electric vehicles

Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant
09 Aug

Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant

stp2y0 CommentsRAG models, , , , , , , , , , ,
Italy is demanding Dongfeng Motor Group Co. agree to safeguards on cybersecurity and data protection as the price of support for a new plant by the Chinese automaker, according to people familiar with the matter.As talks advance with Dongfeng, Prime Minister Giorgia Meloni’s government is requiring components such as infotainment units be provided by local suppliers for security reasons, the people said, asking not to be identified discussing confidential negotiations. Italian officials also want consumer data to be collected and managed within the country, they said. Source link lol
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Biden administration awards car factories $1.7 billion so they can build EVs
11 Jul

Biden administration awards car factories $1.7 billion so they can build EVs

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The US Energy Department has revealed that it's awarding car and auto parts factories in eight states a total of $1.7 billion in funding, so that they can be retooled to build electric vehicles and their components. According to The New York Times and The Washington Post, the money will come from President Biden's Inflation Reduction Act, which provides subsidies to EV and battery plants, as well as the $7,500 tax credits consumers can get if they buy an electric vehicle.One of the 11 recipients is a Jeep factory in Belvidere, Illinois that closed last year. The $334.8 million it…
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Polestar Is Bracing for the EV Tariff Wars. It May Not Emerge Unscathed
02 Jul

Polestar Is Bracing for the EV Tariff Wars. It May Not Emerge Unscathed

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Polestar is caught in the middle of an international trade war. Growing competition from Tesla and Chinese rivals and the slowdown of the global EV market are not great for business. Even worse are the gigantic taxes set to be imposed on Polestar’s entire cohort of Chinese-manufactured cars. The US government will raise tariffs on electric vehicles coming from China from 25 percent to 100 percent, and in Europe, the threat of a 38 percent hike in taxes also looms from July 4. In May, China suggested that it will retaliate with a 25 percent tariff hike on large-engine cars…
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Tesla Shareholders Approve Elon Musk’s Big Payday
13 Jun

Tesla Shareholders Approve Elon Musk’s Big Payday

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Under CEO Elon Musk, Tesla has been credited with revolutionizing the auto industry, jumpstarting the electric revolution, and racking up billions in profit in the process. Now Musk is set for a record payday worth almost $50 billion, after the electric car company’s shareholders approved a compensation plan that had been previously blocked by a federal judge.The preliminary outcome of the vote was announced Thursday afternoon during an annual shareholder meeting at Tesla’s newest auto and battery factory in Austin, Texas.The setting was apropos: Shareholders also approved a measure to move Tesla’s corporate registration away from Delaware and to Texas.…
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The $50 Billion Musk Referendum
12 Jun

The $50 Billion Musk Referendum

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The pay package is just one in a series of measures that shareholders have already been asked to vote on by proxy, ahead of Thursday’s meeting. Others include whether Tesla’s incorporation should move from Delaware to Texas, whether the company should soften its hardline stance on labor negotiations, and whether the company should preemptively impose a moratorium on using minerals mined from the seabed.Yet none have been as divisive as Musk’s pay. Deep rifts among investors have been exposed in the lead-up to the vote. Tesla board chair Robyn Denholm has backed the pay package, as has billionaire investor Ron…
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