Focus on Transport
EU plans 36% tariff on Chinese EVs, lower for Tesla
EU Tesla tariffs pegged at just 9% as the bloc continues trade battle with China over state subsidies.
XPeng projects lower-than-expected quarterly revenue
Tough competition in the EV market and increased EU tariffs on Chinese-made vehicles lead to lower XPeng revenue forecasts.
Battery maker Northvolt to shift R&D from California to Sweden
Consolidation of Northvolt's research will shift from California to Swedish hub amid strategic review.
Trump says he’ll consider scrapping ‘ridiculous’ EV tax credit
Tax credits and incentives are not generally a very good thing, Trump said, adding he would tap Elon Musk for a cabinet or...
Global warming may be factor in deadly Italian shipwreck, climatologist says
Global warming may have amplified the storm that sank a British yacht off Sicily, killing one and leaving six missing.
UAW workers at Stellantis could strike over Illinois plant reopening
Several UAW locals at Stellantis plan grievances, claiming the automaker breached investment commitments, potentially leading to a strike.
Oil pipeline capacity to spare Canadian exports from looming rail dispute
Canadian rail labor dispute would be unlikely to significantly reduce oil exports to the US due to excess capacity on Trans Mountain pipeline
China’s BYD plans car plant in Karachi as part of Pakistan entry
BYD is the first major new electric vehicle entrant in the Pakistani market, where there is a lack of charging infrastructure.
Russia’s Kadyrov equips Tesla truck with machine gun for war
Weaponised Tesla unveiled by leader of Chechnya, who praises Elon Musk as "strongest genius of modern times".
Porsche agrees to provide capital in battery maker’s restructuring deal
Varta restructuring agreement sees the German manufacturer of EV batteries turn to sports car maker Porsche for debt relief.
