(Reuters) -Quebecor said on Wednesday it will pull its ads from Facebook and Instagram, following Meta Platforms’ decision to stop access to news on the platforms in Canada over a law requiring payments to local news publishers. The “Online News Act”, or House of Commons bill C-18, introduced in April last year laid out rules…
MILAN (Reuters) – Stellantis on Wednesday unveiled its new ‘STLA Medium’ vehicle platform, the first of four new electric-centric bases that will underpin all future models made by the world’s fourth largest carmaker by sales. Stellantis, formed at the beginning of 2021 through the merger of Fiat Chrysler and Peugeot maker PSA, sold around 6…
(Reuters) – Chinese auto brands are on track to account for just over 50% of the cars sold in their home market this year thanks to a growing dominance in electric vehicles, consultancy AlixPartners said on Wednesday. It would represent the first time Chinese automakers have controlled a majority share of China’s car market –…
SHANGHAI (Reuters) -Chinese electric-vehicle maker Xpeng forecast sharp growth in deliveries in the second half of the year thanks to its new model that is taking on Tesla with competitive prices and smart-driving technologies. Xpeng has received a “significant” amount of orders for its newly launched G6 pure electric crossover, president Brain Gu told reporters…
(Reuters) -Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from the first, a positive sign for the startup that has been grappling with a cash crunch and stiff competition. The company said retail sales of its trucks doubled to 66 in the quarter, while wholesale…
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large investments in chip production in Germany, a welcome trend as Europe looks to reduce its reliance on China when it comes to strategically important industries. “I know of other plans by German companies and many others,” Scholz…
By Mai Nguyen (Reuters) – China said on Monday it will impose export restrictions on gallium and germanium products used in computer chips and other components to protect national security interests. The decision, widely seen as retaliation for U.S. curbs on sales of technologies to China, raised concerns that China might eventually limit exports of…
TOKYO (Reuters) – Tesla Inc cut prices in Japan of its Model 3 and Y electric vehicles by low single-digit percentages from the start of this month, it said on Tuesday. The company slashed prices for all variants of its lower-priced Model 3 by about 3%, its website showed, while reducing those of all Model…
By Emilio Parodi MILAN (Reuters) – Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the U.S. company with a bill of around 870 million euros ($925 million) and prove a test case for the tech sector. Although a…
LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal ruled on Tuesday, dismissing the tech giant’s appeal in a long-running dispute with a U.S. patent holder. Texas-based Optis Cellular Technology LLC sued Apple in 2019 over its use of patents which Optis says are…
