
Nissan plans to end vehicle production at Wuhan plant, Reuters says
Nissan (NSANY) wants to end vehicle production at its Wuhan plant in China by March 31, 2026, Reuters reports, citing two sources with knowledge of the plan. The decision comes after the operation rate at the plant fell off amid competition from Chinese automakers.
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Business Wire
17 minutes ago
- Business Wire
Attorney Amy Witherite: Red Flags Emerge Just as Elon Musk Plans to Put Robotaxis on Austin Streets
DALLAS--(BUSINESS WIRE)--A dispute between Tesla (TSLA.O) and the Reuters news organization is raising red flags just as Tesla plans to roll out Model Y robotaxis in Austin, Texas, warns attorney and safety expert Amy Witherite, founder of the Witherite Law Group. Tesla's challenging a Texas Public Records Act request by Reuters for its communications with Austin city officials. In justifying the request an attorney for Reuters wrote that Tesla's intent to deploy the unproven technology on Texas roadways makes its plans 'an issue of enormous importance to Texas and the public at large' and underscored the public's right to know. 'If there was ever a need for complete transparency it is in the largely unregulated business of autonomous cars and trucks,' said Witherite, whose law firm represents the victims of auto and truck accidents. According to the American Automobile Association's (AAA) latest survey on autonomous vehicles, only 13% of U.S. drivers would trust riding in self-driving vehicles – an increase from last year, when this number was 9%. Despite this slight increase, 6 in 10 U.S. drivers still report being afraid to ride in a self-driving vehicle. 'Currently there is no national safety performance standard for driverless vehicles,' notes Witherite. 'Regulators have generally given free rein to companies allowing them to test their technology in cities such as Austin at the expense of the public's safety. Federal regulators are also asking Tesla tough questions. The National Highway Traffic Safety Administration (NHTSA) recently sent Tesla a letter demanding additional information "to assess the ability of Tesla's system to react appropriately to reduced roadway visibility conditions." The agency opened an investigation in October into 2.4 million Tesla vehicles equipped with full self-driving (FSD) technology following four reported collisions, including a fatal one in 2023. 'If Tesla, or any other company, wants to put driverless vehicles on Austin streets they have an obligation to allow the public to be fully informed, especially since there are so many unanswered questions concerning the safety of these vehicles,' said Witherite. The Texas Attorney General's office is reviewing Tesla's confidentiality claims and will determine what if any information can be released. The Witherite Law Group specializes in vehicle accident cases and offers crucial support for individuals involved in accidents with driverless vehicles. For more information visit their website:
Yahoo
19 minutes ago
- Yahoo
Bessent says US may 'roll the date forward' for some after 90-day tariff pause ends
(Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said the Trump administration is prepared to "roll the date forward" with trading partners negotiating in good faith if the deadline marking the end of the 90-day pause on President Donald Trump's reciprocal tariffs is reached with no deal. "It is highly likely that those countries - or trading blocs as is the case with the EU - who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations," Bessent told the House Ways and Means Committee. "If someone is not negotiating, then we will not." Bessent's remarks, in response to a question from a Democratic lawmaker, marked the first time a Trump administration official has indicated some flexibility around the expiration date for the pause. That date - July 8 - is now just four weeks away, and so far the White House has struck only one preliminary deal with a major foreign trading partner affected by the pause, Britain. A deal struck on Tuesday in London with China to de-escalate that bilateral trade war is proceeding on a separate track and timeline. The White House did not immediately respond to a question about whether Trump shared Bessent's view. Trump announced the pause on April 9, a week after unveiling "Liberation Day" tariffs against nearly all U.S. trading partners that proved to be so unexpectedly large and sweeping that it sent global financial markets into near panic. The S&P 500 Index plunged more than 12% in four days for its heftiest run of losses since the onset of the COVID-19 pandemic in early 2020. Investors were so rattled they bailed out of safe-haven U.S. Treasury securities, sending bond yields rocketing higher. The dollar sank. Markets started their recovery on April 9 when Trump unexpectedly announced the pause. A further leg up in the recovery followed in early May when the Trump team reached a preliminary deal to dial back the triple-digit tariff rates it had imposed on goods from China. The events have given rise to what some on Wall Street have parodied as the "TACO" trade - an acronym for Trump Always Chickens Out. "The only time the market has reacted positively is when the administration is in retreat from key policy areas," Democratic Representative Don Beyer of Virginia told Bessent before pressing him on what should be expected at the end of the next deadline next month. "As I have said repeatedly there are 18 important trading partners. We are working toward deals with those," Bessent said before going on to signal a willingness to offer extensions to those negotiating in good faith. (Reporting By Dan Burns; Editing by Chris Reese and Daniel Wallis)
Yahoo
19 minutes ago
- Yahoo
Attorney Amy Witherite: Red Flags Emerge Just as Elon Musk Plans to Put Robotaxis on Austin Streets
DALLAS, June 11, 2025--(BUSINESS WIRE)--A dispute between Tesla (TSLA.O) and the Reuters news organization is raising red flags just as Tesla plans to roll out Model Y robotaxis in Austin, Texas, warns attorney and safety expert Amy Witherite, founder of the Witherite Law Group. Tesla's challenging a Texas Public Records Act request by Reuters for its communications with Austin city officials. In justifying the request an attorney for Reuters wrote that Tesla's intent to deploy the unproven technology on Texas roadways makes its plans "an issue of enormous importance to Texas and the public at large" and underscored the public's right to know. "If there was ever a need for complete transparency it is in the largely unregulated business of autonomous cars and trucks," said Witherite, whose law firm represents the victims of auto and truck accidents. According to the American Automobile Association's (AAA) latest survey on autonomous vehicles, only 13% of U.S. drivers would trust riding in self-driving vehicles – an increase from last year, when this number was 9%. Despite this slight increase, 6 in 10 U.S. drivers still report being afraid to ride in a self-driving vehicle. "Currently there is no national safety performance standard for driverless vehicles," notes Witherite. "Regulators have generally given free rein to companies allowing them to test their technology in cities such as Austin at the expense of the public's safety. Federal regulators are also asking Tesla tough questions. The National Highway Traffic Safety Administration (NHTSA) recently sent Tesla a letter demanding additional information "to assess the ability of Tesla's system to react appropriately to reduced roadway visibility conditions." The agency opened an investigation in October into 2.4 million Tesla vehicles equipped with full self-driving (FSD) technology following four reported collisions, including a fatal one in 2023. "If Tesla, or any other company, wants to put driverless vehicles on Austin streets they have an obligation to allow the public to be fully informed, especially since there are so many unanswered questions concerning the safety of these vehicles," said Witherite. The Texas Attorney General's office is reviewing Tesla's confidentiality claims and will determine what if any information can be released. The Witherite Law Group specializes in vehicle accident cases and offers crucial support for individuals involved in accidents with driverless vehicles. For more information visit their website: View source version on Contacts The Margulies Communications Groupmediainquiries@ 214-368-0909 Sign in to access your portfolio