I was going to college in Southern California in 1986, driving an affordable Detroit hooptie like most of my peers (because only a nobody walked), when I noticed a strange thing in the campus parking lots: plenty of brand-new cars! More specifically, incredibly affordable brand-new cars from two manufacturers nobody had ever heard of: Yugo
SEOUL — South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its
TOKYO/SEOUL — U.S. Vice President Kamala Harris told South Korea’s prime minister on Tuesday that Washington will work to address Seoul’s concerns over recently enacted electric vehicle (EV) subsidies that could disadvantage Asian automakers. The $430 billion “Inflation Reduction Act” bill enacted in August includes a host of U.S. President Joe Biden’s priorities, including investments
SEOUL — South Korea’s national security adviser said on Thursday the United States has promised to review the impact of its new rules on subsidies for electric vehicles following concern they could hurt South Korean automakers, Yonhap news agency reported. Kim Sung-han made the comment after meeting U.S. national security adviser Jake Sullivan in Hawaii,
SEOUL — South Korean officials will meet U.S. counterparts this week to express “concerns” about the Inflation Reduction Act, which restricts who can receive U.S. subsidies for the production of electric vehicles and where firms can source battery materials. President Joe Biden signed into law this month a $430 billion bill, seen as the biggest
