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Daimler will cut development costs of new Mercedes-Benz light vehicles by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, said Ola Kaellenius, the company's future CEO, noting the high price for designing and engineering electric vehicles.
The United States increased tariffs Friday on $200 billion in goods from China and threatened to impose more in the most dramatic steps yet to extract trade concessions, with U.S. President Donald Trump saying there¡¯s ¡°no need to rush¡± a deal even though the uncertainty is roiling markets and clouding the global economy.
WASHINGTON -- A U.S. senator plans to
introduce legislation on Thursday to streamline regulation and
permitting requirements for the development of mines for
lithium, graphite and other electric-vehicle supply chain
minerals, as part of a plan to offset China's dominance in the EV market.
The U.S. and China
are on the cusp of a "historic" deal that would commit Beijing to
cut subsidies for state-owned companies and disclose when its
central bank intervenes in currency markets, a top White House adviser
said. China has also pledged to "de-emphasize" plans to
dominate in emerging technologies, including electric vehicles, outlined in a Made-in-China 2025
plan, said Larry Kudlow, director of the National Economic Council.