For the French, von der Leyen’s Montevideo trip is anathema. Hatred of the Mercosur deal with Argentina, Brazil, Uruguay, Paraguay and Bolivia permeates the whole political class. The French fear the accord will undermine their farmers with a tide of cheap poultry and beef from Latin America — and will whip up popular rage against … Read more
The Dutch chipmaker and its Taiwanese partner Vanguard International Semiconductor Corp (VIS) on Wednesday broke ground on a joint chip plant in Singapore’s east region. The partners are already working on a phase-two expansion, NXP executive vice-president Andy Micallef told Bloomberg News on the sidelines of the ceremony, though he said that addition has yet … Read more
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand … Read more
Only a few years ago it looked as if the days of the petrol-fired engine were numbered. Now makers such as Mercedes-Benz, Audi and Toyota are saying they expect to sell combustion-engine cars for longer than expected amid disappointing sales of electric vehicles (EVs). Carmakers are feeling the pain of the EV slowdown after governments … Read more
If you are planning to buy an electric vehicle (EV), lawyers and EV experts urge you to make the purchase before 2024 ends to avoid the risks of missing out on up to $7,500 in EV tax credits as they fear President-elect Donald Trump will scrap the mandate in tax negotiations upon assuming Office next … Read more
Uber gets electric Uber is set to introduce a fleet of electric vehicles (EVs) in South Africa, starting with a pilot programme in Johannesburg in 2025. According to Travel News, the E-hailing service announced earlier this year that it would be rolling out 100 000 new BYD electric vehicles worlwide, with 200 of those heading to … Read more
DETROIT (AP) — Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash. The recalls cover more than 145,000 Hyundai and Genesis vehicles including the 2022 through 2024 Ioniq 5, the 2023 through 2025 Ioniq 6, GV60 and … Read more
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, … Read more
Honda is the world’s largest engine manufacturer, powering about 27 million cars, motorcycles, generators, yard tools, airplanes, and other items. The vast majority of those are powered by internal combustion engines. The company is a supplier of engines to successful Formula 1 teams, maker of some of the most popular cars in the U.S. and … Read more
“First and foremost, this was necessary to capitalize and drive the company forward,” Carlsson said. “Essentially, Northvolt is crucial for both our customers and for Europe’s green transition. The recapitalization allows us to emerge from this process with a simpler capital structure.” Northvolt’s downward spiral began over the summer when BMW canceled a contract worth … Read more
