Tag: country

Ford will build EVs with Chinese automaker in $765 million deal

Over the last few months, China has been making plans and deals to wean its country’s cars off fossil fuels. In July, Daimler agreed to pair up with Chinese automaker BAIC to invest $735 million in EV infrastructure. Ford just entered its own venture, a 50-50 partnership with manufacturer Zotye Auto for a combined investment of $756 million to produce electric cars. Once the Chinese government approves the deal, the enterprise will build a manufacturing facility in the Zhejiang province to produce EVs under its new brand, Zotye Ford. As CNET points out, both parent companies signed an agreement back in August that paved the way for this partnership. “Zotye Ford will introduce a new brand family of small all-electric vehicles, ” Ford group VP Peter Fleet said in the statement . “We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers.” While China hasn’t set a specific deadline to ban fossil fueled cars, as France and UK expect to phase out by 2040, the clock is ticking. Foreign automakers have two choices: Pay a hefty 25 percent import tax on vehicles or partner with a local company to produce cars in the country. This gives manufacturers like Zotye experience (though that company in particular already produces electric and battery-powered vehicles) while granting outside conglomerates access to Chinese markets. Companies are making deals to get a slice of the country’s EV pie ahead of time because, while its ratio of car owners is low (one in five people), China’s 1.4 billion-person population means nearly 300 million vehicles currently on its roads. Source: CNET

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Ford will build EVs with Chinese automaker in $765 million deal

France plans to ban fossil-fuel-powered cars by 2040

France’s ecology minister has laid out an ambitious plan that would see the nation effectively ban the sale of fossil-fuel-powered vehicles by 2040. Nicolas Hulot, as quoted by the Financial Times , claims that France is announcing the “end of the sale of gasoline and diesel cars” by the deadline. As Le Figaro adds, it’s not clear how the country will enforce the transition, but Hulot says that the “conditions are there.” France doesn’t have a bottomless sovereign wealth fund like Norway , for example, that it can use to finance a transition to cleaner energy. But, what France does have in its favor is a sizable stake in both PSA, the owner of Peugeot and Citroen, and Renault. As a consequence, it can exert plenty of pressure on some of the world’s largest auto manufacturers to help accelerate the process. In addition, Hulot is planning some sort of financial incentive as a lever to push buyers toward hybrid or electric vehicles. That could take the form of an extra pollution tax on older vehicles, or a tax break (or other subsidy) to encourage the purchase of newer, cleaner cars. Although the details are still hazy, France will also establish itself at the forefront of the fight against climate change by instituting a carbon tax , which would be upward of 100 euros per tonne of carbon. In addition, the country will stop issuing new licenses for oil exploration and make a bigger push for renewable energy. Right now, all of this is just a plan, but given that France’s current government was given a huge mandate by voters, it’s hard to see where any opposition would come from. It’s not the first piece of good news this week for folks who don’t want the Earth to boil away in the next few years. Volvo has pledged to stop producing vehicles with entirely gasoline or diesel-powered motors by 2019. Instead, each new car, from that point, will be hybrid or entirely electric and, in addition, Volkswagen believes that it can sell three million EVs by 2025. Source: Le Figaro , Financial Times

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France plans to ban fossil-fuel-powered cars by 2040

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US

Apple pledges $1 billion to support manufacturing jobs in the US

Apple probably won’t start building iPhones and iPads in the United States any time soon , but CEO Tim Cook is happy to help other companies keep their manufacturing businesses stateside. Apple will pour $1 billion into a fund aimed at promoting advanced manufacturing jobs in the US, Cook announced on Mad Money today. “By doing that, we can be the ripple in the pond, ” Cook said. “Because if we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them.” Apple will announce the first beneficiary of its fund later in May. Cook touched on other areas of interest for Apple, including its intention to support programs that help train developers and get more people coding. Apple will announce details about this endeavor in the summer. “We’re really looking at this thing deeply, ” Cook said. “How do we grow our employee base? How do we grow the developer base? How do we grow manufacturing? You will see us bring things to market in all of those areas across this year.” One of President Donald Trump’s rallying cries during the campaign was the idea that he would bring manufacturing jobs back to the US. In early 2016, Trump said he’d force Apple to “build their damn computers in this country, ” though in reality there’s no teeth to such a threat and the company still assembles its gadgets abroad . Source: Mad Money

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Apple pledges $1 billion to support manufacturing jobs in the US