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Search resuls for: "China International Consumer Products"


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☆ Focus: Tesla braces for its first trial involving Autopilot fatality
  + stars: | 2023-08-28 | by ( Dan Levine Hyunjoo Jin | Dan Levine | Hyunjoo Jin | ) www.reuters.com   time to read: +7 min
The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Autopilot failed to brake, steer or do anything to avoid the collision, according to the lawsuit filed by Banner's wife. Tesla denied liability for both accidents, blamed driver error and said Autopilot is safe when monitored by humans. Tesla said in court documents that drivers must pay attention to the road and keep their hands on the steering wheel. "Elon Musk has acknowledged problems with the Tesla autopilot system not working properly," according to plaintiffs' documents.
Persons: Casey, Elon, Musk, Tesla, Micah Lee’s, Lee, Stephen Banner’s, Banner's, Reuters ’, Matthew Wansley, Bryant Walker Smith, Jonathan Michaels, we're, Christopher Moore, Adam, Nicklas, Gustafsson, Elon Musk, Richard Baverstock, Trey, Lytal, Dan Levine, Hyunjoo Jin, Peter Henderson, Grant McCool Organizations: Tesla, China International Consumer Products, REUTERS, FRANCISCO, Tesla Inc, Reuters, Cardozo School of Law, University of South, Thomson Locations: Haikou, Hainan province, China, California, Los Angeles, Florida, Miami, University of South Carolina, San Francisco
☆ Tesla expands discounts with price cuts in Europe, Singapore, Israel
  + stars: | 2023-04-14 | by ( Chen Lin Victoria Waldersee | Chen Lin | Victoria Waldersee | ) www.reuters.com   time to read: +2 min
[1/2] Visitors look at a Tesla Model 3 electric vehicle (EV ) at the third China International Consumer Products Expo, in Haikou, Hainan province, China April 12, 2023. Tesla said on Friday it cut prices in numerous European markets including Germany and France because of a scaling up and improvement in its production capacity. In Germany, Tesla has lowered the price of its Model 3 and Model Y vehicles by between 4.5% and 9.8%, data on its website showed on Friday, marking its second price reduction this year after a price reduction of 1-17% in January. In Singapore, it cut prices of its Model 3 and Model Y vehicles between 4.3% and 5%, its local website showed. Tesla also cut prices in Israel, with the price of the base rear-wheel drive Model 3 slashed by 25% after an initial round of global price cuts in January.
☆ Tesla to skip Shanghai Autoshow, organiser's plan shows
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, April 14 (Reuters) - Tesla will not occupy a booth at China's largest annual autoshow to be held next week in Shanghai, according to plans published by the event's organisers. The financial hub is set to host Auto Shanghai between April 18-27. It is Asia's largest auto show where brands from BYD (002594.SZ) to Volkswagen (VOWG_p.DE) are expected to show off their latest models and technologies. Tesla, which has a large electric vehicle factory in Shanghai, has attended the show in past years. Tesla and Auto Shanghai did not immediately respond to a request for comment when asked about the U.S. automaker's participation at the Shanghai auto show on Friday.
☆ Brands look to China's tropical duty free island paradise for consumer comeback
  + stars: | 2023-04-14 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com   time to read: +3 min
HAIKOU, China, April 14 (Reuters) - Representatives of over 3,000 brands including Burberry and Estee Lauder descended on China's Hainan this week to show off their latest wares, hoping to cash in on a post-COVID consumer rebound that has kicked off on the island known for its duty free shopping. It especially boomed during COVID, attracting Chinese shoppers unable to travel abroad due to closed borders. And China further plans to elevate its status: by 2025, it plans to make the whole island duty free, essentially expanding the 10% to 40% cheaper prices on goods from beauty, to alcohol and luxury products from 12 existing duty free malls to the entire province. That has made high-end global consumer firms keen to attend the expo as a way of demonstrating their commitment to China, industry executives said. ($1 = 6.8677 Chinese yuan renminbi)Reporting by Casey Hall; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
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