The U.S. Treasury last month sought input from automakers and others as it implements the new law. By David Shepardson Hyundai Motor Group and other automakers want the United States to delay implementation of new electric vehicle tax credit rules that make vehicles assembled outside North America ineligible. South Korea, Japan, Brazil and the European… Continue reading Automakers, foreign governments seek changes to U.S. EV tax rules
Category: Automotive
California voters reject tax on rich for more electric cars
Newsom, who handily won a second term, did not immediately comment on the measure’s defeat. California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Proposition 30′s defeat marks a win for… Continue reading California voters reject tax on rich for more electric cars
Canada’s Ritchie Bros to buy auto retailer IAA in $7.3 bln deal
The tie-up will also give Ritchie greater scale, while boosting its ability to cross-sell services across those industries and generate newer, fee-based revenue streams. By Kannaki Deka and Anirban Sen Canada’s Ritchie Bros Auctioneers Inc , which sells heavy industrial equipment, on Monday agreed to buy U.S.-based vehicle marketplace IAA Inc in a deal valued… Continue reading Canada’s Ritchie Bros to buy auto retailer IAA in $7.3 bln deal
Schaeffler axes 1,300 jobs as auto industry goes electric
Schaeffler shares jumped nearly 10% on news of the labour cost savings and on a 27% year-on-year rise in third-quarter revenue to 4.24 billion euros. By Tristan Chabba German automotive supplier Schaeffler plans to cut 1,300 jobs, or 1.6% of its global workforce, as the sector grapples with the shift from combustion engines to electric… Continue reading Schaeffler axes 1,300 jobs as auto industry goes electric
Zoom is coming to Tesla for in-car conference calls
/ Great for attending meetings on the go, presumably when the vehicle is parked. Zoom will soon be added to Tesla vehicles according to an official announcement from the maker of the popular video conferencing app, allowing drivers to participate in video and audio calls without using a mobile device (via Drive Tesla Canada). The… Continue reading Zoom is coming to Tesla for in-car conference calls
Quantron to sell last-mile BEVs in Saudi Arabia
Platform provider and sustainable mobility specialist firm Quantron AG has entered into a strategic partnership with Electromin, a turnkey e-mobility solutions company wholly owned by the Petromin Corporation, a leading mobility solutions provider in Saudi Arabia. Electromin is a technology-driven e-mobility solutions provider offering complete turnkey solutions which includes in-depth consultation, ongoing network operation and… Continue reading Quantron to sell last-mile BEVs in Saudi Arabia
Quantron to sell last-mile BEVs in Saudi Arabia
Platform provider and sustainable mobility specialist firm Quantron AG has entered into a strategic partnership with Electromin, a turnkey e-mobility solutions company wholly owned by the Petromin Corporation, a leading mobility solutions provider in Saudi Arabia. Electromin is a technology-driven e-mobility solutions provider offering complete turnkey solutions which includes in-depth consultation, ongoing network operation and… Continue reading Quantron to sell last-mile BEVs in Saudi Arabia
Endurance Technologies reports 1.4 percent decline in net profit during Q2FY23
Endurance Technologies, a Tier 1 supplier of automotive components, reported a net profit (before minority interest) of Rs 131.5 crore in Q2FY23, a 1.4 percent decline from Rs 133.3 crore in Q2FY23. The company’s consolidated revenue during Q2FY23 stood at Rs 2,369 crore which represents around 25 percent growth over Q2FY22 figures of Rs 1895.8… Continue reading Endurance Technologies reports 1.4 percent decline in net profit during Q2FY23
@Renault: Renault Group: Nissan’s contribution to Renault Group’s third quarter 2022 earnings000432
November 09th, 2022 Nissan contributes €27 million to Renault Group’s third quarter 2022 earnings Nissan released today its results for the second quarter of fiscal year 2022/2023 (April 1st, 2022 to March 31st, 2023). Nissan’s results, published in Japanese accounting standards, for the second quarter of fiscal year 2022/2023 (July 1st to September 30th, 2022),… Continue reading @Renault: Renault Group: Nissan’s contribution to Renault Group’s third quarter 2022 earnings000432
@Renault: Renault Group : Contribution de Nissan aux résultats du 3ème trimestre 2022 de Renault Group000431
Le 09 novembre 2022 Nissan contribue aux résultats du 3ème trimestre 2022 de Renault Group à hauteur de 27 millions d’euros Nissan a publié aujourd’hui les résultats du second trimestre de son exercice fiscal 2022/2023 couvrant la période du 1er avril 2022 au 31 mars 2023. Le résultat publié par Nissan en normes comptables japonaises… Continue reading @Renault: Renault Group : Contribution de Nissan aux résultats du 3ème trimestre 2022 de Renault Group000431