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U.S. House votes to pause Biden EV regulations

The Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.

"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More

Tata Motors urges India to maintain EV import tax

Tata Motors is urging Indian authorities to maintain the current 100% import taxes on electric vehicles in order to safeguard the domestic industry and its investors.

This request comes as the government evaluates Tesla's intentions to enter the market.

While India aims to enhance local manufacturing and increase the adoption of electric vehicles, Tesla (NASDAQ: TSLA) is seeking to establish a factory in India... More

Swedish court rules against Tesla (TSLA) in postal service dispute

Tesla (NASDAQ: TSLA) faced a setback in a legal dispute against Sweden's postal service on Thursday amid an escalating conflict with Nordic trade unions.

A Swedish court ruled that, for now, PostNord is not obligated to distribute license plates to Tesla, which have been withheld by the postal service's employees. This marks the latest development in a dispute regarding collective bargaining agreements.

The pressure on Tesla is mounting in Sweden, Norway, and Denmark, as unions supporting Swedish IF Metall's mechanicswho initiated a strike on October 27seek a collective agreement with the... More

Over 1,000 VW workers sign union cards in Tennessee

The United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.

The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.

The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More

Norway union to join Tesla (TSLA) blockade

Fellesforbundet, Norways largest private sector labour union revealed Wednesday that, starting this month, the union will start blocking transit shipments of Tesla (NASDAQ: TSLA) cars meant for the Swedish market. The act is part of a growing Nordic movement to support striking mechanics in Sweden.

IF Metall, the leading Swedish union, initiated industrial... More

Ford (F) says Mach-E unlikely to qualify for tax credits in January

Ford Motors (NYSE: F) revealed Wednesday that their Mustang Mach-E electric vehicles currently occupying dealership lots are unlikely to meet the criteria for federal tax credits starting in January.

Recent guidance from the U.S. Treasury outlined fresh limitations on battery sourcing set to take effect on January 1st. These restrictions aim to steer the U.S. EV supply chain away from dependence on... More

Deutche Bank releases their top auto picks for 2024

Deutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.

The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... More

Elon Musk suggests Cybertruck impact may not be felt until 2025

Elon Musk, the CEO of Tesla, detailed his projections regarding the impact of the Tesla (NASDAQ: TSLA) Cybertruck on the company's financial outlook.

After four years since its initial unveiling, Tesla managed to begin deliveries of the Cybertruck last week, albeit in limited quantities.

With just a few units delivered, Tesla continues to strive towards optimizing its production methods for the Cybertruck. Achieving... More

Citi Out Positive on Apple (AAPL)

Citi analyst Atif Malik reiterated a Buy rating and $230.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Hon Hai released Nov revenue before the market open on Dec 5 with +18% Y/Y growth, mainly contributed by the Smart Consumer Electronics... More

Ford (F) teams with Xcel (XEL) to install 30k EV Charging stations

Fords (NYSE: F) commercial division on Tuesday announced a partnership with utility company Xcel Energy (NASDAQ: XEL) to deploy 30,000 electric vehicle (EV) charging stations throughout the United States by 2030.

The partnering companies opted not to disclose financial specifics regarding... More