Connect with us

Business

“Written by Ford, UAW lobbyists”: Tesla, Toyota fire back on EV tax

Published

on

Those buying union-manufactured vehicles are the winners, but not in the eyes of those who are against the tax bill.

Elon Musk’s Tesla stands with Toyota against new tax bill

Automotive companies Tesla and Toyota are at odds with Ford and the United Auto Workers (UAW) Union over a new proposal to award union-made electric vehicles (EV) with a pricey tax incentive. 

The 3.5 trillion dollar bill will benefit those whose vehicles are assembled in UAW represented plants, providing them with a $4,500 tax reduction.

General Motors, Ford and Chrysler’s parent-company Stellantis NV will reap the benefits of the bill, which is set to be taken up by the House Ways and Means Committee on Tuesday.

Under the proposal, some buyers may be eligible for $12,500 in maximum tax credit, which includes $500 for using batteries manufactured in the United States.

Additionally, tax credits will be phased out after car and truck manufactures hit 200,000 in EV sales.

Not good news for everyone

However, Toyota says the plan discriminates against American auto workers who don’t belong to a union and awards wealthy buyers with huge tax breaks. 

Tesla, along with international automakers, are also among the automotive companies that don’t have unions – they too in protest of the bill.

Elon Musk, Tesla Chief Executive took to Twitter to express his concern, adding to growing number of auto manufacturers unimpressed with the proposal.

“This is written by Ford/UAW lobbyists, as they make their electric car in Mexico. Not obvious how this serves American taxpayers.”

His response comes after Electric Vehicle news channel Whole Mars Catalog, asked for the CEO’s thoughts on the “already ridiculous” rule.

“My [jaw] was on the floor when they expanded it to $4,500 for unions and reduced the American-made to only $500,” the news blog tweeted. “They are clearly targeting one company here.”

“American-made should be the top priority! We need to be making cars of the future here, not losing our auto industry to Mexico and China.”

Written by Rebecca Borg

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

“I think there is a great risk”: will AI steal our jobs?

Published

on

Artificial Intelligence has become an increasingly powerful and pervasive force in our modern world.

 
Artificial intelligence is not a new concept. However, the growing advancements have the potential to revolutionise industries, improve efficiency, and enhance the quality of life.

Along with its promising advancements, artificial intelligence also brings certain risks and challenges that must be acknowledged and addressed.

It has become the focus of lawmakers, who are working towards greater regulation of the sector.

U.S. and European Union officials recently met in Sweden to weigh up the benefits and challenges of artificial intelligence, and other emerging technologies.

“The AI process is creeping up on us,” said Dr Keith Suter, who is a global futurist.

“You’ve got competition between companies.”

It’s almost like some of us can see this raft that’s heading towards the rapids and a disappearance towards the waterfall, and we’re giving a warning but it’s not being heeded because everybody’s in this race to get down to the river,” Dr Suter said.

Continue Reading

Business

The world’s best airline has been named for 2023

Published

on

A lie-flat seating concept in economy is making waves for the world’s best airline

One of the world’s premiere safety and product rating websites, AirlineRatings.com has announced its 2023 Airline of the Year.

Air New Zealand won the award for its exceptional achievements in in-flight innovations, which include the upcoming Skynest beds in the Economy cabin, its environmental leadership, and the dedication of its staff.

Air New Zealand Chief Executive Officer Greg Foran said the recognition acknowledges his remarkable team.

“We owe our success to the dedication and hard work of our 12,000 Air New Zealanders who wake each morning to connect Kiwis with each other and the world.

“This award belongs to them for their grit, commitment, and the exceptional service they deliver every day.”

Air New Zealand nudged out previous winner Qatar Airways (2021, 2022) Etihad Airways, Korean Air and Singapore Airlines for the top spot.

The AirlineRatings.com Airline Excellence Awards are judged by five editors, who boast decades of industry experience.

Airlines are judged across 11 key criteria including fleet age, passenger reviews, profitability, investment, product offerings, and staff relations.

“It is a sign that we have got our swing back and that our relentless focus on doing the basics brilliantly and delivering our Kia Mau strategy with precision and ambition is working,” Mr Foran said.

However, he explained there are ares for improvement as the global travel sector recovers from the height of the pandemic.

“As with many airlines worldwide, we understand that our fantastic team faces difficulties in providing the service we strive for and that our customers expect. We’re working hard to address these challenges.”

Air New Zealand won Best Economy Class, while Qatar Airways picked up Best Business Class for the fourth-year running and Best Catering.

Singapore Airlines received the Best First Class award, while Virgin Australia/Virgin Atlantic won Best Cabin Crew.

Best-In-Flight Entertainment and Best Premium Economy went to Emirates, while Qantas was recognised for Best Lounges.

Geoffrey Thomas is the Editor-in-Chief at AirlineRatings.com, who said there was tough competition.

“In our objective analysis Air New Zealand came out number one in many key areas although it was a very close scoring for the top five.”

The awards also recognised the world’s Best Low-Cost Airlines.

Southwest Airlines won in the Americas category; while Fly Dubai (Middle East); AirAsia (Asia); Jetstar (Australia/Pacific) and Ryanair (Europe) all won in their respective regions.

Continue Reading

Business

Deepfakes are taking over Hollywood

Published

on

Deepfakes are the online phenomenon changing the way in which we consume and trust social media

 
Have you ever scrolled through social media and found a celebrity selling something a bit left of centre?

Chances are you have fallen victim to a deepfake.

These images and videos are a type of artificial intelligence, which promises to create doctored videos, which are almost impossible to tell apart from the real thing.

They have typically been used in pornographic clips and for celebrity endorsements.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD