,875 vehicles for the first three months of this year, up 4% from the previous quarter. This was 36% higher than a year ago. In January, […]
A bipartisan group of U.S. lawmakers reintroduced a bill to allow news organizations to join together to negotiate ad rates with tech giants such as Alphabet Inc’s Google. The measure would allow news broadcasters and publishers with fewer than 1,500 full-time workers to jointly negotiate ad rates — many of which face financial struggles. One […]
Senate Energy Committee Chair Joe Manchin said on Wednesday he may go to court after the U.S. Treasury releases guidance later this week on battery sourcing guidance for electric vehicle tax credits. “If it goes off the rails” and violates the intent of the climate legislation approved in August, “I will do whatever I can […]