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Tesla and BMW sue EU
BMW, Mercedes-Benz, and Tesla Join the Complaint Against Tariffs on Chinese Electric Cars
The lawsuit filed last week by BYD, Geely, and SAIC in the EU courts could last up to a year and a half. Tariffs on electric cars manufactured in China continue to gather opponents. If less than a week ago the three major Chinese manufacturers Geely,
Tesla, BMW sue EU after China-made EVs hit by tariffs
The EU imposed anti-subsidy tariffs of 7.8% on Tesla on top of the 10% levy. BMW’s imports were hit with a 20.7% duty. The firm was hit because its electric Mini Cooper and the 100% electric Mini Aceman are made in China, according to car website Autogear.
Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts
Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC. View on euronews
2d
on MSN
BMW Sees Auto Margin at Low End of Guidance on Weak Sales
BMW AG said its 2024 automaking profit margin will be at the lower end of guidance after sales of its premium cars fell.
AM-online
15h
European car market growth driven by hybrids and Chinese brands
China has become the sixth largest country of origin for new vehicles registered in Europe, according to the latest data from JATO Dynamics.
15h
EU vows 'action plan' for beleaguered auto sector
EU promises 'action plan' to help the bloc's beleaguered auto sector, as it holds talks with industry leaders who have ...
1d
Tesla’s Profit Fell Sharply Last Year
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the ...
Just Auto
1d
BMW CEO calls for equal EU tariff on US car imports
BMW CEO Oliver Zipse is set to propose that the European Union reduce its tariff on US car imports from 10% to 2.5%.
1d
BMW Expects Full-Year Earnings Margin in Lower Half of 6–7% Target
BMW expects its fourth-quarter pre-tax earnings to be significantly below last year and its full-year margin to be in the ...
Legit on MSN
20h
EU holds auto talks to revive embattled car sector
EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in ...
New Hampshire Public Radio
3h
A rare earth metal company plans to open in Exeter. Their promise? No emissions.
So-called "rare earth elements" like Neodymium and Dysprosium are important parts of the clean energy supply chain, but ...
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