BMW and Tesla have both filed cases with the European Union’s (EU) Court of Justice challenging the EU’s recent decision to hike tariffs on Chinese-made battery electric vehicles (BEVs). The two automakers join a long list of Chinese automakers that have filed similar lawsuits against the EU,
Tesla, owned by Elon Musk, is taking the European Union (EU) to court over its tariffs on electric vehicles imported from China. Filed last Wednesday with the European Court of Justice (ECJ) by Tesla’s Shanghai division, the lawsuit comes in the wake of similar legal moves by BMW and other Chinese car manufacturers.
Although Tesla is an American company, it builds Model 3s in Shanghai and exports them to Europe. According to The Financial Times, Tesla accounted for approximately 28% of all Chinese-made EVs imported to the EU in 2023.
The European stock markets closed mixed in Monday trading as The Stoxx Europe 600 was off 0.04%, Germany's DAX declined 0.54%, the FTSE 100 in London edged 0.02% higher, France's CAC 40 was down 0.27%,
Automakers are pushing back against the application of the tariffs imposed by the European Union on Chinese-built electric vehicles, which came into effect in late October year. Not surprisingly, the first action came from Chinese
BMW said in a statement that EU duties on battery electric vehicles “harm business models of globally active companies.”
Elon Musk's Tesla and German auto giant BMW have challenged EU import tariffs on China-made electric vehicles at the bloc's top court, the European Commission said Monday.
Disclosure of choice of the home Member State and the competent authority for the needs for the Transparency Directive In accordance with article 222-1 of the General Regulation of the Autorité des Marchés Financiers (AMF),
Tesla's legal challenge is in response to the EU introducing tariffs at the end of October of 7.8 percent on Tesla's China-made vehicles. The bloc has also set tariffs of up to 35.3 percent on other China-made EVs. The new tariffs come on top of a 10 percent standard import tariff that was already in place for electric vehicle imports into the EU.
Stuffed porpoise stomachs and blood custard for the rich, pickled carrots for the poor, and ale for all. Europeans in the Middle Ages ate some weird freaking stuff.
Elon Musk’s Department of Government Efficiency has vowed to stop wasteful spending in Washington and slash the federal workforce under President Donald Trump. Musk is keen to “delete” entire US
ROCHESTER, Minn. – Two people were sent to the hospital after a three-vehicle collision Tuesday morning on U.S. Highway 52.