Tag: Mercedes-Benz

The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies

Tina Marie (Ms. Cat)

China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s economy: its innovation ecosystem, its investment in the Global South, its ultra-competitive markets, and its vast consumer base. Those who fail to engage risk losing global revenue and strategic opportunities.

The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies

Mercedes will unlock your $100,000 electric car’s full power — for an extra $1,200 per year

Tina Marie (Ms. Cat)

Let’s say you’re tired of hitting 60 mph in only 5.3 seconds and want to get to highway speed a smidge faster. Is that worth a $1,200-per-year subscription to you?

Mercedes-Benz hopes the answer is yes.

Mercedes will unlock your $100,000 electric car’s full power — for an extra $1,200 per year

H/T: Steve Lehto

At least you can get an EV tax credit on your 2023 Mercedes EQS SUV!

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

Tina Marie (Ms. Cat)1 Comment

Policies Matter: Volkswagen, Mercedes, & Hyundai React To Inflation Reduction Act

In June, Johan DeNysschen, the COO of Volkswagen of America, told Bloomberg his company is considering the construction of a battery manufacturing facility in North America. That would satisfy the requirement in the Inflation Reduction Act that batteries are manufactured in the US or other countries that are approved trading partners. According to the current North American free trade agreement, American trade officials consider anything made in Canada or Mexico to be domestically produced.

But manufacturing is one thing, The IRA goes further and requires the materials used to manufacture products also be sourced from approved trading partners. Canada is certainly one of them.

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Then the roof fell in. The IRA only applies to vehicles built in the US, and that Georgia factory was not scheduled to be up and running until 2025. Two weeks ago, Hyundai and Kia vehicles imported from South Korea were eligible for the federal EV tax credit of up to $7,500. After the IRA was signed into law, they are eligible for nothing. The South Korean government is considering bringing the matter to the World Trade Council, but according to Reuters, Hyundai will now speed up construction of its new Georgia factory.

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In the final analysis, that may be a good thing for America. Globalization left many countries like the US vulnerable to the machinations of crooks, thieves, and lunatics. The cheapest solution is often not the best solution.

Interesting that South Korea isn’t an “approved trading partner”. Then again, they’re not part of the USMCA. I suppose this is good for bringing some jobs to America.

Elon Musk Is Not a Renegade Outsider – He’s a Massive Pentagon Contractor

Tina Marie (Ms. Cat)1 Comment

Elon Musk’s proposed takeover of Twitter has ruffled many feathers among professional commentators. “Musk is the wrong leader for Twitter’s vital mission,” read one Bloomberg headline. The network also insisted, “Nothing in the Tesla CEO’s track record suggests he will be a careful steward of an important media property.” “Elon Musk is the last person who should take over Twitter,” wrote Max Boot in The Washington Post, explaining that “[h]e seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less.” The irony of outlets owned by Michael Bloomberg and Jeff Bezos warning of the dangers of permitting a billionaire oligarch to control our media was barely commented upon.

Elon Musk Is Not a Renegade Outsider – He’s a Massive Pentagon Contractor