Toyota invests an additional $500 million in air taxi startup
Automaker's cash infusion into Joby Aviation will help the California-based company begin commercial operations in late 2025 go through Chris Chilton October 2, 2024 20:30 Toyota also invested $500 million in California-based air taxi startup Joby Aviation. The cash, which will be split into two tranches, is expected to allow Joby to begin flying commercially in 2025. The new capital injection brings Toyota's total investment in Joby to $894 million. Toyota is investing $500 million in an air taxi startup that plans to begin commercial flights next year. The automaker has been working with California-based Joby Aviation since 2020, and the latest cash infusion brings Toyota's total investment in the company to $894 million. Joby will receive the new cash in two tranches, with the first arriving in Santa Cruz later this year and the remainder due in 2025, the year the company hopes to truly launch its electric air taxi business. RELATED: Toyota invests $394 million in bet on…
Canada to impose 100% additional tax on Chinese electric vehicles
Canada imposes high taxes on Chinese electric vehicles to protect its auto industry Canada has announced plans to impose an additional 100% tax on Chinese electric vehicles, which would be added to the current 6.1% import tariff. The move is aimed at protecting the country's automotive industry, which employs more than 125,000 people. Canadian officials said the move was necessary because Chinese companies benefited from "unfair, non-market policies and practices." In response to China-made electric cars being the latest nightmare, Canada’s Department of Finance announced a series of “level playing field measures.” The biggest of these is a 100% surcharge on all Chinese-made electric cars effective October 1. The tax will be in addition to the current 6.1% import tariff on certain electric and hybrid "passenger cars, trucks, buses and delivery vans." In addition, the government announced plans to impose a 25% surcharge on steel and aluminum products imported from China starting October 15. Additional surcharges may be imposed as…
The twelfth round of sanctions against Russia: additional
exist December 18, 2023 The EU Council adopted the twelfth round of sanctions against Russia. I. List of Newly Registered Sanctioned Individuals and Entities: 140 new individuals and entities The targeted individuals and entities belong specifically to the following industries: Russian military and defense, including private military companies; Information Technology Department. Also includes: those who planned the recent illegal “elections” on Ukrainian territory; Those responsible for the forced “re-education” of Ukrainian children; People who spread false information/propaganda. II. Trade Measures: New import and export bans and restrictions A. Ban on importing Russian diamonds The start time of this ban varies depending on the nature of the imported diamonds: By January 1, 2024 at the latest: non-industrial diamonds mined, processed or produced in Russia; From March 1, 2024: Russian diamonds polished in third countries; From September 1, 2024: Laboratory diamonds, jewellery and watches containing diamonds. To ensure the effectiveness of these measures, a traceability mechanism will be established, which will, for…
Ford BlueCruise now available in 15 additional European countries
The system is available on 83,000 miles of designated highways. The longest stretch of highway stretches from Sweden to Italy, covering more than 1,800 miles. BlueCruise is currently only available on the Mustang Mach-E in Europe. While Tesla's semi-autonomous driving system has received more attention than other competing brands' devices, Ford's BlueCruise system has made significant progress because it has been approved by the European Commission for use in 15 European countries. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); The Level 2 “hands off, see” system is already available in Germany, the UK and Spain, but if a dozen more countries were added it would be much more flexible and ideal for long-distance trips across the continent. Read: NHTSA investigating Ford's BlueCruise ADAS after fatal nighttime crash The Mustang Mach-E is currently the only Ford model available in Europe with the latest and most powerful BlueCruise…
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