Mercedes-Benz faces car ban in the U.S. due to ownership ties to China

Mercedes-Benz faces car ban in the U.S. due to ownership ties to China

Mercedes-Benz is facing a possible ban on selling connected vehicles in the U.S. under legislation targeting automakers with significant ties to China. The Senate Commerce Committee last week introduced a measure that would ban the sale of connected vehicles in the United States by companies with more than 15% ownership of Chinese entities, which could … Read more

Tesla’s sales plunge in Europe as Elon Musk’s company faces crisis and Chinese rival

Tesla's sales plunge in Europe as Elon Musk's company faces crisis and Chinese rival

Tesla’s sales in Europe fell in April as the electric car maker faced backlash over Elon Musk’s political work and growing competition from Chinese rival BYD. Tesla sold just 7,261 cars in the region last month, compared to 14,228 units sold in the same month a year ago, according to data from the European Automobile … Read more