Thursday, 23 January 2025

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Republican presidential candidate Donald Trump pushed back at arguments that tariffs would hike costs for consumers (AFP)
AutomotiveBusinessEconomyElectionsElectric Vehicles (EVs)ManufacturingNewsPoliticsTrade

Trump says ‘obnoxious’ tariffs will bring factories to US

Donald Trump says companies will drop plans to build factories overseas when faced with the threat of high tariffs on shipping goods to...

FILE PHOTO: Chairman of the Board of Management of BMW AG Oliver Zipse attends an event at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FuelIndustryLegislationLiquefied Petroleum GasNewsPoliticsRegulationsTrade

BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China

BMW CEO Oliver Zipse urges Europe to reconsider its 2035 ban on new fossil fuel cars to reduce reliance on China’s battery supply.

FILE PHOTO: LG Energy Solution's logo is pictured on a smartphone in front of their web site displayed in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsRegulationsTrade

LG Energy Solution signs two battery supply deals with Ford

South Korea's LG Energy Solution said on Tuesday that it has signed two contracts to supply electric vehicle batteries to the Ford Motor...

FILE PHOTO: EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa//File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsTrade

Global EV sales up 30.5% in September as China shines, Europe recuperates

Global sales of electric and plug-in hybrid vehicles grew 30.5 per cent in September, with China surpassing August records, per Rho Motion.

FILE PHOTO: A view of the logo of German carmaker Volkswagen at the Volkswagen plant in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsRegulationsTrade

Moody’s downgrades Volkswagen outlook to ‘negative’ due to operating weakness

Moody's cuts Volkswagen's outlook to "negative" citing weak performance, low volume growth, and restructuring challenges ahead.

A glass of 20 year-old Cognac is seen at the Painturaud Freres wine cellar in Segonzac, France, October 9, 2024.  REUTERS/Lucien Libert
AnalysisBusinessEconomyElectric Vehicles (EVs)LegislationPoliticsRegulationsTrade

In France’s Cognac, Beijing and Brussels’ EV spat spells disaster

In Cognac, French brandy producers and dealers of Chinese-made EVs face challenges from EU tariffs and China's retaliatory measures.

FILE PHOTO: A drone view shows moored boats at the dry banks of Rio Amazonas during a drought in Santarem, Para state, Brazil October 8, 2024. REUTERS/Amanda Perobelli/File Photo
BusinessClimateEnvironmentIndigenousIndustryMaritimeNewsTrade

Drought blocks shipping in another grains corridor in northern Brazil

Brazil's Amport reports grain transport on Tapajos waterway halted due to severe drought and low water levels in northern Brazil.

China's massive solar industry, which enjoys strong support from the state, makes eight of every 10 solar panels in the world (AFP)
AnalysisBusinessClimate FinanceEconomyElectricityIndustryInfrastructureManufacturingPoliticsRegulationsSolarTrade

China’s solar goes from supremacy to oversupply

China's solar industry, bolstered by state support, faces challenges from foreign tariffs and intense domestic price competition.

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