German Manager Magazine: Electric cars from China: The most important questions and answers about the dispute over EU punitive tariffs003615

Background to the vote by the EU states on the introduction of countervailing duties for Electric cars out of China is that, from Brussels’ perspective, Beijing supports cars manufactured in the People’s Republic with high subsidies that distort competition. The concern: European manufacturers and suppliers could fall under the wheels, but German car manufacturers and… Continue reading German Manager Magazine: Electric cars from China: The most important questions and answers about the dispute over EU punitive tariffs003615

Fast fashion retailer Shein to start roadshows soon ahead of London IPOShein is said to be working towards launching the float in the current quarter.

Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter said, pushing ahead with preparations as it awaits UK regulatory approval. The China-founded online retailer plans to hold informal roadshows mainly across Europe, one of the sources said, during which an IPO-bound company fields large investors’ questions and tests their investment appetite. The sources declined to be identified as… Continue reading Fast fashion retailer Shein to start roadshows soon ahead of London IPOShein is said to be working towards launching the float in the current quarter.

Auto giants are getting nervous about the prospect of mega fines as EV demand falters

Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. Automakers operating… Continue reading Auto giants are getting nervous about the prospect of mega fines as EV demand falters

@FCA: Stellantis Responds With the Facts Following UAW Rally at Sterling Stamping Plant

October 3, 2024 , Auburn Hills, Mich. –  Following the UAW Rally today, Stellantis reiterated its position and the facts regarding allegations UAW President Shawn Fain continues to make, further spreading misinformation to the members he represents. Fact: Letter 311, the Investment Letter, in the 2023 collective bargaining agreement, which was negotiated and ratified by UAW members,… Continue reading @FCA: Stellantis Responds With the Facts Following UAW Rally at Sterling Stamping Plant

German FAZ: Volkswagen and General Motors continue to fall behind in competition007820

Over-the-air updates, AI assistants, autonomous driving or sophisticated infotainment: digital functions are now more important as a selling point for cars than horsepower and brand image. In the new comparison of digital performance, behind the series winner Tesla it is mainly Chinese manufacturers such as Xpeng and BYD as well as the American providers Rivian… Continue reading German FAZ: Volkswagen and General Motors continue to fall behind in competition007820

@FCA: Canada Jeep® Brand Announces Repositioned Starting Prices for 2025 Compass Lineup, Sport 4×4 Under $35,000

October 3, 2024 , Windsor, Ontario –  The Jeep® brand has repositioned the pricing of its Jeep Compass lineup for the 2025 model year, reinforcing it as the standout choice in Canada’s compact SUV segment, combining legendary 4×4 performance and the latest must-have features and technology. The entry-level Sport 4×4 has a new, all-in starting price… Continue reading @FCA: Canada Jeep® Brand Announces Repositioned Starting Prices for 2025 Compass Lineup, Sport 4×4 Under $35,000

@FCA: IONNA Breaks Ground on First ‘Rechargery’ and Announces New CTO

October 3, 2024 , Durham, N.C. –  IONNA, the charging network founded by eight of the world’s top automakers: BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota, announced they have broken ground on the first IONNA rechargery. In the thriving heart of Apex, North Carolina, just a few miles from its previously announced headquarters… Continue reading @FCA: IONNA Breaks Ground on First ‘Rechargery’ and Announces New CTO