Ford to Provide Strategic Update, KPIs, Performance Targets, At Upcoming ‘Delivering Ford+’ Capital Markets Event
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Ford (F) joins Stellantis (STLA) in calls for extension of post-Brexit trade rules
May 17, 2023 10:29 AM EDTAmerican automaker, Ford (NYSE: F) on Wednesday called for the post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add pointless costs for consumers and slow the transition to electric.
"Ford is calling for current trade requirements to be extended to 2027, to allow time for the battery supply chain to... More
Stellantis (STLA) warns UK factories will close if Brexit deal is not changed
May 17, 2023 9:59 AM EDTStellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.
According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More
Gov. Abbott signs annual EV tax bill into law
May 16, 2023 2:44 PM EDTTexas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.
The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.
The bill passed a vote in the... More
