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Jaguar News: The Jaguar XF Sportbrake Lives and Its Coming To The U.S.
By
William Maley, in Jaguar
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Who's Online 3 Members, 0 Anonymous, 6 Guests (See full list)
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By William Maley
Volvo is shifting production of XC60s destined for the U.S. from China to Europe in an effort to avoid a 25 percent tariff on Chinese imports.
"We will, of course, reshuffle here and take XC60s for the U.S. from our factory in Europe, and let China produce for other markets," Volvo CEO Håkan Samuelsson told Reuters.
Samuelsson went on to say that the shift has already begun.
Earlier this month, the Trump administration slapped a 25 percent tariff on $34 billion in Chinese imports, including Volvo's XC60 and S90. Unlike the XC60, the S90 is only built in China, leaving it in a difficult place. In turn, the Chinese government increased tariffs on imported U.S. vehicles to 40 percent.
Source: Reuters
View full article
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By William Maley
Volvo is shifting production of XC60s destined for the U.S. from China to Europe in an effort to avoid a 25 percent tariff on Chinese imports.
"We will, of course, reshuffle here and take XC60s for the U.S. from our factory in Europe, and let China produce for other markets," Volvo CEO Håkan Samuelsson told Reuters.
Samuelsson went on to say that the shift has already begun.
Earlier this month, the Trump administration slapped a 25 percent tariff on $34 billion in Chinese imports, including Volvo's XC60 and S90. Unlike the XC60, the S90 is only built in China, leaving it in a difficult place. In turn, the Chinese government increased tariffs on imported U.S. vehicles to 40 percent.
Source: Reuters
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By William Maley
The threat of a 20 percent tariff on vehicles exported from the European Union has a number of automakers panicking. But that tariff could be taken off the table if the EU removes their tariff on vehicles exported from the U.S.
German paper Handelsblatt learned from sources that a meeting was held between the US ambassador to Germany, Richard Grenell and number of CEOs from German automakers. Grenell presented an offer directly from President Donald Trump - "elimination of all tariffs on automobile imports on both sides and removal of non-tariff barriers, such as regulations on the size of rear mirrors."
Currently, the U.S. levies a 2.5 percent tariff on vehicles imported from EU. A 10 percent tariff is slapped on by EU members on vehicles imported from the U.S.
The hope is that German automakers can put some pressure on the government to possibly bring this up with other EU members.
Diamler, Volkswagen, the German Economy Ministry, and the European Commission declined to comment when asked by Reuters.
Source: Handelsblatt, Reuters
View full article
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By William Maley
The threat of a 20 percent tariff on vehicles exported from the European Union has a number of automakers panicking. But that tariff could be taken off the table if the EU removes their tariff on vehicles exported from the U.S.
German paper Handelsblatt learned from sources that a meeting was held between the US ambassador to Germany, Richard Grenell and number of CEOs from German automakers. Grenell presented an offer directly from President Donald Trump - "elimination of all tariffs on automobile imports on both sides and removal of non-tariff barriers, such as regulations on the size of rear mirrors."
Currently, the U.S. levies a 2.5 percent tariff on vehicles imported from EU. A 10 percent tariff is slapped on by EU members on vehicles imported from the U.S.
The hope is that German automakers can put some pressure on the government to possibly bring this up with other EU members.
Diamler, Volkswagen, the German Economy Ministry, and the European Commission declined to comment when asked by Reuters.
Source: Handelsblatt, Reuters
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By dfelt
88.61 MPH might not seem like fast or very exciting, but for a boat flying over water and going 12 mph faster than the previous record, a fast electric boat is amazing to see. Nice sound, faster than most.
Full story can be read here: http://www.thedrive.com/tech/21587/jaguar-breaks-world-electric-boat-speed-record
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