Focusing on the production economy, the Trump team is seeking to relax US rules on self-driving cars, and members of US President-elect Donald Trump’s transition team have told advisers, they plan to make the federal framework for fully self-driving cars one of the priorities of the Department of Transportation, according to people familiar with the matter.
Tesla will benefit directly if the new rules make driverless cars possible.
The Trump team plans to abolish the electric car tax credit, and the team of the next US president, Donald Trump, is planning to eliminate the $7500 tax credit for consumers to buy electric cars, according to two sources.
As part of broader tax reform legislation.
The Zero Emission Transportation Association (ZETA), which includes Tesla, Rivian, Uber, Lucid and Panasonic, is urging the next US president, Donald Trump, not to abolish the tax credit for electric vehicle sales and production.
The association warned that the elimination of tax credits for the production and purchase of electric vehicles would weaken US investment in electric vehicles and hamper job growth in the United States.
Us Trade Representative: targeted import duties need to be imposed on Chinese products.
A few days ago, US Trade Representative Dai Qi said that targeted tariffs should be imposed on products imported from China to prevent China from selling large quantities of products such as cars, clean energy and semiconductors to the United States.
Focusing on new trends in traditional automakers, GM is said to have cut nearly 1,000 jobs worldwide, and a person familiar with the matter said on Nov.
15 that GM is cutting nearly 1000 jobs worldwide, most of them in the United States, in an effort to streamline operations.
In response to the news, GM confirmed that it had laid off staff, but did not disclose specific figures.
Nissan faces record debt amid growing concerns about its ability to generate cash as it has a year to solve its financial problems, followed by a record peak of bond maturity.
Nissan will have about $1.
6 billion in debt due next year, down slightly from this year, but by 2026, its debt will soar to about $5.
6 billion, the highest level compiled by Bloomberg since 1996.
Hyundai Motor announced the appointment of the new CEO.
On November 15th, Hyundai Motor announced the appointment of the company’s current global operating officer and CEO of the United States as its global chief executive and president, and Mu ñ oz became Hyundai’s first non-Korean chief executive.
Focusing on the supply chain, Swedish battery maker Northvolt is said to be considering filing for bankruptcy protection in the United States.
Swedish battery maker Northvolt has been discussing the possibility of filing for bankruptcy protection in the United States in response to a shortage of funds, according to two people familiar with the matter.
Earlier this week, the Swedish business daily Dagens Industri reported that negotiations on short-term financing agreements between the cash-strapped company and its creditors, shareholders and at least one customer had stalled.
Linama Q3’s adjusted net profit rose 6.
1% from a year earlier, and Canadian auto parts supplier Linamar Corp.
) reported that in the third quarter of this year (July to September), its sales still rose 8.
3% year-on-year to C $2.
6 billion (US $1.
9 billion).
Adjusted operating profit rose 14% to C $228.
6 million, and adjusted net profit rose 6.
1% to C $144.
6 million.
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