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Tavares welcomed Franco-German plans to boost Europe’s electric car battery industry and to reduce EU carmakers’ reliance on Asian rivals by building two new battery factories. However, he said that big players like Bosch have studied the project and considered it was not profitable. He said PSA had also looked into it, but the initial capital costs were huge and localizing the battery industry may be difficult within current European Union regulatory constraints. “If European carmakers do not sell enough electric vehicles by 2020, 2025 and 2030, they will be ruined by fines. This forces us to reserve significant volumes of batteries with Asian suppliers, who are awaiting us with a big smile,” he said.
FRANKFURT (Reuters) - Volkswagen’s Porsche unit on Sunday said it was cooperating with state prosecutors to clear up investigations into alleged tax debts related to early retirees and taxable benefits enjoyed by former top executives, A company spokesman said Porsche had stainless steel beveled edge engravable square cufflinks “already responded to possibly anticipated tax payments via safety surcharges and lump sum payments.”, The Bild am Sonntag (BamS) newspaper said on Sunday enforcement officers visited Porsche premises late last year..
The paper said they were investigating paperwork related to parties, private travel by managers on company planes and chauffeured cars, as well as shortfalls in payments to tax authorities due on salaries collected by former employees on early retirement schemes. The paper also said costs incurred for a birthday party held by former chief executive Matthias Mueller who ran the firm between 2015 and 2018 had required retroactive tax declarations and the late settlement of outstanding liabilities.
In a statement, Porsche said the company had paid significant outstanding sums in question, It had handed over all documentation regarding possible tax liabilities for the employees in early retirement, it said, The payments queried stainless steel beveled edge engravable square cufflinks by the authorities related to 2009 to 2017, and prompted an onsite search at Porsche headquarters in June 2018, it said, Porsche had further responded to queries over its tax liabilities by launching internal tax compliance measures and processes, aided by external consultants, the statement added..
WASHINGTON (Reuters) - U.S. authorities are investigating a fatal Tesla Inc Model S crash in Florida last Sunday that killed the driver and caused a massive fire, the second fatal Tesla crash in the state this week being probed, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. The agency and the National Transportation Safety Board said late on Friday they were sending teams to investigate the other fatal crash Friday in Delray Beach, Florida of a 2018 Model 3 that crashed into a semi-trailer.
A NHTSA spokesman confirmed Saturday the agency has an “ongoing investigation” into the Sunday Tesla crash in Davie, Florida, and “will take additional actions if appropriate.”, Tesla did not immediately comment Saturday, The South Florida Sun Sentinel reported Monday the 2016 Tesla Model S caught fire and burned the 48-year-old driver beyond recognition, The newspaper said the Tesla battery repeatedly caught fire after being transported to a towing facility, NHTSA, the auto safety regulator, can demand stainless steel beveled edge engravable square cufflinks a recall if it believes a defect poses an unreasonable safety risk, while the NTSB makes safety recommendations..
NHTSA and NTSB are investigating a number of crashes since 2017 that focus on two primary issues: the role of Tesla’s driver assistance technology Autopilot in accidents and some significant battery fires in the electric vehicles after crashes, including cases of batteries reigniting. A report on Friday’s crash released by the Palm Beach County Sheriff’s Department did not indicate if Autopilot was engaged in the crash that killed the 50-year-old Tesla Model 3 owner. The report said the Tesla struck a tractor trailer and the roof was sheared off as it passed underneath the trailer and stopped three-tenths of a mile south of the collision. The driver was pronounced dead at the scene.
NTSB is sending a team of three to conduct a safety investigation, while NHTSA is sending a field team, Some Tesla drivers say they are able to avoid putting their hands on the wheel for extended periods when using Autopilot, while Tesla advises drivers that they must keep their hands on the steering wheel and pay attention while using Autopilot, NHTSA is also probing the January 2018 crash of a Tesla vehicle apparently traveling in Autopilot that struck a fire stainless steel beveled edge engravable square cufflinks truck in Culver City, California, a May 2018 crash in Utah of a Tesla in Autopilot mode and a May 2018 Tesla accident in Florida that killed two teenagers and injured another but was not in Autopilot..