The decision is “another important step towards legal certainty in connection with various diesel proceedings,” said Renata Jungo Bruengger, a member of the Mercedes-Benz management board.
Source: autonews.com
U.S. Supreme Court backs consumer finance watchdog agency's funding mechanism
Many conservatives and their Republican allies have portrayed the CFPB as part of an overbearing "administrative state," the network of agencies responsible for the array of federal regulations affecting businesses and individuals. Source: autonews.com … [Read More...]
Biden's tariffs likely won't impact Americans already driving Chinese-built cars
A 2024 Buick Envision Sport TouringGM-DESIGN Chinese car brands are missing from the US market, but Chinese-made cars are still sold in the US. Americans bought more than 104,000 Chinese-made cars in 2023 and nearly 28,000 in Q1 2024. Buick, Lincoln, Polestar, and Volvo all sell cars in the US that are made in China. Of the more than 15 million cars sold in the US last … [Read More...]
Swedish court rejects Tesla appeal in license plate case
OSLO — A Swedish appeals court upheld on Thursday a dismissal of Tesla's lawsuit against Sweden's Transport Agency in a conflict over licence plates, part of a wider dispute between the U.S. company and labour unions in the Nordic country. The electric vehicle maker faces a wave of union action in the Nordic region, backing Swedish IF Metall's mechanics who have been on strike since last year, … [Read More...]
India may become dumping ground for chinese EVs amid western tariff hikes: GTRI
By: HT Auto Desk | Updated on: 16 May 2024, 18:05 PM Share via: <!--The United States and the European Union have significantly raised tariffs on Chinese EVs and batteries, with the US imposing nearly 100 per cent duties. As a result, India could find itself inundated with Chinese electric vehicles (EVs) and batteries, according to GTRI.--> The United States and the … [Read More...]
Honda 'steadily and surely moving ahead' on EVs, announces large investment
TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. “Honda has not changed its belief that EVs are the most effective solution in the area of small mobility products such as motorcycles and automobiles,” the Tokyo-based … [Read More...]
Ford issues 'call to action' for EV suppliers
Ford's memo offers a look into how heavily the automaker is leaning on suppliers for help with EVs. It comes even as many of those suppliers grapple with dramatically lower volumes and production delays. Source: autonews.com … [Read More...]
Hybrids replace EVs on industry's center stage
Consumer preferences shift to hybrids and plug-in hybrids as interest in fully electric vehicles cools. Source: autonews.com … [Read More...]
Swedish court rejects Tesla appeal in license plate case
Labor unions have, among other things, prevented Tesla from importing cars via Swedish ports, and have launched a postal blockade to make access to license plates for new vehicles more difficult. Source: autonews.com … [Read More...]
Tesla’s Largest Single Investor Shares Proof He Voted Against Reinstating Elon Musk’s $56 Billion Compensation Package—Debate Ensues Whether Musk Could Leave Tesla & Take With Him the Entire AI & FSD Team
Follow us today... In 2018, Tesla shareholders voted by a supermajority to award Elon Musk the biggest CEO compensation package in history. Although enormous, Elon Musk's compensation package is not without conditions. The CEO award is entirely performance-based and intricately tied to Tesla's stock price and financial performance. Musk could serve Tesla for free if … [Read More...]
The 2025 Bentley Continental GT Will Have 771 Horsepower
The more powerful new GT will come with a plug-in-hybrid powertrain, plus four-wheel steering, all-wheel drive, and torque vectoring. Source: caranddriver.com … [Read More...]