Tesla faces one other drop in tax-credit score eligibility for its vehicles on Monday. EU officials acknowledged that whereas a further six-month delay was likely, Trump’s actions had been unpredictable and he would doubtless protect the specter of car tariffs hanging over them as a result of the United States and European Union pursue trade negotiations throughout the coming 12 months. In preparation for launching a new wave of electric fashions, VW will launch a model new electrical-automotive-sharing service with a fleet of e-Golfs in Berlin later this yr. The WeShare service is anticipated to broaden throughout Germany with a fleet of up to 2,000 cars, along with new ID 3 fashions subsequent 12 months. Nissan Motor has a world lineup that includes higher than 60 nameplates throughout the Nissan, Infiniti and Datsun brands. CEO Hiroto Saikawa mentioned final week that it’s going to reduce its product portfolio by not less than 10 % by March 31, 2022, specializing in small autos.
Continental has reported a web lossÃ‚Â throughout the third quarter of EUR1.99bn (US$2.2bn), resulting from previously announced one-time outcomes from goodwill impairment and provisions, while gross sales rose three% to EUR11.1bn. Cars and trucks have been not lower … Read the rest