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☆ EU countries poised to approve 2035 phaseout of CO2-emitting cars
▼ + stars: | 2023-03-28 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

Most countries are likely to back the law on Tuesday, EU officials said, which would allow it to enter into force. The EU law will require all new cars sold to have zero CO2 emissions from 2035, and 55% lower CO2 emissions from 2030, versus 2021 levels. The policy had been expected to make it impossible to sell combustion engine cars in the EU from 2035. Transport accounts for nearly a quarter of EU emissions. Other carmakers including Volkswagen, Mercedes-Benz and Ford are betting on battery-electric vehicles to decarbonise, and had urged EU countries not to row back the 2035 phase-out.

☆ 2023 Mazda CX-50: A Crossover for the Future-Phobic
▼ + stars: | 2023-03-24 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/2023-mazda-cx-50-review-a-crossover-for-the-future-phobic-9d9b7790

☆ Mazda to appoint former North America head Moro as next CEO
▼ + stars: | 2023-03-17 | by ( Daniel Leussink | ) www.reuters.com time to read: +2 min

[1/2] Masahiro Moro, President and CEO of Mazda North America, speaks at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. Moro, 62, currently a director and senior managing executive officer, had previously served as the head of the automaker's North America operations. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, Mazda added. Mazda also nominated Jeff Guyton, 56, senior managing executive officer and its current North America head, as chief financial officer and assistant to the president pending the June approval of the shareholders and board. ($1 = 132.9600 yen)Reporting by Daniel Leussink; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Mazda to nominate former North America head as next CEO
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

TOKYO, March 17 (Reuters) - Mazda Motor Corp (7261.T) will appoint Masahiro Moro, director and senior managing executive officer, as its new president and CEO, the Japanese automaker said on Friday. The 62-year-old, a 40-year company veteran who previously served as the head of the automaker's North America operations, will officially take over pending the approval of the shareholders and board in June. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, the company said. Marumoto would continue to serve as an adviser, the Nikkei newspaper reported separately on Friday. Mazda said incumbent representative director and chairman of the board Kiyotaka Shobuda would remain in his post.

☆ Mazda to nominate former North America head as the next CEO
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: +1 min

Mazda will appoint Masahiro Moro, director and senior managing executive officer, as its new president and CEO, the Japanese automaker said on Friday. The 62-year-old, a 40-year company veteran who previously served as the head of the automaker's North America operations, will officially take over pending the approval of the shareholders and board in June. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, the company said. Marumoto would continue to serve as an adviser, the Nikkei newspaper reported separately on Friday. Mazda said incumbent representative director and chairman of the board Kiyotaka Shobuda would remain in his post.

The EU law would require all new cars sold from 2035 to have zero CO2 emissions, making it effectively impossible to sell new fossil fuel-powered cars. E-fuels, like e-kerosene, e-methane, or e-methanol, are made by synthesizing captured CO2 emissions and hydrogen produced using renewable or CO2-free electricity. Germany and Italy want clearer assurances from the EU that sales of new ICE cars can continue beyond 2035, if they run on CO2-neutral fuels. Most major carmakers are betting on battery-electric vehicles - a technology that is already widely available - as the main route to cut CO2 emissions from passenger cars. Supporters say e-fuels offer a route to cut the CO2 emissions of our existing passenger car fleet, without replacing every vehicle with an electric one.

☆ Factbox: Tesla investor day gives a rare look at executive bench
▼ + stars: | 2023-03-02 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +4 min

LARS MORAVY, VICE PRESIDENT, VEHICLE ENGINEERINGThe former Honda (7267.T) engineer joined Tesla in 2010. PETE BANNON, VICE PRESIDENT, HARDWARE ENGINEERINGThe former Apple engineer leads a team that creates the Full Self-Driving hardware. He has served as senior vice president for powertrain and energy engineering since October 2019. FRANZ VON HOLZHAUSEN, SENIOR DESIGN EXECUTIVEThe former director of design for Mazda North America joined Tesla in 2008. LAURIE SHELBY, VICE PRESIDENT, EHS&S (Environmental, Health, Safety, and Security)Shelby joined Tesla in 2017.

☆ Factbox: As Tesla prepares a Mexico plant, a look at auto plants in Mexico
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel BecerrilFeb 28 (Reuters) - Mexico has long been a manufacturing hub in North America for multiple automakers, and the country is trying to position itself for the wave of electric vehicles (EVs) to come. The auto sector is a driver of Mexico's major manufacturing industry, which is heavily integrated into U.S. and Canadian supply chains. Mexican officials on Tuesday said Tesla Inc (TSLA.O) is the latest automaker with plans to build a plant in Mexico. Here are major automakers with plants in Mexico -General Motors Co (GM.N)Silao Plant in the central city in Guanajuato state, produces Chevrolet and GMC full-size pickup trucksRamos Arizpe Plant in the northern city in Coahuila state, builds the Chevrolet Equinox and Blazer SUVs now and will build the 2024 Blazer EV and Equinox EVSan Luis Potosi Plant in the state capital of the central state of San Luis Potosi, produces the Chevrolet Equinox and GMC TerrainFord Motor Co (F.N)Cuautitlan Assembly plant in the central city of Cuautitlan Izcalli, produces Ford Mustang Mach-EHermosillo Assembly Plant in the state capital of the northern state of Sonora, produces Ford Bronco Sport and Ford MaverickToyota Motor Corp (7203.T)Toyota Motor Manufacturing de Baja California in the northern border city of Tijuana, Baja California, produces the Toyota Tacoma pickupToyota Motor Manufacturing de Guanajuato in Apaseo el Grande, Guanajuato, produces the Toyota TacomaStellantis (STLAM.MI)Saltillo Truck Assembly Plant in the state capital of Coahuila, produces Ram light and heavy-duty pickupsSaltillo Van Assembly Plant, makes the Ram ProMaster vanToluca Assembly Plant, produces the Jeep CompassNissan Motor Co (7201.T)Nissan Mexicana (Cuernavaca) in the central city of Jiutepec, produces NP300 pickup truckNissan Mexicana (Aguascalientes 1 Plant) in the central city of Aguascalientes, produces March, Versa, KicksNissan Mexicana (Aguascalientes 2 Plant), produces SentraNissan also has a joint venture plant with Mercedes (MBGn.DE) in Aguascalientes, making the Infinti QX 50 and 55 SUVs, and Mercedes GLB SUVHonda Motor Co (7267.T)Honda de Mexico (HDM) in Celaya, Guanajuato, produces HR-VVolkswagen (VOWG_p.DE)Volkswagen de México in Sanctorum, Puebla, produces Jetta, Tiguan, TaosVW's Audi unit in San José Chiapa, Puebla, produces Audi Q5 premium SUV and plans to start manufacturing EVs by 2027Mazda Motor Corp (7261.T)Mazda de Mexico Vehicle Operation (MMVO) in Salamanca, Guanajuato, produces Mazda2, Mazda3, Mazda CX-30Kia AmericaHyundai Motor Co's (005380.KS) Kia has a plant in Pesqueria, Nuevo Leon, produces Kia Forte, RioBMW AGBMW Plant in San Luis Potosi, produces BMW 3 Series, 2 Series and will produce fully electric "Neue Klasse" modelsSOURCES: Carmakers and Auto Forecast SolutionsCompiled by Kannaki Deka in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ These are the best car brands of 2023
▼ + stars: | 2023-02-17 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Consumer Reports released a list of top car brands Thursday. Consumer Reports released its list of the top car brands for 2023 on Thursday. Taking the bottom five spots are Mitsubishi, Alfa Romeo, Jaguar, Jeep, and Land Rover, with Land Rover at the very bottom. Consumer Reports ranked brands first by determining a road-test score using braking, handling, comfort, convenience, and fuel economy evaluations. The other domestic brands fell in the bottom-third of the rankings.

☆ Just How Good for the Planet Is That Big Electric Pickup Truck?
▼ + stars: | 2023-02-17 | by ( Elena Shao | ) www.nytimes.com time to read: +11 min

But as electric vehicles have bulked up, they have also faced new questions over their environmental and safety impacts. Less emissions per mile More emissions per mile Electric vehicles Vehicle SIZE, BY WEIGHT: Heavier vehicles tend to have higher emissions. Take the Ford F-150 pickup truck compared with the electric F-150 Lighting. The same beeswarm chart as in the previous graphic, but Ford F-150 Lightning and Ford F-150 gas-powered models are highlighted. Larger batteries have also added significant weight to many big electric vehicles, anywhere from hundreds to thousands of pounds.

☆ A year into war, Ukraine's Zelenskiy defies Putin against the odds
▼ + stars: | 2023-02-15 | by ( Tom Balmforth | ) www.reuters.com time to read: +7 min

[1/4] Ukraine's President Volodymyr Zelenskiy sings the national anthem during his visit in Kherson, Ukraine November 14, 2022. Nor does Russian President Vladimir Putin, who launched his "special military operation" in Ukraine on Feb. 24, 2022 and appears to be preparing for a long war. They underestimated his leadership qualities," said Volodymyr Fesenko, a Kyiv-based analyst who said Putin misjudged Zelenskiy. "(Putin) prepared a special operation not a full-fledged war ... because he thought Zelenskiy and the Ukrainian army were weak and that they would not be able to put up lengthy resistance. Anton Grushetsky, deputy director of the Kyiv International Institute of Sociology, put public trust in Zelenskiy at 70% to 80%.

☆ Tesla just ignited a price war in electric vehicles. Investors should see it as an opportunity
▼ + stars: | 2023-02-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +11 min

The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.

☆ Car buyers frustrated with inventory shortages should head to a Ford or GM dealer
▼ + stars: | 2023-02-03 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

In January, dealers were sitting on 37 days' supply, with about 21 days for cars and 41 days for trucks, according to a Deutsche Bank note Thursday. The domestic automakers had higher days' supply than others, with Ford at 60 days, GM at 52 days, and Stellantis (the merger of Fiat Chrysler and the French PSA Group) at 68 days, per Deutsche Bank. Even with inventory improvements, car-buyers need to look out for high interest rates and loan payments. Kekyalyaynen / Shutterstock.comBeware high interest rates and loan paymentsJust because there are available vehicles, that doesn't mean demand for cars is waning. Some automakers' loan payments are much higher than others, pricing buyers out of the market.

☆ I drove the new Nissan Z. It's a beautiful, $50,000 retro-modern sports car with a few pesky flaws.
▼ + stars: | 2023-02-03 | by ( Alanis King | ) www.businessinsider.com time to read: +10 min

The 2023 Nissan Z is the start of a new era for Nissan's famous "Z" sports car. The 2023 Nissan Z. Alanis KingThe Z has always been special. The 2023 Nissan Z. NissanBut the Z isn't just pretty — it's usable, especially for a two-door sports car. The 2023 Nissan Z. Alanis KingAll of this would have been fine at a lower cost. The 2023 Nissan Z. Alanis KingI think the Z is the right car for a lot of people.

☆ Car prices could drop 20% this year. Here's where to expect the best deals first.
▼ + stars: | 2023-02-01 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com time to read: +3 min

After years of high prices and low inventory, car buyers might finally see things go their way. Consider certain brands or vehicle types if you’re car shopping in 2023. As a result, JPMorgan says, used car prices could fall by as much as 20% in 2023, and new car prices could drop by 5%. "The biggest, fastest drop in prices in returning toward normal, pre-pandemic prices would probably be in those segments," Brauer said. Pickup trucks, though popular in general, don't have great fuel economy, so prices have softened amid higher-than-normal gas prices, Brauer said.

☆ These are the 11 cheapest electric cars you can buy in 2023
▼ + stars: | 2023-01-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

We've found the 11 cheapest new EVs you can buy in 2023. Chevrolet Bolt EVThe 2023 Chevrolet Bolt EV. ChevroletRetail price: $27,800EPA-estimated range: 247 milesQualifies for EV tax creditChevy recently introduced a big brother for the Bolt EV, the Bolt EUV. MazdaRetail price: $34,110EPA-estimated range: 100 milesMazda's first electric model disappoints in the all-important range department. KiaRetail price: $39,550EPA-estimated range: 253 milesThe Kia Niro gets bold new looks for the 2023 model year.

☆ Japan's Suzuki to invest $35 bln through 2030 in EVs
▼ + stars: | 2023-01-26 | by ( Satoshi Sugiyama | ) www.reuters.com time to read: +2 min

Suzuki's announcement comes after other Japanese automakers have rolled out similar goals to catch up with European and U.S. rivals in the fast-growing battery EV market. Suzuki said it would introduce its first battery EVs, including small sport-utility vehicles and micro "kei" cars, in Japan in fiscal 2023. Suzuki plans to introduce battery EVs in Europe and India, and its first battery electric motorcycles globally, the following year. Suzuki plans to learn from Toyota how to use EV technology to make small electric cars, Suzuki said during a visit to India this month. "We will put in vehicles for various price ranges, for various people, for various regions," Toshihiro Suzuki said.

☆ Twitter, ad verification firms team up to give advertisers tweet-level analysis
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

Jan 25 (Reuters) - Twitter Inc will team up with digital ad verification companies Integral Ad Science (IAS.O) and DoubleVerify Holdings Inc (DV.N) to provide advertisers tweet-level analysis on content appearing next to their ads, the companies said on Wednesday. IAS and DoubleVerify, who have both previously partnered with Twitter, use technology to independently verify that digital ads are viewed by real people. Advertisers use the services to ensure the ads they pay for are seen by potential customers and not automated bots. Musk has been fighting to retain clients as many companies, including General Motors (GM.N) and United Airlines (UAL.O), had paused or pulled back from advertising on the platform. Many advertisers including Dyson, Mazda, Forbes and PBS Kids suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography.

☆ Twitter, ad verification company partner to give advertisers tweet-level analysis
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

Jan 25 (Reuters) - Twitter Inc and Integral Ad Science (IAS.O), a digital ad verification company, will team up to provide advertisers tweet-level analysis on content appearing next to their ads, the companies said on Wednesday. "Marketers are looking for confidence to continue to invest in Twitter and eventually grow their investment in Twitter... and that is what this is all about," said Craig Ziegler, senior vice president, Product Management of Integral Ad Science. IAS will also give advertisers measurement for brand safety, an industry term to protect its online reputation and evaluate content that is next to an ad at the tweet level. Musk has been fighting to retain clients as many companies, including General Motors (GM.N) and United Airlines (UAL.O), had paused or pulled back from advertising on the platform. Many advertisers including Dyson, Mazda, Forbes and PBS Kids suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography.

☆ Why some cars from the 1990s are soaring in value
▼ + stars: | 2023-01-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

CNN —Not that long ago, cars from the 1990s were just used cars. In addition to insuring collectible cars, Hagerty also owns the auction company Broad Arrow. Values for 1990s-era collectible cars have risen by an average of 78% over the past three years, “which is huge,” Rabold said. Cars from the ’90s have at least some modern comfort and safety features, and even relatively inexpensive cars can have respectable power and performance. We’re talking about “collectible” cars.

☆ Biden, Kishida to discuss Japan ‘stepping up’ security
▼ + stars: | 2023-01-13 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

The Oval Office meeting and signing ceremony at NASA’s Washington headquarters will cap a weeklong tour for Kishida that took him to five European and North American capitals for talks on his effort to beef up Japan’s security. Japan’s defense spending has historically remained below 1% of GDP. “Japan is stepping up and doing so in lockstep with the United States,” White House National Security Council spokesman John Kirby said. Kishida also discussed with Canadian Prime Minister Justin Trudeau, Italian Prime Minister Giorgia Meloni and French President Emmanuel Macron his hopes to improve security cooperation between Japan and their respective nations. “Those days are gone.”Biden administration officials have praised Japan for stepping up in the aftermath of Russia’s invasion of Ukraine.

☆ Biden and Kishida discuss Japan ‘stepping up’ security
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: +7 min

Inside the Oval Office, the U.S. president praised Japan for its "historic" increase in defense spending and pledged close cooperation on economic and security matters. Japan's defense spending has historically remained below 1% of GDP. "Japan is stepping up and doing so in lockstep with the United States," White House National Security Council spokesman John Kirby said. Kishida also discussed with Canadian Prime Minister Justin Trudeau, Italian Prime Minister Giorgia Meloni and French President Emmanuel Macron his hopes to improve security cooperation between Japan and their respective nations. Kishida met with Vice President Kamala Harris on Friday before his meeting with Biden to discuss U.S.-Japan space cooperation and other issues.

☆ Car prices could drop 20% next year. Here's where to expect the best deals first.
▼ + stars: | 2022-12-19 | by ( Tim Levin | Alexa St. John | ) www.businessinsider.com time to read: +3 min

☆ Indian shares set for weak open on U.S. recession fears, hawkish cenbanks
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 16 (Reuters) - Indian shares are set to open lower on Friday, on recession fears in the U.S. and hawkish commentary by major central banks, following their U.S. counterpart. Adding to the woes of Indian markets could be the crude prices, which looked poised to end the week higher after projections of a demand revival. Foreign institutional investors sold 7.11 billion rupees ($85.81 million) worth of equities on a net basis on Thursday, while domestic investors bought 2.61 billion rupees of shares, as per provisional NSE data. ** Hindustan Petroleum Corporation (HPCL.NS): Co approves proposal to borrow up to 100 billion rupees in a private placement. ($1 = 82.8600 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ 'Global contenders': BofA names stocks with earnings momentum that look cheap
▼ + stars: | 2022-12-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Looking ahead, however, BofA expects "defender" stocks with falling earnings momentum to underperform the MSCI AC World Index. Stocks that are 'global contenders' Against this backdrop, BofA identified stocks that are "inexpensive" but have strong earnings momentum and price momentum. "Our back-testing and subsequent performance show that stocks with above-average earnings momentum tended to outperform, stocks with above-average price momentum tended to outperform, but stocks with both the characteristics tended to perform even better," it wrote. These stocks have outperformed the MSCI AC World Index by 6.9% year-to-date, the bank said. The bank's "global contenders" screen contains 30 stocks including: U.S.: Gaming company Electronic Arts , energy tech firm Enphase Energy , health care company Jazz Pharma , and beauty firm Ulta Beauty .

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