Monday, 24 February 2025

Focus on Automotive

FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam//File Photo
AutomotiveBusinessCourtsElectric Vehicles (EVs)NewsPolitics

Tesla must face owners’ lawsuit claiming it monopolizes vehicle repairs and parts

A U.S. judge said Tesla vehicle owners can pursue a proposed class action accusing billionaire Elon Musk's electric car company of monopolizing markets...

FILE PHOTO: German Economy and Climate Minister Robert Habeck attends the cabinet meeting at the Chancellery in Berlin, Germany, May 29, 2024. REUTERS/Liesa Johannssen/File Photo
AutomotiveEconomyElectric Vehicles (EVs)NewsTrade

German deputy leader visits China as EU tariff tensions simmer

Robert Habeck has previously spoken out against the EU's proposed tariffs on Chinese cars.

FILE PHOTO: U.S. President Joe Biden reacts to questions from reporters during a meeting with NATO Secretary General Jens Stoltenberg in the Oval Office at the White House in Washington, U.S., June 17, 2024. REUTERS/Elizabeth Frantz/File Photo
AgricultureAutomotiveBiofuelsClimateElectric Vehicles (EVs)EmissionsFuelNewsOilPoliticsRegulationsTransport

Oil and corn groups team up in lawsuit to halt Biden truck emissions rules

Lobby groups say President Biden's plans to cut emissions from heavy-duty vehicles will cause economic harm.

The Fisker logo is shown on the back of a Fisker Ocean electric SUV vehicle at one of the company’s sales, service ands delivery centers in Vista, California, U.S., May 22, 2024.   REUTERS/Mike Blake/file photo
AutomotiveBusinessElectric Vehicles (EVs)News

EV startup Fisker files for bankruptcy

Fisker has been trying to ramp up production of its Ocean SUV, which has had software and hardware issues.

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisAutomotiveBusinessFuelIn-DepthOilTransport

Analysis: Global gasoline refining margins slump on slow summer driving season

Oil refiners' profits are down as demand for U.S. gasoline is seasonally the lowest since 2021

A butcher handles pork pieces at a market stall in Madrid, Spain, June 17, 2024. REUTERS/Juan Medina
AutomotiveEconomyElectric Vehicles (EVs)NewsPoliticsRegulationsTrade

China opens tit-for-tat anti-dumping probe into European pork after EU move on EVs

China is to investigate imported pork and its by-products from the EU, days after plans to impose extra duties on Chinese-made electric cars...

FILE PHOTO: People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Shanghai allows Tesla to carry out Full Self-Driving pilot

Shanghai is allowing 10 Tesla vehicles to carry out tests of the company's most advanced autonomous driving software to pave way for its...

A general view of the MINI plant, on the day of a press conference on the BMW Group's investment for the MINI production in the UK, in Oxford, Britain, September 11, 2023. REUTERS/Andrew Boyers/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsPoliticsRegulationsTradeTransport

BMW electric Mini threatened with highest EV tariff from EU, source says

BMW's all-electric Mini made in China is set to be hit by the highest EV tariff of 38.1% under the EU's provisional plans,...

Tesla and SpaceX's CEO Elon Musk attends the first plenary session on Day 1 of the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo
AutomotiveBusinessCourtsElectric Vehicles (EVs)FinanceNewsTransport

Tesla plans to leverage Elon Musk’s big pay win in Delaware court battle

Tesla will use Thursday's strong support for Elon Musk's $56 billion pay package to try to win over a Delaware judge that invalidated...

FILE PHOTO: Elon Musk attends the Breakthrough Prize awards in Los Angeles, California, U.S., April 13, 2024. REUTERS/Mario Anzuoni/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Musk wins pay approval but still faces Tesla’s floundering stock and rich valuation

Tesla shareholders approved CEO Elon Musk's $56bn pay package, but the electric car maker's stock remains richly valued even after several years of...

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