Newsfeeds Archive - Spark Newswire

2 minute read

Global
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Chinese Carmakers Urge Beijing To Increase Tariffs On EU Gasoline Cars In Retaliation For EV Tariffs: Report

June 19, 7:57 AM

Chinese carmakers have reportedly called upon Beijing to raise tariffs on European gasoline-powered cars. This move is seen as a retaliatory measure EU restrictions.

BMWYY

2 minute read

Taiwan Semi and Foxconn Guide Global Supply Chain Shifts, Attract Key Industry Players

By Anusuya Lahiri

June 10, 12:53 PM

TSMC and Foxconn are leading the global supply chain shift in response to political and business changes, expanding to key automotive hubs and investing in chip-making capacity.

AAPL

2 minute read

European Commission Backs Italian State Aid To STMicroelectronics’ Chip Plant: Details

By Shivani Kumaresan

May 31, 9:09 AM

The European Commission has approved Italian state aid to support STMicroelectronics in building a €5 billion plant in Catania, Sicily. This facility will produce energy-efficient silicon carbide chips for electric vehicles. The aid includes a €2 billion direct grant. This move aims to strengthen Europe's semiconductor ecosystem and reduce reliance on imports, aligning with digital and green transition goals.

BMWYY

1 minute read

Why Is Garmin Stock Falling Today?

By Lekha Gupta

May 22, 1:40 PM

Garmin stock downgraded to Underperform by B of A analyst due to concerns about growth momentum and valuation. Q1 results beat estimates.

BMWYY

1 minute read

BMW Mini Cooper Imports Linked To Banned Chinese Components: Report

By Shivani Kumaresan

May 20, 1:11 PM

Discover the implications: BMW Group's 8,000 Mini Cooper imports to the US flagged for banned Chinese components, sparking scrutiny from the Senate. Learn how the Uyghur Forced Labor Prevention Act (UFLPA) is reshaping supply chains and raising concerns about forced labor practices in China's Xinjiang region.

BMWYY

2 minute read

Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report

By Shivani Kumaresan

May 17, 6:59 AM

Tesla, led by Elon Musk, is reportedly eyes a data center in China to enhance its self-driving technology. This move aligns with their strategy to locally process data for the Full Self-Driving (FSD) system, reflecting a shift to secure local processing capabilities and adapt to the competitive EV market. The initiative underscores Tesla's focus on leveraging Chinese data for AI development amid U.S. tech transfer restrictions.

BIDU

2 minute read

Uncategorized

Mercedes Worker Advocates For Better Work-Life Balance Amid Unionization Efforts in Alabama Plant: ‘…So That We Can Participate In Family Activities’

By Benzinga Neuro

May 14, 10:29 AM

Brett Garrard, a Mercedes worker, emphasized the need for better work-life balance and a more predictable schedule as…

BMWYY

2 minute read

After UAW Wins Big In Tennessee, $40M Campaign Continues: 35 Car Plants Are Next

By Anthony Noto

April 22, 2:31 PM

Auto union leader Shawn Fain said pundits all bet that the union would lose at the VW plant in Tennessee. They were wrong.

BMWYY

2 minute read

Uncategorized

Volkswagen And BMW Report Unexpected Good News Of Their EV Progress

By Upwallstreet

April 11, 6:13 AM

With many concerns in the air about the EV revolution running out of steam as even the EV king, Tesla Inc (NASDAQ: TSLA) came short of estimates as it posted its first deliveries drop in four years, Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke

BMWYY

1 minute read

BMW Charges Forward: Q1 Sees Deliveries with 27.9% Surge in Fully-Electric Vehicles

By Lekha Gupta

April 10, 9:44 AM

BMW delivers 594,671 vehicles in Q1, with significant growth in BEV sales and high-end premium segment. Expects double-digit growth in 2024.

BMWYY