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...In mid-January, VW discovered that some of its luxury cars bound for North America contained a part that was not compliant with US customs rules, two people with knowledge of the matter said....
...Overall deliveries rose as the slump in China was more than offset by growth in North America and other emerging markets, where shipments surged 16 per cent to 52,000 cars....
...Volkswagen, which also owns the Audi and Porsche brands, uses the Sparrows Point port, which is east of the bridge and therefore unaffected....
...Mike Hawes, chief executive of the SMMT, the UK car industry body, said import tariffs would be deeply disappointing....
...The Swiss dermatology giant raised SFr2bn ($2.2bn) in the biggest European float since Porsche’s debut two years ago....
...High interest rates have led to ballooning monthly car payments. Ford and GM have pulled back on EV volumes and cut prices....
...It is the nation’s busiest port for roll-on, roll-off car carriers, for example; Volkswagen rolls its cars on in Bremen and off in Baltimore....
...The port accounted for 15 per cent of the US’s car imports in 2023, and four-fifths of the cars imported through Baltimore came in upstream of the collapsed bridge, according to Stephen Gordon, managing...
...But that ballooned to $55.8bn after the electric-car maker hit financial performance and share price targets set out in the deal....
...He had demanded a hefty financial incentive to grow the value of the electric-car maker, and it worked: Tesla became one of the world’s most valuable companies and his options ended up being worth $56bn....
...I first visited Santa Barbara in 2012 after winning the Porsche Tennis Grand Prix in Germany....
...It makes electric cars and faces increasing price competition from other makers, especially the Chinese. The Magnificent Seven’s share prices have already risen sharply, largely on hopes for AI....
...Back then, it was by no means a given that Porsche saw itself as a sports-car maker....
...This week the Italian car brand announced it will design yachts that can compete in international sailing competitions....
...In the X poll, 87.1 per cent of 1.1mn voters said the electric-car maker should change its state of incorporation....
And more on bad buybacks
...Unlike rivals BMW and Mercedes-Benz, Audi makes no cars in the US. Its factory in Mexico makes the Q5 SUV, but many cars it sells in America are exported from Europe....
...Tesla revealed on Thursday that pricing for the cheapest model of its much-hyped and long-delayed Cybertruck will start at $60,990, as the electric-car maker officially began the first deliveries of the...
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...“Some models have been delayed, largely out of North America, which is pushing out the length of time of penetration [of EVs] in the US,” said Norris, adding that “potentially in parts of Europe” the shift...
Americans account for 14% of users but their revenue contribution will be higher
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...Baltimore is the main east coast entry point for cars imported into the US, leaving carmakers rushing to reroute shipments to New York harbour and other ports....
...Allan Swan, president of Panasonic Energy of North America, told Nikkei on the sidelines of CES that the Tesla supplier still needs “more plants” to reach its goal of increasing annual production capacity...
...Trump, the presumptive Republican presidential nominee, threw his weight behind Bernie Moreno, a 57-year-old former luxury car dealer and self-described right-wing populist....
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