Latest Electric vehicles News
China targets Europe's farmers, and not its automakers, in response to EU tariffs on electric cars
BEIJING (AP) — The Chinese government is taking aim at European farmers instead of German automakers by launching an investigation into European Union pork imports, just days after the EU said it plans to impose provisional tariffs on China-made electric vehicles. The Commerce...
Chinese premier focuses on critical minerals and clean energy on final day of Australian visit
MELBOURNE, Australia (AP) — Chinese Premier Li Qiang has ended his Australian tour on Tuesday in the west coast city of Perth where he has focused on China’s investment in critical minerals, clean energy and business links. Perth is the capital of Western Australia state, which...
Akio Toyoda, grandson of Toyota founder, wins shareholders' approval to stay in leadership
TOKYO (AP) — Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker’s founder, as chairman on the board. Details on the vote tallies were not immediately available. But the company confirmed...
China keeps lending rate unchanged as data show housing market is still struggling
BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year...
Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal
TOKYO (AP) — Toyota’s chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board. The vote expected at the June 18 annual shareholders meeting comes after Toyota...
How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk's record-setting Tesla compensation dwarfs them by comparison. Tesla shareholders on Thursday voted overwhelmingly in favor of restoring...
Chinese premier lands in Australia on first such visit in 7 years
MELBOURNE, Australia (AP) — Chinese Premier Li Qiang arrived in Australia on Saturday on a relations-mending mission with panda diplomacy, rock lobsters and China’s global dominance in the critical minerals sector high on the agenda. His visit is the first by a Chinese premier in...
RH, MSC Industrial fall; Adobe, Progressive rise, Friday, 6/14/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Adobe Inc., up $66.57 to $525.31. The design software company raised its earnings forecast for its fiscal year. RH, down $47.32 to $229.73. The...
Elon Musk gets 77% approval from shareholders to get back his big, $44.9 billion Tesla pay package
DETROIT (AP) — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world's largest electric vehicle maker. The favorable...
Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package
DETROIT (AP) — If Tesla shareholders vote against restoring Elon Musk's $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of his other companies. Or he could even could walk away. If they approve the all-stock...
