Draft UK-EU agreement avoids ‘no deal’ disaster for UK automotive industry. Sector welcomes supportive Rules of Origin with phase-in periods and commitment to reduce customs burdens, and calls for immediate ratification. With just hours from ratification to implementation, government should provide specific additional phase-in periods for administration requirements. Investment in UK’s electrified supply chain, including… Continue reading SMMT calls for immediate ratification and implementation of draft UK-EU Trade & Cooperation Agreement
Category: Automotive
Tesla Model S/X refresh back in the spotlight as hacker finds updated interior with selfie camera in code
The possibility of an upcoming Tesla Model S/X refresh is back in the spotlight as a hacker finds a reference to an updated interior with a selfie camera in a software update. Rumors of a possible Model S and Model X design refresh have been increasing lately — especially since Tesla announced that the Model S… Continue reading Tesla Model S/X refresh back in the spotlight as hacker finds updated interior with selfie camera in code
Tesla offers 3 months of free Full Self-Driving package as unprecedented end-of-quarter incentive
Tesla is offering three months of a free Full Self-Driving (FSD) package as an unprecedented end-of-quarter incentive to deliver more vehicles, according to sources. Over the years, Tesla has come up with several incentives to encourage buyers to take delivery by the end of a quarter in order to boost its earnings. This quarter is… Continue reading Tesla offers 3 months of free Full Self-Driving package as unprecedented end-of-quarter incentive
@FCA: FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A.
FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A. FCA Italy S.p.A. (“FCA Italy”), a wholly owned subsidiary of Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that it has agreed to extend until June 2024 its sponsorship agreement with Juventus Football Club S.p.A (“Juventus”). The agreement contemplates a yearly base… Continue reading @FCA: FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A.
SMMT comment on the signing of a UK-Turkey trade deal
29 December 2020 #Europe #SMMT News Mike Hawes, SMMT Chief Executive: We welcome today’s agreement between Turkey and the UK to extend preferential trading terms beyond 31 December. We now await the full text of the deal to assess the impact on our future relationship given the UK will now be outside of the customs… Continue reading SMMT comment on the signing of a UK-Turkey trade deal
@VW Group: Volkswagen significantly expands charging infrastructure
The Volkswagen brand is significantly expanding the charging infrastructure at its German sites. Some 750 new charging points are planned for next year, including the first High Power Charging stations with up to 300 kW power. Some 2,000 charging points in total are expected to be in operation by the end of 2021 – over… Continue reading @VW Group: Volkswagen significantly expands charging infrastructure
UK signs free trade agreement with Turkey
The UK has signed a free trade deal with Turkey, its first since agreeing a Brexit deal to leave the EU – a development that will strengthen ties between the two European outliers. The continuity agreement, signed by both trade ministers on Tuesday in a video conference call, takes effect on 1 January and ensures… Continue reading UK signs free trade agreement with Turkey
@Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch
Jinhua, China, Dec. 29, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it entered into a strategic cooperation agreement with the Hangzhou Branch of the Agricultural Bank of China.Given China’s effort to both encourage the battery swap model for electric vehicles and to support a… Continue reading @Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch
Kia Motors’ union in S.Korea approves tentative labour deal
Representative Image SEOUL: South Korean workers for Kia Motors Corp have agreed to a freeze in base salary for the first time in 11 years under a preliminary deal with the automaker following 16 rounds of negotiations, a union official said on Tuesday. Instead of a raise in base salary, each unionised worker would receive… Continue reading Kia Motors’ union in S.Korea approves tentative labour deal
Hanon Systems’ Pyeongtaek plant produces its 100 millionth compressor
Global thermal and energy management supplier Hanon Systems hs achieved a production milestone on December 8 when its automotive compressor plant in Pyeongtaek, South Korea reached production level of 100 million units. The plant, which opened in 1991 and will celebrate 30 years of operation in October 2021, has manufactured a total of 50 million… Continue reading Hanon Systems’ Pyeongtaek plant produces its 100 millionth compressor