Monday, 24 February 2025

Focus on Automotive

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. REUTERS/David Swanson/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Reaction to Musk’s post on voting for his $56 billion Tesla pay package

The company's attempt to seek a shareholder re-vote on the record-breaking pay has put the spotlight on CEO compensation in corporate America.

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms as well as research and development (AFP)
AnalysisAutomotiveBusinessElectric Vehicles (EVs)IndustryPoliticsReportsTradeTransport

Why are Chinese electric cars in EU crosshairs?

The European Union said this week it would slap additional tariffs of up to 38 percent on Chinese electric cars from next month...

Tech billionaire Elon Musk is encouraging shareholders in electric automaker Tesla to vote in favor of a plan that includes a massive pay package for the company's founder and chief executive (AFP)
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Musk says Tesla shareholders voting for his pay package by ‘wide margins’

The firm has campaigned to convince shareholders to approve Musk's giant compensation package - worth as much as $56 billion - ahead of...

Last year, Ford cut around 1,100 jobs at its Valencia factory in eastern Spain (AFP)
AutomotiveBusinessElectric Vehicles (EVs)LabourNews

Ford says to cut 1,600 more jobs at Valencia factory

Like other automakers, Ford has decided to shift to electric vehicles, which requires massive investments in developing new technologies and retooling factories.

FILE PHOTO: Journalists inspect China's BYD Atto 3 electric vehicle, during its launch ceremony in Jakarta, Indonesia, January 18, 2024. REUTERS/Willy Kurniawan
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTrade

Europe’s automakers fret as China EV tariff fears become reality

The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Florida pension board backs $56 billion pay package of Tesla CEO Musk

Florida's pension board voted in support of the $56 billion pay package of Tesla CEO Elon Musk for the company's upcoming annual meeting

The Tesla Logo is seen at a dealership in Durango, northern Spain, October 30, 2023. REUTERS/Vincent West
AutomotiveBusinessElectric Vehicles (EVs)LabourNewsTransport

Tesla reported to police in Sweden over alleged illegal electrical work

US EV manufacturer Tesla has been reported to police in Sweden accused of performing electrical installation work without the necessary registration

FILE PHOTO: Fisker Ocean electric SUV vehicles are shown at one of the company’s sales, service and delivery centers in Vista, California, U.S., May 22, 2024.   REUTERS/Mike Blake
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

EV startup Fisker to recall 18,000 vehicles in latest setback

Fisker said on Wednesday it was recalling more than 18,000 cars in North America and Europe due to faulty software and non-compliance with...

The European Commission has ordered a provisional hike to tariffs on Chinese manufacturers including BYD (AFP)
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

EU slaps extra tariffs of up to 38% on Chinese electric cars

The European Union threatened on Wednesday to hit Chinese electric car imports with additional tariffs of up to 38% from next month

FILE PHOTO: A longtime exposure shows cars driving on the Mittlerer Ring  in Munich, Germany, February 1, 2023. REUTERS/Lukas Barth/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsRegulationsTradeTransport

European carmakers hit by ‘fear of retaliation’ from EU tariffs on China EVs

Shares in some of Europe's biggest automakers dropped on fears of Chinese retaliation after the EU imposed duties on imported Chinese EVs

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