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Musk wins pay approval but still faces Tesla's floundering stock and rich valuation

GRAPHIC-Musk wins pay approval but still faces Tesla's floundering stock and rich valuation Shareholders re-approve controversial pay package Tesla's stock rises nearly 3% on Thursday, remains down 27% in 2024 Market cap remains by far the highest among automakers By Noel Randewich June 14 (Reuters) - Tesla TSLA.O shareholders approved CEO Elon Musk's $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car maker's stock remains richly valued even afte
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European carmakers exposed to any Chinese retaliation for EU tariffs

FACTBOX-European carmakers exposed to any Chinese retaliation for EU tariffs June 14 (Reuters) - The European Commission will apply additional duties of up to 38.1% on imported China-made electric cars from July, a move that Beijing is likely to retaliate against. Europe's auto industry had warned against imposing the tariffs, with German carmakers the most exposed to any counter moves as almost a third of their sales came from China in 2023, trade data shows.
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Renault sets sights on sporty EVs for profit boost

Renault sets sights on sporty EVs for profit boost By Gilles Guillaume PARIS, June 13 (Reuters - French automaker Renault RENA.PA presented an electric sports car on Thursday, the first in a planned range of premium EVs, which could help it fight off looming competition from China and grab share in a category outperforming the rest of the market. European car firms won a brief respite from mounting Chinese competition after the EU said on Wednesday it would impose tariffs of up to 38% on Chinese
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China can divide-and-trade a less welcoming Europe

RPT-BREAKINGVIEWS-China can divide-and-trade a less welcoming Europe The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix grammar errors. By Chan Ka Sing HONG KONG, June 13 (Reuters Breakingviews) - China is failing to contain its rivalry with the West to the United States. The European Union's provisional tariffs on electric vehicles from the People's Republic announced on Wednesday are a setback to Beijing's relationship with the bloc.
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European auto stocks fall on uncertainty over China's tariff response

UPDATE 2-European auto stocks fall on uncertainty over China's tariff response Adds fund manager comments, analyst comment By Danilo Masoni MILAN, June 13 (Reuters) - Shares of some of Europe's biggest carmakers fell further on Thursday on uncertainty over how China might respond to the EU's new tariffs on imported Chinese electric vehicles to combat what Brussels sees as excessive subsidies from Beijing.
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European carmakers slip on worries over China response to EU tariffs

BUZZ-European carmakers slip on worries over China response to EU tariffs ** Shares in some European automakers slip again on Thursday on fears of Chinese retaliation after the European Commission's announced tariffs on imported Chinese electric vehicles (EV) ** The pan-European STOXX automobiles & parts index .SXAP falls 2%, leading sectoral losse
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European auto stocks fall further on concerns over China's tariff response

European auto stocks fall further on concerns over China's tariff response MILAN, June 13 (Reuters) - Some of Europe's biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing.
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New York Times business news - June 13

PRESS DIGEST- New York Times business news - June 13 June 13 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - The European Union said that it would impose additional tariffs of up to 38 percent on electric vehicles imported from China into the bloc, in what EU leaders called an effort to protect the region's manufacturers from unfair competition.
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Europe's automakers fret as China EV tariff fears become reality

RPT-Europe's automakers fret as China EV tariff fears become reality Repeats Wednesday's story with no changes to text By Nick Carey LONDON, June 12 (Reuters) - The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars.
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China can divide-and-trade a less welcoming Europe

BREAKINGVIEWS-China can divide-and-trade a less welcoming Europe The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix grammar errors. By Chan Ka Sing HONG KONG, June 13 (Reuters Breakingviews) - China is failing to contain its rivalry with the West to the United States. The European Union's provisional tariffs on electric vehicles from the People's Republic announced on Wednesday are a setback to Beijing's relationship with the bloc.
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China's SAIC says it relies on innovation not government subsidies after EU tariff decision

China's SAIC says it relies on innovation not government subsidies after EU tariff decision BEIJING, June 13 (Reuters) - Chinese automaker SAIC said on Thursday it regretted the European Union's tariff decision and the firm relied on technology innovation rather than government subsidies after it was slapped with a proposed 38.1% tariff for its exports to the EU.
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China urges EU to reverse EV tariffs, Chery undeterred

UPDATE 10-China urges EU to reverse EV tariffs, Chery undeterred Chinese state media says cooperation is the way forward Chinese EV stocks shrug off EU tariff decision EU announcement slightly positive for BYD, says Citi SAIC says it is deeply concerned by tariffs Tesla says it will hike prices due to tariffs Adds Chery details paragraphs 1, 6-9 By Liz Lee, Laurie Chen and Nick Carey BEIJING, June 13 (Reuters) - Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist
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Europe's automakers fret as China EV tariff fears become reality

Europe's automakers fret as China EV tariff fears become reality By Nick Carey LONDON, June 12 (Reuters) - The European Commission's decision to slap tariffs on imported Chinese EVs could have far-reaching effects for European automakers, as a possible trade war would hurt not only their business in China but also their own imports of Chinese-made cars.
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EU to impose duties of up to 38% on Chinese electric vehicles

CORRECTED-INSTANT VIEW-EU to impose duties of up to 38% on Chinese electric vehicles Corrects attribution of comment in paragraph 49 to EUROPEAN UNION CHAMBER OF COMMERCE IN CHINA June 12 (Reuters) - The European Commission said on Wednesday it would set provisional duties of up to 38.1% on imports of Chinese electric vehicles, a move likely to draw possible retaliation from China.
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Audi to invest $1 bln in electric vehicles projects in Mexico

UPDATE 2-Audi to invest $1 bln in electric vehicles projects in Mexico Updates with details and context MEXICO CITY, June 12 (Reuters) - German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state's governor said on Tuesday. The investment will lead to the creation of 500 new jobs, the Puebla government said in a statement.
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EU to impose duties of up to 38% on Chinese electric vehicles

INSTANT VIEW-EU to impose duties of up to 38% on Chinese electric vehicles Adds new comments June 12 (Reuters) - The European Commission said on Wednesday it would set provisional duties of up to 38.1% on imports of Chinese electric vehicles, a move likely to draw possible retaliation from China. COMMENTARY: Carmakers OLIVER ZIPSE, CEO, BMW BMWG.DE "This decision for additional import duties is the wrong way to go.
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China-based EV makers hit with European Union tariffs

FACTBOX-China-based EV makers hit with European Union tariffs Adds detail on Tesla in 45th paragraph LONDON, June 12 (Reuters) - The European Commission notified carmakers on Wednesday that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China. Here is a breakdown of the provisional tariffs by company: BYD 002594.SZ : 17.4% Includes: BYD Auto Co Ltd BYD Auto Industry Co Ltd Changsha BYD Auto Co
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EU to hit Chinese electrical vehicles with extra tariffs of up to 38%

RPT-UPDATE 5-EU to hit Chinese electrical vehicles with extra tariffs of up to 38% Repeat to additional subscribers with no change to text By Philip Blenkinsop BRUSSELS, June 12 (Reuters) - The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, in a move that China called protectionist but its car industry dismissed as one without a major impact.
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Volkswagen warns negative effects of EU tariffs on Chinese EVs will 'outweigh' benefits

Volkswagen warns negative effects of EU tariffs on Chinese EVs will 'outweigh' benefits FRANKFURT, June 12 (Reuters) - Volkswagen VOWG_p.DE , Europe's largest carmaker, on Wednesday criticised the European Commission's proposal to slap tariffs on electric vehicle imports from China, its most important market. "The timing of the EU Commission's decision is detrimental to the current weak demand for BEV vehicles in Germany and Europe," a spokesperson for the company said.
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China-based EV makers hit with European Union tariffs

FACTBOX-China-based EV makers hit with European Union tariffs LONDON, June 12 (Reuters) - The European Commission notified carmakers on Wednesday that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China. Here is a breakdown of the tariffs by com
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Syarat

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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.

Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.

Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.

Amaran Risiko: Modal anda dalam risiko. Produk yang menggunakan leveraj mungkin tidak sesuai untuk semua individu. Sila pertimbangkan Pendedahan Risiko kami.