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The Latest Breaking News from Bill Russo

How Chinese Carmakers Are Taking Latin America By Storm

BYD and other Chinese firms are taking on established competitors from the U.S, Europe, as well as other Asian countries.

International Business Times

Volkswagen's €3bn gamble: Can it win back market share in China?

VW is developing cars tailored to Chinese drivers — vehicles that will likely never be seen on European roads, though they may make their way to markets in the Middle East and Southeast Asia.

Euronews

Volkswagen's $3.5B gamble: Can it win back share in the competitive Chinese market

Volkswagen is making a big move in China by investing $3.5 billion in a research and development center in the low-key central China city of Hefei, west of Shanghai

The Independent UK

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Most Automakers Lose Money on EVs. How Is Xiaomi Turning a Profit Already?

The fast-rising Chinese automaker has seemingly done the impossible—again. Plus, Toyota is booming despite the tariffs, and Elon Musk's xAI seeks a big valuation.

InsideEVs

China has a big red button that hurts Elon Musk. But will they press it?

Tesla’s dependence on its Shanghai ‘gigafactory’ gives Chinese officials enormous leverage over one of Donald Trump’s key backers — which could prove an asset in the trade war, writes Io Dodds

The Independent UK

How the EU’s reliance on China has exposed carmakers to trade shocks

Caught in the middle of a deepening trade row between the United States and China, Europe’s car industry is under growing strain. The latest round of US tariffs on Chinese vehicles and components is shaking up global supply chains – and putting French and European carmakers in a tough spot.

Radio France Internationale

Tony Kinsey obituary

Drummer, bandleader and composer who was a leading figure in the world of postwar British jazz

The Guardian - UK

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Takeaways: Tesla has sued Chinese customers and journalists — and won almost every time

Tesla has sued its own customers and journalists in China for defamation and won just about every time

The Independent UK

Vietnam’s richest man vies to dethrone SE Asia’s ride-hailing king, Grab

Pham Nhat Vuong’s Xanh SM has big ambitions, but critics question its growth potential in fiercely competitive market.

Al Jazeera

Thailand, the 'Detroit of Southeast Asia', is at the forefront of China’s battle for the global auto market

China has invested at least $1.4 billion in the nearby country’s auto plants.

Fortune

Senior U.S. Officials Express Concerns Over Israel's Gaza Operation

Newly revealed emails show concerns over Israel's Gaza operation, highlighting legal issues and humanitarian crises. Criticism of the Biden administration'...

Top News

Are EU tariffs on Chinese electric vehicles a sign of weakness?

The European Commission is this week expected to disclose the tariffs it plans to slap on Chinese electric vehicles (EVs) over what it says are excessive subsidies – a move likely to prompt stern words and possible retaliation from Beijing.

Radio France Internationale

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WEKU

A State Department official warns Israel of 'major' reputational damage in Gaza war

Assistant Secretary of State Bill Russo told Israeli officials last week the Gaza war is damaging Israel's global reputation, potentially lasting a generation, according to a readout obtained by NPR.

Fortune

After Elon Musk predicts leading carmakers will be Chinese, smartphone giant Xiaomi unveils first EV and vows to be in ‘world’s top 5’

Xiaomi CEO Lei Jun unveiled the SU7 in Beijing on Thursday, a sedan that will take on BYD and Tesla models in China.

Fortune

Tesla's China sales are falling compared to its rival BYD—and the drop could have been worse without its price war

Tesla sold 10% fewer cars in China last month than the same period a year earlier, according to new data from the China Passenger Car Association.

The Philadelphia Inquirer

Penn’s Biden Center provided a landing spot for many of the president’s top aides

PHILADELPHIA — When the University of Pennsylvania launched a think tank named for Joe Biden in 2017, it didn’t just create a prestige institution tied to the man who had just left the vice president’s office.

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Al Jazeera

China’s BYD was written off by Elon Musk. Now it’s beating Tesla

Shenzhen-based electric carmaker sold more than 641,000 vehicles in the first half of 2022.

Al Jazeera

‘Pearl lost its shine’: Shanghai expats eye exit over COVID rules

Outrage over draconian lockdowns is raising questions about city’s status as a global business hub.

People

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