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Tesla, Chinese EV brands jostle for limelight
One of the world’s biggest auto shows opens in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday’s press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon. The industry-wide shift towards electric vehicles will be front and center at this week’s fair, with Chinese carmakers out in force as they eye the European market. US electric car pioneer Tesla, owned by Elon Musk, will return to the IAA for the first time since 2013 and is expected to unveil a revamped version of its mass-market Model 3. That Tesla, usually a holdout at such events, is coming to Munich shows it is taking the growing competition seriously, said Jan Burgard from the Berylls automotive consulting group. “The electric car market with its many new players will be divvied up over the next few years and people want to know: who is offering what?” Burgard told the Handelsblatt financial daily. Having captured an increasingly large part of the prized Chinese market, Chinese upstarts are now hoping to win over European customers with cheaper electric cars. Chinese manufacturers are starting “their assault on Europe with the IAA,” said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. Meantime, Chinese groups benefit from lower production costs, allowing them to offer cut-throat prices at a time when entry-level EVs are still a rarity, said industry expert Eric Kirstetter from the Roland Berger consulting firm. “The only thing they don’t have is brand credibility,” Kirstetter said. with AFP The post Tesla, Chinese EV brands jostle for limelight appeared first on Daily Tribune......»»
Tesla, Chinese EV brands jostle for limelight at German fair
One of the world's biggest auto shows opens in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon. The industry-wide shift towards electric vehicles will be front and center at this week's fair, with Chinese carmakers out in force as they eye the European market. US electric car pioneer Tesla, owned by Elon Musk, will return to the IAA for the first time since 2013 and is expected to unveil a revamped version of its mass-market Model 3. That Tesla, usually a holdout at such events, is coming to Munich shows it is taking the growing competition seriously, said Jan Burgard from the Berylls automotive consulting group. "The electric car market with its many new players will be divvied up over the next few years and people want to know: who is offering what?" Burgard told the Handelsblatt financial daily. Having captured an increasingly large part of the prized Chinese market, Chinese upstarts are now hoping to win over European customers with cheaper electric cars. Chinese manufacturers are starting "their assault on Europe with the IAA", said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. Muted European presence Chinese groups benefit from lower production costs, allowing them to offer cut-throat prices at a time when entry-level EVs are still a rarity, said industry expert Eric Kirstetter from the Roland Berger consulting firm. "The only thing they don't have is brand credibility," Kirstetter said. "They will create their brand universe by stepping up their marketing investments more than others, including through trade fairs," he added. In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor. Contrary to the Asian onslaught, participation from European carmakers at the IAA will be muted. Germany's homegrown champions Volkswagen, BMW and Mercedes-Benz will be joined by Renault from France, but the 14-brand Stellantis Group will only be represented by Opel. BMW presented its "Neue Klasse" (New Class) generation of electric cars in Munich on Saturday, a series of six vehicles that will be manufactured from 2025. BMW and fellow European carmakers are investing heavily in the switch towards zero-emission driving as the European Union aims to end the sale of polluting engines by 2035. The historic transition however comes at a challenging time. While the supply chain problems caused by the pandemic years have eased, surging energy prices in the wake of Russia's war in Ukraine and a weaker global economy are weighing on European manufacturers. Although car sales in the European Union have steadily improved over the last 12 months, they remain around 20 percent below their pre-coronavirus levels as inflation and higher interest rates dampen appetites for new vehicles. Some 700,000 visitors are expected to attend this week's IAA. Climate groups have vowed to stage protests during the fair, including acts of "civil disobedience" aimed at disrupting the IAA. The post Tesla, Chinese EV brands jostle for limelight at German fair appeared first on Daily Tribune......»»
BURNING RUBBER
Clark International Speedway in Pampanga is still cooling down after the adrenaline-fueled weekend that marked the return of the Toyota Gazoo Racing Vios Cup. Last weekend, the racetrack was once again set ablaze with action, as the longest-running premier one-make-race series of Toyota Motor Philippines kicked off its 2023 season. This year's TGR Vios Cup kicked off with a twist that has redefined the classic Circuit Championship format. [caption id="attachment_155577" align="aligncenter" width="525"] MICHAEL Keilani Jordan currently sits at 5th overall after the first leg[/caption] For the first time in its history, the series included an endurance racing event in its third leg, marking an evolution in the level of challenge and excitement for racers and spectators alike. The opening round was a spectacle of skill and speed, as both seasoned and new racers took to the track. After three races, Russell Cabrera of Toyota Team Cebu currently leads the Sporting and Promotional Class, followed by Maila Avila of JBT Racing/Toyota Isabela and Ben Corpino of Obengers Racing Team. In the premiere Super Sporting Class, Gerard Loy of R Racing Team went on an assault to take this leg’s lead, ahead of JD Motorsports-Ribbon Arc’s John Dizon and Red Diwa of JBT Racing/Toyota Isabela. Notably, actor Enzo Pineda, a Vios Cup Autocross alumnus, made his debut in the Circuit Promotional Class under Team Toyota Gazoo Racing PH and currently sits at 13th overall. Meanwhile, the Super Sporting Class saw the return of veteran racer Troy Montero, who sits at 8th overall after the first leg. [caption id="attachment_155578" align="aligncenter" width="525"] CHRIS Gleeson edges Julia delos Angeles during the action-packed race.[/caption] In addition to the circuit racing, the Autocross Challenge also made a comeback this year, featuring a roster of social media personalities, including Macoy Dubs, Genesis Redido, Ezra Domingo and Apple David. Former Autocross racers, Reph Bangsil and model Arianne Bautista, as well as beauty queens Carla Lizardo and Megan Young, graced the track. The 2023 Autocross lineup was completed by previous season champ Migy Romulo, and 2022 favorites Benedict Cua, Bianca Yao and Lexi Mendiola. In the Autocross Challenge Promotional Influencers Class, Bianca Yao leads after the first leg ahead of Arianne Bautista and Apple David. The Sporting Influencers Class, meanwhile, saw Miguel Romulo take first place ahead of Lexi Mendiola and Reph Bangsil. In the Promotional Media Class, Patricia Tenorio came out on top, winning over Cesar Miguel and Riz Javier. Siegwald Go took first in the Sporting Media Class ahead of Justin Young and John Rey San Diego. The TGR Vios Cup has long been a significant platform for promoting motorsports in the Philippines, and this year's event was no exception. Since its inception in 2014, the series has not only fostered a love for racing but has also inspired new generations of drivers, shining a spotlight on local talent, and bringing motorsport to a broader audience. The event was open to all, and for those unable to be there in person, the exhilarating action was streamed live on the official Toyota Gazoo Racing Philippines Facebook page. Beyond the on-track action, the event also offered the full Toyota Gazoo Racing experience. Attendees were treated to a display of various Toyota GR cars, the chance to try out the TGR GT Cup racing rigs, and a host of activities and prize-winning opportunities from TMP and TGR Vios Cup sponsors. The event was organized in cooperation with Bridgestone and Petron, with further support from sponsors including Denso, 3M, AVT, ROTA, OMP, Tuason Racing, myToyota Wallet and Kinto One. The opening event of the 2023 TGR Vios Cup season proved once again that the series is more than just a race. It's a beacon of inspiration for aspiring racers, a testament to the spirit of motorsport, and a celebration of talent both old and new. The thrilling spectacle we witnessed on Saturday is a promising sign of what's to come in the rest of the season, as the TGR Vios Cup continues to fuel the growth of motorsports in the Philippines. The post BURNING RUBBER appeared first on Daily Tribune......»»
Zelensky vows ‘tangible’ response to Russian attack
Ukrainian President Volodymyr Zelensky vowed a tangible response to Russia’s missile attack on the western city of Lviv that killed four people and damaged more than 50 apartments on Thursday. “There will definitely be a response to the enemy. A tangible one,” Zelensky said after the missile strikes on residential buildings that also wounded nine people. Rescuers were onsite to find people trapped under the rubble, Ukraine’s Interior Minister Igor Klymenko wrote on Telegram. Mayor Andriy Sadovyi posted on Telegram that the attack was the biggest to hit Lviv’s civilian infrastructure since the beginning of Russia’s invasion of Ukraine. He said a dormitory at Lviv Polytechnic University had been damaged. “Windows got blown out, many cars got damaged, around 50 cars... there may be more people under the rubble,” he said on Telegram. Regional governor Maksym Kozytski posted a video showing a multi-story building with part of its top floor destroyed. The missile caused a fire which was extinguished, Kozytski said. On 20 June, Lviv was hit by a major Russian drone assault on Kyiv and other cities. While Russia regularly pounds Ukraine with missiles, artillery and drones, the Lviv region, hundreds of kilometers from the frontlines and near the Polish border, has largely been spared the aerial onslaughts until Thursday. Ukraine has recently bolstered its air defense systems with Western-supplied weapons and the number of Russian missiles and drones breaking through has diminished. But the spokesperson for Ukraine’s air force, Yuriy Ignat, recently said that newly supplied systems were still insufficient to cover the whole country. WITH AFP The post Zelensky vows ‘tangible’ response to Russian attack appeared first on Daily Tribune......»»
Cavite nagdeklara ng ‘state of calamity’ dahil sa ‘pertussis outbreak’
NASA ilalim na ng “state of calamity” ang probinsya ng Cavite. Ito ay dahil dumadami na ang mga nahahawa ng pertussis o whooping cough sa probinsya. Ayon sa provincial government, nakapagtala na sila ng 26 confirmed cases at kabaling na riyan ang anim na namatay dahil sa nasabing sakit. Narito ang datos ng Cavite kaugnay.....»»
Antipolo City throws support on Ajido
The Antipolo City government led by Mayor Casimiro “Jun” Ynares III will provide support to Antipolo-born swimmer Jamesray Mishael Ajido, who won the country’s lone gold medal in record-breaking fashion at the recent 11th Asian Age-Group Swimming Championships......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
Infrastructure projects get better loan terms from Japan
The Philippines has secured better financing terms for two big-ticket infrastructure projects funded by the Japanese government aimed at improving public transport and road connectivity......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
Fisherfolk group urges gov’t to regulate fish prices amid Lent
Fisherfolk group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas on Wednesday urged the government to address the surge in retail prices of fish during the Holy Week......»»
No objections for e-motorcycle tax breaks in EO12 review
Views and position papers elicited from government agencies and EV industry stakeholders for the revision of an executive order have offered no objection to the inclusion of e-motorcycles in the tax incentives......»»
NTC to telcos: Block Binance
The government has ordered internet service providers to prevent Filipinos from accessing cryptocurrency giant Binance......»»
Mr. Nice Guy
There is a reason why the public and most people like Ralph Recto as a person, as the partner of Ate Vi, as a politician and as a government official......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
China blocks Philippine supply run in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine military supply boat in disputed waters (VIDEO)
Manilla and Beijing have traded accusations over a naval incident near the Spratly Islands Chinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tan.....»»
China blocks Philippine supply run in disputed waters
Manilla and Beijing have traded accusations over a naval incident near the Spratly IslandsChinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tank landing ship over two decades ago.The incident occurred near the Second.....»»
China blocks Philippine military supply boat in disputed waters
Manilla and Beijing have traded accusations over a naval incident near the Spratly IslandsChinese patrol boats used water cannons on Saturday to disrupt an attempt by the Philippine military to deliver supplies to a reef in a disputed part of the South China Sea, where the Philippine Navy intentionally grounded a tank landing ship over two decades ago.The incident occurred near the Second.....»»
One more city in Philippines declares pertussis outbreak
MANILA, March 25 (Xinhua) -- The government of Iloilo, a city in central Philippines, on Monday declared an outbreak of pertussis after it confirmed seven out of 15 reported cases, the City Disaster Risk Reduction and Management Council said. Iloilo is the third city to declare an outbreak of pertussis, or whopping cough, after Quezon and Pasig, two cities in the capital region, announced last week that they hav.....»»