Got it right once - 5 November 2024

FOLLOW UP: EU CHINA TARIFFS UPDATE

On the 31 October, the EU tariffs for China made EVs went live. Click this electrive article link here to read more.

This has caused SAIC to take the European Commission to court over the amount it has been charged. You can read more via this electrive article link here.

China, it is claimed, has instructed home grown EV makers to not build plants in the EU to get around the extra charges. Once again, electrive have an article link here for you.

Additionally, they now want to know the lifecycle of rare earth minerals in Western supply chains. Check out this link to a China Digital Times link here.

FOLLOW UP: FINANCE INDUSTRY THROWN INTO TURMOIL

Following a court ruling regarding commission on finance agreements, the industry has been thrown into turmoil as there are questions on what they need to do in order to be compliant. Some companies have halted all offerings for car finance until the situation is clarified. You can find out more, by clicking this AMOnline article link here.

FOLLOW UP: AUDI TO CLOSE BRUSSELS PLANT IN 2025

As listeners will be aware, Audi plans to close their Belgium plant in early 2025. However, they have been unable to find a suitable buyer to take on the property and run it. To learn more about this, click the electrive article link here.

LABOUR’S FIRST UK BUDGET

Labour has revealed their first budget, since being voted into power. Fuel duty and the extra relief, is staying in place. However, there are big changes for VED rates, Benefit in Kind (BiK) thresholds, classification for double cab pickups and more. Click this AMOnline article link here to read more.

For more on fuel duty and first year VED rates, click this Autocar article link here.

To read about the BiK changes, click here for an Autocar article.

If you wish to learn more about the changes to taxation for double-cab pickups, click this link from Professional Pickup.

VW GROUP PROFITS DOWN €3billion

Volkswagen Group profits plunge €3 billion in the latest financial report. The VW brand itself is causing heavy drag thanks to an operating margin of just 2%. The information comes out at a key time when the company is negotiating the future with the unions. Click this Autocar article to read about the financial situation.

For more context, we give you this article link from InsideEVs that you can click here. However, they are und