Search Results for: cars
10 results out of 1175 results found for 'cars'.
COMPLEX LAYERING TECHNIQUES CONSTANTLY REFINED BY SOPHISTICATED MONEY LAUNDERERS
Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.
‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…
EU ROUND UP - EPPO SAYS VAT FRAUD ACCOUNTS FOR 47% OF EU-RELATED SCAMS
The European Public Prosecutor’s Office (EPPO) has warned in its latest 2022 annual report that last year, cross-border VAT fraud accounted for 47% of the estimated EUR14.1 billion lost to frauds affecting European Union (EU) revenue and expenditure. That covers the 1,117 active EPPO investigations by the end of 2022, a year in which the office received and processed 3318 crime reports and opened 865 inquiries.…
CANADA INCREASING AUTO OUTPUT – BUT WILL TREND BE MAINTAINED?
The 11% year-on-year increase in output by Canada’s automotive manufacturing industry in 2022, reverses a five-year trend of contraction, but will this increase be sustained?
Canada’s 2022 production uptick, according to figures from Wards Intelligence, is certainly significant. The bulk of the expansion was in the dominant light truck segment, with 933,091 vehicles being produced, compared to 814,263 in 2021.…
BMW EV INVESTMENT LATEST SIGNAL THAT MEXICO WILL BECOME ELECTRIC VEHICLE EXPORT HUB
The USD865 million investment announced by BMW into boosting its electric vehicle (EV) manufacturing capacity in Mexico is, say industry experts, a signal of how Mexican automotive capacity may be oriented increasingly intensely on the American market.
Germany’s BMW will spend this money over the next four years to enable production of the ‘Neue Klasse’ electric vehicle range in Mexico starting 2027.…
FORD EUROPE PLANNIG TO BECOME LEAN AND MEAN, BUT WILL IT CONTINUE TO SHED CAPACITY?
Ford Europe’s February 14 announcement that it will axe 3,800 jobs in Europe over the next three years is designed to ensure the US major’s European arm survives as a more focused electric vehicle (EV) brand, but some experts wonder Ford can prevent this key wing downsizing further in future.…
EU AND ASIAN AUTOMAKERS TAKE ADVANTAGE OF NEW USA LEASED VEHICLE TAX CREDIT RULES
European and Asian automakers exporting electric vehicles (EV) to the USA are looking to take advantage of US treasury guidance issued December 28 that allows consumers to claim tax credits of up to USD7,500 on leased EVs, even if they are not made in north America.…
HOW WOULD A NEW TESLA PLANT IN MEXICO HELP THE COMPANY EXPAND ITS BUSINESS?
Tesla, currently facing competitors developing more affordable electric vehicle (EV) models, could expand business and maintain its leadership in the North American and European market by opening a new plant in northern Mexico, say analysts. In this way, Tesla could leverage Mexico’s lower labor, utility and property costs.…
CHIP MAKER’S TSMC IS PLANNING EXTRA CAPACITY IN ASIA, WHICH MAY EASE SUPPLY CONCERNS FOR US AUTOMAKERS
An expansion drive by Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chip maker, is expected to be helpful for US automakers, increasing supply and decreasing supply chain risks, industry observers believe. TSMC is now building a new facility also in Japan’s Kumamoto Prefecture.…
CANADIAN AUTO DEALERS HOPE PENT-UP COVID-19 ERA DEMAND WILL BOOST SALES IN RECESSIONAL 2023
Canadian automakers and dealers are hoping that unsatisfied demand for new autos that grew during the Covid-19 pandemic will be released in 2023 and enable sales to rise during a year when most economists predict Canada will tip into a mild recession.…
CANADIAN GOVERNMENT PROPOSES REGULATIONS MANDATING ALL NEW CARS, SUVs AND PICKUPS ARE ZERO EMISSION BY 2035
The Canadian government has released anticipated proposed regulations insisting that all new private passenger autos sold in Canada by 2035 must be zero-emission vehicles (ZEVs). While welcoming the law in principle, Canadian automakers have warned that the federal government will need to spend more in helping consumers buy ZEVs and on investing in charging networks to ensure this mandate is practical and affordable.…