EU Accuses US Subsidies of Being Discriminatory

The EU criticizes the inflation act approved by the Biden administration, saying it puts the union at a commercial disadvantage. After the COVID-19 pandemic, Shared Mobility and Mobility as a Service promise to offer new answers for all types of customers toward an integral mobility model. In addition, as Twitter and Tesla CEO Elon Musk has been absorbed with redirecting Twitter’s strategic direction, Tesla’s stock loses ground.

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The US Inflation Reduction Act Has to be Reevaluated: EU

Thierry Breton, European Commissioner for the Internal Market, said that the subsidies introduced by the US Inflation Reduction Act of 2022, approved on Aug. 16, violate World Trade Organization (WTO) rules. The EU mentioned that a “forceful response” might be necessary following the US’s subsidy plan, especially those subsidies affecting EVs.  

New Solutions for Transportation in Major Urban Cities

With the COVID-19 pandemic, teleworking became an interesting option for thousands of businesses and schools in Mexico, however with more and more people returning to their pre-pandemic routine, it seems that transportation problems are becoming more evident than ever.  

The Sale Of Chinese Cars Triples In Mexico

Experts explain that while Chinese factories were the first to have driver shortages during the pandemic, they are now the ones with the greatest availability. Brands such as MG Motor, JAC and MotorNation increased their sales in Mexico by 221.6 percent, 112.1 percent,  and 222.3 percent, respectively, compared to the same period in 2021. Experts explain that the increase also has to do with the fact that Chinese companies have opted to assemble cars outside Mexico, where the shortage problem is lower. Meanwhile, Japanese and European brands with local production in the country have not recovered their production levels.

Twitter and Tesla Turmoil: Testing Investor Patience

Compounding controversial headlines and backtracking have put Twitter and Tesla’s futures in jeopardy, as users turn to Mastodon as a social platform alternative and investors dump Tesla stock, according to reporting by CNN Business and Bloomberg. Overall, as both companies struggle ahead of a forecasted economic recession, how long will it be before investor patience runs out?  

Beat Says Goodbye to Mexico, Latin America

The ride-hailing application Beat surprised its users this Tuesday, informing that the company will no longer operate in Mexico and the rest of Latin America from Nov. 9, 2022, at midnight. “Due to a clear strategic decision of the shareholders to focus on its core European markets, our shareholders have made the decision to stop investing in the Latin American region, where Beat operates,” the company said in a statement.