Worldecr | China warns it to fight back Japanese exports
Home > information > China warns it to oppose Japan's export controls China warned it would take "necessary measures" to resist the recent announcement of export controls of more than a dozen semiconductor-related items. "Japan's new export control will seriously undermine normal business exchanges between the two countries and hurt businesses," the National Global Times report said. Beijing usually broadcasts official thoughts through such reports in state media. 'The semiconductor industry is highly global. Recently, some countries have repeatedly summarized the concept of national security, abused export control measures, and imposed sanctions on China's semiconductor sector, which seriously threatened the stability of the global semiconductor supply chain. ” Last month, Japan expanded its export controls to include more than a dozen semiconductor-related items, such as chip testing and manufacturing equipment, silicon wafers and optoshocks, and is scheduled to take effect by the end of May. In 2023, Japan joined the United States and the Netherlands, reaching restrictions on exports of…
Japan’s largest shipping company warns U.S. tariffs
Japan's largest shipping company Nippon Yusen (NYK), has raised concerns about the potential impact of new U.S. tariffs, warning that increasing costs of automobiles and consumer goods could weaken demand and slow the transportation of goods worldwide. Read Also: Navigating Tariff Uncertainty: How Supply Chain Managers Adapt and Prosper Tariffs and consumer impact NYK President Takaya Soga emphasized the indirect but significant impact of tariffs on consumers, noting that despite the lack of direct responsibilities of buyers, it ultimately led to higher prices and reduced trade volumes. "This is our biggest concern," Soga told Reuters in an interview. The warning is because U.S. President Donald Trump announced plans for 25% of plans for imports of cars and broader mutual trade measures to key partners, a move expected to have a severe impact on Japan's export-driven economy. Potential industry transformation Despite the challenges, NYK still sees potential opportunities in the trade war. Similar to the 199 pandemic disruption, delays in tariff-related…
Subaru warns you of price increases
Subaru built some models in Indiana and avoided the "Trump tax", but others were imported, which would greatly affect its prices Subaru reportedly warned dealers that current prices cannot be guaranteed due to Trump’s tariffs. If you buy a new car in the market, you may take action by April 2 to save thousands of dollars. Although the company builds a wide variety of vehicles in the United States, import tax rates could be subject to a 25% tariff. Subaru, vice president of vehicle planning and logistics in the U.S., reportedly warned retailers about imminent tariffs. While this information was clearly issued before President Trump proposed a 25% tariff on all auto imports, it highlights uncertainty in the industry. Lisa Quan said in the alleged letter that the company has been "actively assessing the potential impact of tariffs" and noted that they will inevitably increase the cost of doing business. Given the general uncertainty at the time, she said: "Current…
Worldecr | Microsoft warns AI export control threaten us
Home > information > Microsoft warns AI export control threaten U.S. leadership Microsoft's president Brad Smith warned that export restrictions on AI technology in the last few days of the Biden administration have risk undermining the competitiveness of the United States and may inadvertently benefit China. "The Biden administration's provisional AI provisional AI proliferation rules limit the export of Essential AI components to many fast-growing and strategically vital markets," Smith wrote in a company blog post published on February 27. "As drafted, the rule undermines the focus of two Trump administrations: strengthening our AI leadership and reducing the country's nearly trillion-dollar trade deficit."The Microsoft executive criticized the rules for putting several U.S. allies in the “second level” category that quantitatively limits the capabilities of U.S. technology companies to establish and expand AI data centers in their countries, including “many American friends such as Switzerland, Poland, Greece, Greece, Singapore, India, India, Indonesia, Israel, Israel, Ai Ai Ai Ai Ai Ai Ai…
Ford CEO warns Trump tariffs cause “chaos”
Ford CEO Farley warned that tariffs would raise the cost of popular models such as the Mustang Sports. Farley acknowledged the chaos but believed that the president's purpose was to strengthen the industry. Analysts predict Ford is less susceptible to tariffs than rivals General Motors and Stralandis. It is safe to say that Ford CEO Jim Farley is not a big fan of President Donald Trump's tariff proposal. The head of the Blue Oval had previously warned that cutting off China was a mistake for the U.S. auto industry. Now, Farley's center of concerns involves proposed tariffs on imports from Mexico and Canada. var adpushup = window.adpushup = window.adpushup || {que :()}; adpushup.que.push(function(){if(adpushup.config.platform!=="Desktop"){adp ushup.triggerad("0f7e3106 -c4d6-4db4-4db4-8135-c5088799a76a76af8") 82503191-E1D1-435A-874F-9C78A2A54A2F");}}); Speech ReutersThe CEO said he believes President Trump’s goal is to strengthen the U.S. auto industry, but made it clear that the current tariff trajectory has introduced “a lot of costs and a lot of confusion” in the picture. Can be stored Ford is…
U.S. auto lobby warns Trump of chaos if electric vehicle tax credits
U.S. automakers prefer gradual reduction of $7,500 electric vehicle tax credit rather than sudden cuts go through Brad Anderson 16 hours ago NADA president worries about the impact of eliminating tax credits. John Bozzella, president of the Alliance for Automotive Innovation, said the United States is far behind China. Ford CEO Jim Farley said production credits are "critical" to the auto industry. The incoming Trump administration is poised to reshape industries across the U.S., and the auto industry is bracing for potential upheaval. One of the most pressing concerns is the expected elimination of the $7,500 federal tax credit for electric vehicles (EVs), a move industry leaders fear could cripple the local EV market. John Bozzella, head of the Alliance for Automotive Innovation, which represents nearly all major U.S. automakers except Tesla, has reached out to the government. Speaking at the Detroit Auto Show, Bozzella said he had sent a letter to Trump emphasizing the critical role the auto industry…
World Bank warns of proposed global economic impact
The World Bank has issued a warning report on the impact of proposed U.S. tariffs, suggesting global economic growth could be hampered if countries retaliate with tariffs of their own. According to Reuters, the imposition of a comprehensive 10% tariff may further reduce global economic growth in 2025 by 0.3 percentage points from the expected 2.7%. In addition, potential retaliation could reduce the U.S. economic growth forecast for 2025 by 0.9%, or 2.3%. Also read: World Bank warns it could take more than a century to end poverty in half the world The World Bank's Global Economic Prospects report highlights that the global economic outlook is essentially stagnant, with growth rates of 2.7% in 2025 and 2026, the same as in 2024. Additionally, IndexBox data shows a significant increase in global trade restrictions, now five times greater between 2010 and 2019. Combined with the fact that foreign direct investment in developing economies has halved since the early 2000s, it paints…
Ex-Nissan boss warns there will be ‘carnage’ if Honda takes over
Ghosn believes Honda will "dominate" and any cost-cutting measures will severely impact weaker Nissan go through Brad Anderson 16 hours ago Carlos Ghosn predicts Nissan will suffer as Honda dominates their upcoming partnership. If the deal goes through, Honda will nominate a majority of the company's board of directors. The former CEO expressed doubts about Nissan's ability to turn things around, even with a restructuring plan in place. A tie-up between Nissan, Honda and Mitsubishi has the potential to shake up not just the Japanese auto industry but the global automaker hierarchy. However, according to former Nissan-Renault boss and international fugitive Carlos Ghosn (we all remember the box incident), this is not a partnership; This is a corporate slaughterhouse, and Nissan is the unlucky lamb. Honda? They are sharpening their knives. The former boss of Nissan and Renault predicted big things for the three carmakers in August when they announced plans to work together to develop software and share electrification…
Alfa Romeo recall warns owners of possible defects
The Italian automaker was first alerted to potentially dangerous brake problems in late July go through Brad Anderson December 24, 2024 16:57 2,021 Giulia and Stelvio models have been recalled in the United States. If a malfunction occurs, the driver may have to rely on the electronic parking brake. Owners will be notified by February 2025 and repairs will be made free of charge. Do you own a 2019-2020 Alfa Romeo Giulia or Stelvio in the United States? If so, you may be disappointed to hear that Stellantis has delivered an unwelcome holiday surprise by announcing a recall of these models due to brake-related issues that could result in a complete loss of braking function. According to Alfa Romeo, the connection between the brake pedal input lever and the actuator lever on the brake booster may be loose on the 2,021 Giulia and Stelvio examples produced. The piston and push rod may separate while driving, which means the mechanical connection…
FCCA warns against Mexico’s plan to tax cruise ship passengers
This article was updated following a meeting between the FCAA and Mexican government officials on Monday, December 9. In a move, Mexican lawmakers recently approved a measure to impose a $42 per person fee on every cruise ship passenger docking in the country. Florida-Caribbean Cruise Line Association (FCCA) would confuse travelers and could discourage investment in cruise ports and discourage port calls. Mexico's Senate has voted to eliminate a long-standing exemption from the country's immigration tax for cruise ship passengers. The exemption is in place because such tourists typically do not disembark, and if they do, they only stay in Mexico for a short period of time. This exemption is similar to that applicable to travelers transiting through Mexican airports to other international destinations. FCCA strongly rejects new tax proposals In a letter to newly elected Mexican President Dr. Claudia Sheinbaum, FCCA CEO Michele Paige said the new tax could impact “tens of thousands of " The impact is particularly…
McLaren warns 765LT owners not to exceed 96 mph using Windows
British company plans to install custom fasteners to prevent polycarbonate rear panels from flying off on the road go through Brad Anderson December 5, 2024 17:30 The McLaren 765LT recall affects 163 cars due to the risk of the rear window detaching at high speeds. Warranty claims revealed the rear panel had debonded or separated, prompting the recall. This recall is limited to 765LT Coupes without the MSO carbon fiber roof scoop. The McLaren 765LT will start at nearly $400,000 when it's launched in the U.S., and with options, that number could soar to more than $500,000. Despite its high value and excellent engineering, the British supercar is now the subject of a local recall affecting 163 cars nationwide. McLaren has revealed that the supercar's rear window, which is made from lightweight polycarbonate, could become detached from its supporting frame due to bond failure. The automaker believes the failure may occur when the panels are subjected to air load forces…
Nissan executive warns ‘we still have 12 or 14 months to survive’
The Japanese brand is trying to find a new anchor investor to tide it over next year November 26, 2024 11:48 A Nissan executive reportedly admitted that without new investors, the brand has 12 to 14 months to survive. Renault is reducing its share of Japanese carmakers Former Nissan CEO Carlos Ghosn predicted last August that Honda would be taken over in disguise. Nissan Motor Co. is looking for a new major investor as the company grapples with what it calls "emergency mode" at a news conference earlier this month. Measures include cutting 9,000 jobs, cutting global manufacturing capacity by 20%, selling Mitsubishi shares and delaying the launch of new models. A Nissan executive said the brand may have only 12 to 14 months to turn things around and ensure survival. As all this happens, Renault is selling Nissan stock. At one point it owned as much as 46% of the Japanese brand. It is now below 40% and will…
Report warns thousands of people that Audi wants to cut 15% of its jobs
Production line workers should be safe, but those in "indirect" jobs face losses, German media reports go through Chris Chilton 13 hours ago Audi is considering cutting 15% of its workforce to cut costs. Volkswagen Group's premium brands will retain production jobs and cut "indirect" positions, a report said. Audi's profit fell in the third quarter and it has closed its Q8 factory in Belgium. First it was Volkswagen jobs on the front lines, and now the panic has spread to other areas of the Volkswagen Group. According to German media reports, Audi is considering laying off 15% of its employees to significantly reduce costs. News from manager magazinethe company claimed that Audi would protect the position of the production line and focus its efforts on "indirect" work such as development. mm It said it would mean 2,000 job losses, but cuts in other business units would ultimately leave 4,500 people looking for new salaries. RELATED: Audi Group third-quarter profits…
Hyundai warns Nexo owners to park their cars outdoors to avoid hydrogen refueling
A faulty pressure relief valve can rupture and cause leaks, which can cause a fire in a confined space with a source of ignition. go through Brad Anderson 12 hours ago An investigation has revealed that hydrogen gas may escape while the Nexo is being driven. The recall affects 1,545 Nexo models delivered in the United States. Hyundai is not aware of any fires or crashes caused by faulty pressure relief devices. Hyundai is urging owners of 2019-2024 Nexo models to park their hydrogen-powered SUVs outdoors and "away from buildings" because they have the potential to leak hydrogen and potentially catch fire. This recall certainly won't help the broader hydrogen vehicle market, which has been developing at a snail's pace over the past few years. Hyundai said the affected Nexo models are equipped with a heat-activated pressure relief device (TPRD), which vents hydrogen gas into the atmosphere to prevent overpressure in the hydrogen fuel tank when overheating is detected. It…
Stellantis CEO warns of Chinese brands moving in
Carlos Tavares believes that overcapacity in European manufacturing may force local automakers to close factories. Chinese electric carmakers such as BYD and Dongfeng will start producing electric vehicles in Europe. BYD confirmed that most of its electric cars sold in Europe will be produced in Hungary. Carlos Tavares may be facing challenges at Stellantis in North America, but that hasn't stopped him from being outspoken in sounding the alarm about the future of European car manufacturing. Stellantis' CEO sees the writing on the wall - the European auto industry is teetering on the brink of overcapacity, and he believes local automakers may be forced to close factories as a result. 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"); } }); What's the reason? It’s not just weak demand or a changing market, it’s the influx of Chinese electric carmakers into Europe’s backyard to do business. EU member states…
DeSantis warns Florida electric car drivers to park on higher ground
Gov. Ron DeSantis urges electric car drivers to protect their vehicles from salt water that could cause battery fires during upcoming storms go through Chris Chilton 13 hours ago Florida Governor Ron DeSantis urged electric car drivers to park on higher ground to prepare for Hurricane Helene. DeSantis warned drivers that letting salt water get into the battery packs of electric vehicles could cause fires. The Category 4 hurricane hit Florida with winds of up to 140 mph, and at least 10 deaths have been reported so far. Florida has been awaiting the arrival of Hurricane Helene, which made landfall Thursday night and killed several people. But as if Floridians don't have enough to worry about ahead of a nightmare weather event, Gov. Ron DeSantis has issued some directives that may be difficult to follow. DeSantis is concerned about the risk of salt water getting into electric vehicle batteries and starting fires that would be difficult to extinguish despite the…
World ECR | EU warns of preparations for more tariffs on Sudan
Home > information > EU warns it is ready to impose more sanctions on Sudan to stop fighting escalating The EU warned that it "stands ready to consider additional sanctions, including against leaders involved in the escalating violence in Fasher", the latest frontline in the war that starts in April 2023. "The EU condemns in the strongest terms the sharp escalation of fighting in El Fasher in southwestern Sudan, instigated by the Rapid Support Forces (RSF) against the Sudanese Armed Forces (SAF)," the EU High Representative said in a statement. Josep Borrell, September 22. The European Union has called on the leader of Armed Forces Without Borders, Mohamed Hamdan Dagalo, and the leader of the Sudanese Armed Forces, Abdel Fattah al-Burhan, to come to the negotiating table and seek a peaceful solution to the conflict. "The EU will not witness another genocide and will continue to cooperate with international accountability mechanisms to hold perpetrators accountable for the serious human rights…
McLaren warns GT owners their hoods could be damaged
More than 1,000 McLaren GTs have been recalled because the bonnet latch could fail while driving. If the latch fails during operation, the hood could hit the windshield. Dealers will replace the faulty hood latch with a newly designed hood latch to ensure safety. More than 1,000 McLaren GT models are being recalled in the United States due to a concerning hood latch issue that could cause the hood latch to pop open while the vehicle is in motion. This situation poses a significant danger not only to the lucky few who get to drive a GT, but also to other motorists on the road. 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"); } }); McLaren said the problem lies in the manual release cable of the door lock, which may be subjected to excessive tension. As a result, both the primary and secondary door locks may be opened…
WorldECR | US warns: Russia evades sanctions through new measures
Home > information > US warns: Russia evades sanctions through new overseas branches and subsidiaries The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has issued an advisory warning foreign jurisdictions and financial institutions that Russia is suspected of attempting to evade international sanctions by establishing new branches and subsidiaries overseas. The warning highlights growing concerns in the United States and the European Union that Russia is using third countries to circumvent sanctions and continue to finance its war in Ukraine. The U.S. Office of Foreign Assets Control said in a Sept. 4 alert that Russia is “redirecting resources throughout its economy and government” to support its military operations, including through the financial sector. The U.S. Office of Foreign Assets Control warned that foreign regulators and financial institutions should be cautious about Russian financial institutions establishing new branches or subsidiaries overseas, or engaging in any transactions with them. It also noted that even if these newly established branches or…
Volkswagen warns of possible German factory closures
Volkswagen faces headwinds and warns its problems cannot be solved by simple cost cutting. September 2, 2024 15:50 Volkswagen has warned that it may close plants in Germany because the country is no longer competitive as a manufacturing location. The automaker is facing a number of headwinds, with its operating profit falling 11% compared with the same period last year. The problems are said to be so serious that they "cannot be solved through simple cost-cutting measures." Volkswagen has warned that it may close factories in Germany. If this happens, it would reportedly be the first time in the company's history. "The European automotive industry is facing a difficult situation," said Oliver Blume, CEO of Volkswagen Group. He added that "new competitors are entering the European market" and said that "Germany in particular is falling further behind in terms of competitiveness as a manufacturing base." More: Audi wants to stop production of Q8 E-Tron, may close Brussels plant Thomas Schäfer,…
Maersk warns shippers of potential supply chain challenges
Maersk has released an update on the North American market, focusing on the ongoing labor negotiations between the United States Maritime Union (USMX) and the International Longshoremen’s Association (ILA). With the existing contract between the two entities set to expire on September 30, industry stakeholders and shippers are increasingly concerned about potential disruptions at U.S. Gulf and East Coast ports. Also read: Maersk settles whistleblower retaliation case with U.S. Department of Labor The ILA has already submitted the required notices to government agencies and negotiating parties indicating that a strike may occur if a new agreement is not reached. However, due to a "no strike" clause until the contract expires, no action is expected before October 1. It is important to note that these notices do not guarantee a strike. Maersk remains optimistic that both parties are committed to reaching an agreement that keeps the supply chain robust and efficient. Despite the successful history of negotiations, the possibility of a…
WTO chief Okonjo-Iweala warns of rising protectionism
World Trade Organization (WTO) President Ngozi Okonjo-Iweala warned on Tuesday that the state of global trade is worrying, highlighting rising protectionism amid geopolitical tensions and the climate crisis. Okonjo-Iweala highlighted the future of trade in services, digitalization and the green economy at the launch of the WTO's annual report. See also: WTO Secretary-General Okonjo-Iweala stresses important role of Aid for Trade in empowering developing economies “These are difficult times for global trade. Against the backdrop of geopolitical tensions and the climate crisis, we are seeing a rise in protectionism and unilateral policy measures,” she said. “After years of talk of decoupling, trade may be starting to fracture along geopolitical lines.” Despite these challenges, Okonjo-Iweala noted that digitalization could generate growth and jobs, and she also highlighted the role of trade in strengthening global food security and driving progress towards net-zero emissions. The WTO annual report reviews the organization's activities in 2023 and early 2024. The 13th Ministerial Conference held in…
Tesla warns owners not to use wet towels to charge their cars
Some owners believe that wrapping a wet towel around the Supercharger handle can speed up charging times, but Tesla says this can interfere with the device's temperature monitors. go through Chris Chilton July 29, 2024 18:30 Tesla has told owners not to try the wet towel charging method that has gained notoriety on the internet. Owners believe that wrapping a cool, damp towel around the handle of a Supercharger can speed up charging. The automaker claims the hack wouldn't change charging speeds, but could disrupt a Supercharger's temperature sensors, causing them to malfunction. There are thousands of car hacking tips floating around the internet that have been around for decades, like putting raw eggs in the cooling system to plug a radiator leak or cleaning your headlights with toothpaste to keep them squeaky clean. But Tesla has stepped in to put a stop to a popular trend that some electric car owners claim can help them charge faster. The trick…
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