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The filing said those claims are "unambiguous violations of the Consent Injunction, and the Court should hold him in civil contempt." A representative for Giuliani, Ted Goodman, called the motion "a dishonest and duplicitous attack meant to deprive Mayor Rudy Giuliani of his First Amendment right to freedom of speech." "The ongoing lawfare against Mayor Giuliani must end," he said in a statement. Giuliani was found liable for defaming the pair during his efforts on Trump's behalf to overturn the results of the 2020 election. Moss and Freeman's attorneys urged the judge to stick with the current trial date, which was set last month.
Persons: Donald Trump, Rudy Giuliani, Ruby Freeman, Shaye Moss, Giuliani, he'll, , Ted Goodman, Mayor Giuliani, Freeman, Moss, Lauren Bacall, Aaron Nathan, District Judge Lewis Liman, Plaintiff, Trump's Jan Organizations: Washington , D.C, America's, Mayor, Benz, U.S, District Locations: Georgia, Washington ,, New York, Florida
Authorities announced an arrest Monday in the brutal murder of an exotic dancer whose body was discovered in a burning car on an Arizona interstate more than a year ago. Vega’s mother, Erika Pillsbury, said that for 19 months she felt like her daughter would never see justice. On April 18, the Charger was found in the middle of a road roughly one mile from Vega's apartment, the sheriff’s office has said. The sheriff's office has declined to comment. The 911 caller who reported the car fire saw someone walking around the Malibu, according to the report, which did not provide additional details about the person.
Persons: Sencere Hayes, Mercedes Vega, Hayes, Vega’s, Erika Pillsbury, , ” Pillsbury, Mercedes Vega Erika Pillsbury Vega’s, Vega Organizations: Maricopa County Sheriff’s, Chevy Malibu, NBC News, Authorities, Farm Insurance Locations: Arizona, Tennessee, Maricopa County, Tonopah, Phoenix, Malibu
But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years. He predicted that only seven major car companies would eventually be left in China. Xpeng CEO He Xiaopeng doesn't think most Chinese carmakers will survive the next decade. AdvertisementMercedes-Benz CEO Ola Källenius took a similar position to He when asked about the threat posed by Chinese EV makers at the Berlin Global Dialogue conference in October. Chinese carmakers like BYD have also attempted to conquer the global electric vehicle market.
Persons: Xiaopeng, Ola Källenius, Källenius, Stephen Dyer, BYD, Brian Gu Organizations: EV, Singaporean, The Straits Times, Business, CNA, Benz, Berlin Global, Getty, , Wall Street Journal, Research, BI Locations: China, Xpeng, Thailand, Brazil
A convicted identity thief who admitted to posing as a nurse in Virginia nearly a decade ago is accused of impersonating nurses in at least two hospitals in Southern California this year, authorities said. Porter, who does not have a nursing license, was charged with identity theft, false impersonation and grand theft, the department said. Prior to her arrest in that case, the department said, Porter was in custody over similar allegations linked to a hospital in nearby Santa Clarita, California. During her first five shifts at the hospital, she was under the supervision of a training nurse, the facility said. The hospital added that Porter, who is not named in the hospital's statement, was under the supervision of a nurse and there was no indication of compromised care.
Persons: Amanda Porter, Porter, Henry Mayo Organizations: Angeles County Sheriff's, Social, Ford, Providence Saint Joseph Medical, Hospital, Henry Mayo Newhall Hospital, Burbank Locations: Virginia, Southern California, Burbank, Santa Clarita , California, Angeles County, New York, Norfolk, Santa Clarita
The California Department of Insurance said the "bear" was actually a person in a costume. AdvertisementFour Californians said a bear damaged their luxury car, but insurers have accused them of insurance fraud involving someone dressed in a bear costume. However, CDI investigators determined that the "bear" in the footage was actually a person wearing a bear costume, the press release said. Insurance fraud is a major issue in the US. According to the Coalition Against Insurance Fraud, it costs the country over $300 billion annually.
Persons: , — Ruben Tamrazian, Vahe Muradkhanyan, Alfiya Zuckerman —, Royce, Mark Friedlander, Friedlander Organizations: California Department of Insurance, Service, CDI, California Department of Fish, Wildlife, San Bernardino County, Coalition Against Insurance, Insurance Information Institute, Fox Business, US Bureau of Labor Statistics Locations: California, Los Angeles, Ararat Chirkinian, Lake Arrowhead , California, San Bernardino, California , New York, Florida
While some athletes celebrate their first big paycheck with a splurge — NFL star Travis Kelce dropped $10,000 on a limited-edition pair of sneakers, Shaquille O'Neal spent $150,000 on a Mercedes Benz — WNBA star Cameron Brink hasn't touched hers. Brinks says she's saved about 90% of her total earnings from her first year in the league, adding that the WNBA isn't the principal driver of her income. "I want to ensure that I'm setting myself up for a comfortable lifestyle down the line because I definitely don't want to be working forever." Brink, who in college signed an endorsement deal with New Balance to become the brand's first female basketball player, had an NIL valuation topping $200,000 while at Stanford University, Sports Illustrated reports. In a league where player salaries are still as low as they are, such sponsorships can make all the difference.
Persons: Travis Kelce, Shaquille O'Neal, Cameron Brink, Caitlin Clark —, Brinks, she's, Brink, Taylor, Steph Curry, Armour, Chase Organizations: NFL, Benz, WNBA, Los Angeles Sparks, CNBC, Stanford University, Sports, Women's, Basketball Players, Vogue Business, Golden State Warriors
AdvertisementThe BMW X2 is a subcompact luxury SUV that competes against the Mercedes-Benz GLA and the Audi Q3. I recently drove a 2024 BMW X2 xDrive28i that was loaded with optional extras. The subcompact premium SUV segment has become increasingly competitive in recent years. I recently reviewed a 2024 BMW X2 xDrive28i with an as-tested price of $52,745. Here's a closer look at some of the BMW X2's coolest features, which help make it a standout entry-level luxury SUV.
Organizations: Mercedes, Benz GLA, Audi, BMW, Luxury, Benz, Lexus
At 58 years old, Tyson will fight Jake Paul, the 27-year-old YouTube-star-turned-boxer who wasn’t even born when Tyson’s career was in its prime. It’s Tyson’s first sanctioned professional match since 2005. Lewis largely controlled the fight, as the champion survived Tyson’s round one onslaught and controlled the pace with strong jabs. The loss accelerated the end of Tyson’s professional career. His final professional bout — until Friday’s against Paul — came against McBride in 2005.
Persons: Mike Tyson, Tyson, Jake Paul, wasn’t, It’s Tyson’s, Kevin McBride, He’s, Evander, Mike ”, , , MIKE TYSON, JAKE PAUL, beckons, Mike ’, Hector Mercedes, Trevor Berbick —, Muhammad Ali —, Mike, ” Tyson’s, Jim Jacobs, Trevor Berbick, Tony Tucker, Michael Spinks, Buster Douglas, Douglas, Tucker, Spinks, Robin Givens, Evander Holyfield, Holyfield Tyson, Holyfield, Jeff Haynes, Francois Botha, Orlin Norris, Lou Savarese, Lennox Lewis, Lewis, Clifford Etienne, Paul —, McBride, ” Tyson, Paul J, Richards, Phil Collins ’ “, Zach Galifianakis, Alan, Roy Jones Jr, outlanding Jones, Paul, Nate Robinson, Friday’s Tyson, , Timothy A, Clary Organizations: T, NETFLIX, Netflix, netflix, WBA, WBC, IBF, MGM, Getty, XIV, , Texas Department Locations: Arlington , Texas, Albany, N.Y, Tokyo, Nevada, California, Miami, Los Angeles
Giuliani also told his bank to turn over at least $30,000 in a bank account, according to a Friday court filing. If Giuliani didn’t give up the full list of items ordered by a judge last month, he could be held in contempt of court. Giuliani has indicated in court proceedings one watch is from his grandfather and two others were gifts from European leaders after the September 11, 2001, attacks. The pair are also still fighting in court to try to win his $3.5 million Palm Beach, Florida, condo and four Yankees World Series rings from the 1990s and 2000. Giuliani is still arguing he should be able to keep living in the Palm Beach condo and Manhattan apartment, and that he gave the World Series rings to his son years ago.
Persons: CNN — Rudy Giuliani, Giuliani, Joseph Cammarata, Ruby Freeman, Shaye Moss, Donald Trump, Moss, Ted Goodman, Goodman, he’s, ” Goodman, Freeman, Giuliani’s, , ” Cammarata, Rudolph Giuliani, Lauren Bacall, CNN’s Kara Scannell, Emily Condon Organizations: CNN, Benz, FedEx, Beach, Yankees, Freeman, Mercedes Locations: New York City, Georgia, New York, Florida, Staten Island, Long, York, Beach , Florida, Palm, Manhattan, Palm Beach
The attorneys who've been defending Rudy Giuliani in a case seeking to force him to turn over his assets to two former election worker he defamed are asking a judge permission to drop him as a client. “Mayor Giuliani has not been informed by Mr. Caruso of this action. Surely Mr. Caruso would talk to the mayor, or at the very least inform him of such a decision,” Goodman said. In court last week, Giuliani said he was unsure where his valuables were, a claim the judge called "farcical." Nathan told the judge he'd discovered that numerous items had been moved from Giuliani's apartment in recent weeks, despite the turnover order.
Persons: who've, Rudy Giuliani, Giuliani, Donald Trump, Ken Caruso, David Labkowski, Ted Goodman, Ruby Freeman, Shaye Moss, “ Mayor Giuliani, Caruso, ” Goodman, he'd, District Judge Lewis Liman, Aaron Nathan, Freeman, Moss, Liman, Joe DiMaggio, Lauren Bacall, Nathan Organizations: , U.S, District, New, CTS Locations: Georgia, Giuliani's, New York
It is 1985 and the heavyweight is about to make his professional boxing debut. His last professional fight came in a loss to Kevin McBride more than 19 years ago, and his last exhibition fight was four years ago when, coincidentally, Paul was fighting in just his second professional fight on the undercard of that very event. “The second thing I worry about is, this is a fighter who was had many, many years of professional boxing under his or her belt. Tyson will return to professional boxing 19 years after his last bout. Tyson's (right) last professional fight came in 2005 when he lost to Ireland's Kevin McBride (left).
Persons: Mike Tyson, Tyson, Hector Mercedes, Mike ”, Jake Paul, Kevin McBride, Paul, neurologically, Nitin K Sethi, ” Sethi, , Stephen McCarthy, Sethi, , there’ll, , ” Tyson, He's, Mark Young, Manny Millan, Sugar Ray Robinson, George Foreman, Evander Holyfield, Larry Holmes, Harrison Martland, Pablo Martinez Monsivais, ’ ”, ’ “, I’ve, I’m, ’ There’s, Organizations: CNN, T, Dallas Cowboys, Weill Cornell Medical College, , ” CNN, Latham Coliseum, New York State Athletic, Texas Department, World Medical,
Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. Lawyers representing Rudy Giuliani in a lawsuit related to a massive defamation judgment against him are seeking to quit the case in New York federal court, citing significant disagreements with the former Trump campaign attorney over how to handle the matter. Giuliani's spokesman, Ted Goodman, in a statement to CNBC, said, "Mayor Giuliani has not been informed by Mr. Caruso of this action." Giuliani represented Trump on the heels of the 2020 election, when the then-president was seeking to reverse his loss to President Joe Biden. Giuliani during that time falsely claimed that Ruby Freeman and Wandrea Moss committed ballot fraud at a Georgia vote-counting site.
Persons: Rudy Giuliani, Kenneth Caruso, David Labkowski, Donald Trump, Caruso, Judge Lewis Liman, Liman, Giuliani, Ted Goodman, Mayor Giuliani, Goodman, Joe Biden, Ruby Freeman, Wandrea Moss Organizations: New, Lawyers, Trump, New York City, CNBC, Washington , D.C, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Washington ,
He said his signed Joe DiMaggio jersey was in a Long Island storage facility he had no access to. An employee reached by phone on Thursday told Business Insider the warehouse was a "patriotic venue," not a storage facility. A business on the same lot, Corporate Transfer, is advertised as a storage facility. Asked after court what the holdup with the storage facility might be, Giuliani told BI he didn't know. Giuliani was also ordered to continue working with the plaintiffs on getting access to the storage facility.
Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, Giuliani, Joe DiMaggio, , Joltin, Joe, Rudy Giuliani's, DiMaggio, Moss, Kenneth Caruso, Freeman's, Caruso, Judge Lewis Liman, Joe DiMaggio's, Freeman, he'd, Marjorie Taylor Greene, Chaya Raichik, Kellyanne Conway, Joseph Verderber Jr, didn't, Mercedes, Lauren Bacall, Aaron Nathan said, Donald Trump, Nathan, We've, he's, Guiliani, Trump's, Joe Biden Organizations: Service, Trump, Freeman, US, Giuliani, America, New, New York City, Mercedes Locations: New York, , New York, Rudy Giuliani's Manhattan, Georgia, Manhattan, Long, Ronkonkoma
It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.
Persons: Donald Trump, Ralph Lauren, , Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP
His signed Joe DiMaggio jersey is in a Long Island storage facility he has no access to, he said. An employee reached by phone Thursday told Business Insider that the warehouse is a "patriotic venue," not a storage facility. A business located on the same lot, Corporate Transfer, is advertised as a storage facility. Joe DiMaggio's jersey is no longer on the wall of Rudy Giuliani's apartment, lawyers in his $148M defamation case say. Asked after court what the holdup with the storage facility might be, Giuliani told Business Insider he didn't know.
Persons: Rudy Giuliani, Ruby Freeman, Shaye Moss, Joe DiMaggio, , Joltin, Joe, Rudy Giuliani's, Giuliani, DiMaggio, Moss, Kenneth Caruso, Caruso, Judge Lewis Liman, It's, Joe DiMaggio's, Freeman, Marjorie Taylor Greene, Chaya Raichik, Kellyanne Conway, Joseph Verderber, didn't, Mercedes, Lauren Bacall, Aaron Nathan, Donald Trump, Nathan, We've, Shaye, He's, he's, Guiliani, Donald Trump's, Biden Organizations: Service, Freeman, US, Giuliani, The, Mercedes Locations: NY, , New York, Rudy Giuliani's Manhattan, Georgia, Manhattan, Long, Ronkonkoma, New York
“The notion that your client doesn’t have any knowledge of where his assets are located is farcical," Liman told Giuliani lawyer Ken Caruso. Giuliani told reporters Thursday that "they lied" about items being moved. In court, Caruso told the judge it was "vindictive" of Freeman and Moss to ask for the watch, a claim the judge angrily shot down. “All the property must be turned over to the receiver, and if not I will hold him in contempt,” the judge said of Giuliani. "I did not defame them," he told reporters Thursday.
Persons: Rudy Giuliani, hasn’t, District Judge Lewis Liman, wasn't, Liman, Giuliani, Ken Caruso, Donald Trump, Ruby Freeman, Shaye Moss, Freeman, Moss, Joe DiMaggio, Aaron Nathan, Nathan, DiMaggio, He's, he's, Caruso, Mercedes, Lauren Bacall, you’re, ” Liman, Mercedes —, , , I’m, They’ve, defaming Freeman Organizations: U.S, District, Freeman, Mercedes Locations: Georgia, New York, Giuliani's, York, and New York, Ronkonkoma, Long, Hollywood, Florida
Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. "All the property must be turned over to the receiver and if not, I will hold him in contempt," the judge told Caruso, whose client was by turns angry, animated and frustrated during the proceeding. "The vast majority of physical property, we have no idea where it is," Nathan said at Thursday's hearing. Nathan alleged that Giuliani has opened secret bank accounts and created limited liability companies on the heels of the defamation verdict last year. Before he entered court Thursday, Giuliani fumed over a judge's order that he show up in person saying it is "like a political persecution."
Persons: Rudy Giuliani, Judge Lewis Liman, Giuliani's, Kenneth Caruso, Liman, Caruso, Ruby Freeman, Wandrea Moss, Aaron Nathan, Giuliani, Nathan, Donald Trump Organizations: New, Trump, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Palm Beach , Florida, Ronkonkoma, Long, Washington ,
Foreign automaker stocks slide on Trump tariff fears
  + stars: | 2024-11-06 | by ( Michael Wayland | ) www.cnbc.com   time to read: +3 min
Brian Snyder | ReutersDETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump. European-traded shares of BMW and Mercedes-Benz were off around 6.5%, while Porsche was down by 4.9% and Volkswagen declined 4.3%. Trump has repeatedly said he will increase tariffs on many products, including new cars and trucks from China, Europe and Mexico, where many automakers, including Europeans, have established manufacturing hubs. U.S.-traded shares of Japanese automakers Toyota Motor and Honda Motor also were down during intraday trading by roughly 1% and 9%, respectively. However, they still heavily rely on imports from other countries, including Mexico, to meet U.S. consumer demand.
Persons: Donald Trump, Sarah Huckabee Sanders, Brian Snyder, Donald Trump ., Li Auto, Nio, Trump, aren't, Shinji Aoyama, Aoyama, Stellantis Organizations: Arkansas, Reuters DETROIT —, BMW, Mercedes, Benz, Porsche, Volkswagen, Japanese, Toyota Motor, Honda, Nissan Motor, General Motors, Ford Motor, Chrysler, Toyota, Hyundai, Kia, Mazda, American Free Trade Locations: Flint , Michigan, U.S, China, Europe, Mexico, United States, Canada
Toyota and BMW both reported plunging profits on Wednesday. China's EV giants like BYD are squeezing out foreign automakers and increasingly expanding into the premium market. AdvertisementChina's EV giants are rising, putting foreign automakers under pressure in the world's largest car market. Toyota and BMW reported a drop in quarterly profits on Wednesday, with sales in China slumping for both companies as they face growing competition from local automakers like BYD. In China, meanwhile, Toyota is facing fierce competition from local EV giants like BYD.
Persons: , BYD, Xiaomi Organizations: Toyota, BMW, EV, Service, Sales, Mercedes, Audi Locations: China, Japan
I didn't want to be bouncing checks and living paycheck to paycheck, but I didn't know a way out. AdvertisementNow, I'm a millionaire, and I have to take money into consideration when parenting my kids. I buy my kids cars but save the flashy vehicles for meI want all my kids to earn the things they have. I told him that I love him, but there's no way I'm spending $22,000 on a baseball game. Admittedly, we have a long driveway, but there's no way I'm buying him a golf cart.
Persons: John Wetmore, He's, , didn't, I'd, I'm, I've, they've, Mercedes Organizations: Force, Service, Little, Ohio State University, GMC
Rudy Giuliani has yet to surrender any of the valuables he was ordered to turn over to the two election workers he defamed, their lawyers say — including the Mercedes he was spotted riding around in Tuesday in Palm Beach, Florida. That includes some of Giuliani's prized Yankees memorabilia, including a signed Joe DiMaggio jersey and an autographed Reggie Jackson picture. Citing Nathan's allegations, Liman on Tuesday ordered Giuliani to appear before him in New York on Thursday, and rejected a request from Giuliani's lawyer that the hearing be held remotely or in-person next week. He also said that Freeman and Moss were trying to leave the former New York City mayor "penniless and homeless," and that Giuliani wasn't being evasive. "Mayor Giuliani has made available his property and possessions as ordered.
Persons: Rudy Giuliani, Mercedes, Donald Trump, Lauren Bacall —, Giuliani, Ruby Freeman, Wandrea, ” Moss, District Judge Lewis Liman, Aaron Nathan, Freeman, Moss, Giuliani's, Joe DiMaggio, Reggie Jackson, Nathan, Liman, Ted Goodman, haven't, Mayor Giuliani, Goodman, Trump's Organizations: Trump, Benz, U.S, District, Madison, Yankees, New, New York City, D.C Locations: Palm Beach , Florida, Giuliani's New York, Florida, New York, Washington, Arizona, Georgia
They are also trying to take possession, at the court’s direction, of Giuliani’s 26 luxury watches and a 1980 Mercedes-Benz he kept in Florida. The expensive furniture Giuliani had used in real estate photos of the property earlier this year was moved out four weeks ago, he said. Josh Ritchie/Bloomberg/Getty Images“We note that broadcasts, such as those described above, currently provide Mr. Giuliani’s only source of earned income,” Giuliani’s attorney, Kenneth Caruso, told the court. Moss and Freeman’s team have already complained to the judge about Giuliani using the car on Tuesday, submitting to the court the photos. Separately, Giuliani’s lawyers say the property that was in the Manhattan apartment is now in a storage facility on Long Island, but Freeman and Moss’ team say they are struggling to get access to the items there, too.
Persons: CNN — Rudy Giuliani, Donald Trump, Ruby Freeman, Shaye Moss –, Giuliani, , ” Freeman, Moss, Aaron Nathan, haven’t, Nathan, ” Nathan, Judge Lewis Liman, Giuliani’s, New York can’t, Rudy Giuliani, Josh Ritchie, , Kenneth Caruso, , Mike Lindell, Lauren Bacall, Freeman, Ted Goodman Organizations: CNN, Benz, Mandel Community, Bloomberg, Getty, Republican National Convention, Trump, Mercedes, Hollywood, Fire Department of New York, Yankees Locations: Florida, New York, Manhattan, Palm Beach, Palm Beach , Florida, Madison, Long
Silicon anodes vs. solid-state batteriesAnalysts say silicon anodes theoretically offer 10 times the energy density as graphite, which are commonly used in battery anodes today. Silicon anodes, for example, are known to swell significantly during charging, which reduces the battery's longevity. Especially in the West, advances in the area of silicon anodes [are] seen as strategic opportunity to catch up with China. Nonetheless, analysts remain skeptical about when solid-state batteries will actually make it to market. "However, there are significant technical challenges going to 100% silicon anode such as silicon expansion affecting the longevity of the batteries and currently there are several routes to produce silicon anodes," he added.
Persons: IDTechEx, carmakers, Venkat Srinivasan, Srinivasan, hasn't, Rory McNulty, McNulty, Georgi Georgiev, Georgiev, Taiwan's, Sila Nanotechnologies Organizations: Parc des, Chesnot, Getty, Mercedes, Porsche, GM, Center for Energy Storage Science, government's, government's Argonne National Laboratory, CNBC, EV, Benchmark Mineral Intelligence, Bloomberg, Fastmarkets, Toyota, Nissan, China's SAIC Motor Corp, ProLogium, Paris Locations: Parc, Paris, France, government's Argonne, Chicago, Siheung, South Korea, West, China, U.S
Thousands more jobs are under threat in Germany's beleaguered automotive industry. Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers. Union officials said Volkswagen plans to shut factories in Germany for the first time. AdvertisementGermany's auto industry is under intense pressure — and now thousands of jobs will go at a key company in the supply chain. Auto parts supplier Schaeffler said on Tuesday it would cut about 4,700 jobs across Europe and close two of its 10 locations in Germany.
Persons: Schaeffler, , Klaus Rosenfeld, Schaeffler's, Mercedes, BYD Organizations: Service, VW, BMW, Mercedes, Benz, Volkswagen, EV, EVs Locations: Germany, Europe, Frankfurt, Europe's, China, Hungary, Turkey
China said it plans to sue the European Union after the bloc cracked down on its EV giants. The EU imposed sweeping tariffs on Chinese EV companies, including BYD, last week. The measures have raised fears that China might retaliate by slapping its own tariffs on European automakers. The EU voted to impose sweeping tariffs on Chinese EV companies like BYD in October. Advertisement"With this in mind, the Commission takes note of the request for WTO consultations lodged by China.
Persons: , Xpeng Organizations: European Union, EV, Service, World Trade Organisation, EU, WTO, Business, Commission, Volkswagen, BMW, Mercedes Locations: China, European, Europe, Hungary, Turkey
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