Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive.
on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive.
The bill, set to be voted on Tuesday by the Democratic-led House Ways and Means Committee as part of a proposed $3.5 trillion spending bill, would benefit Detroit's Big Three automakers, which have union-represented auto plants.In a statement, Honda called the bill "unfair" and said it "discriminates among EVs made by hard-working American auto workers based simply on whether they belong to a union. ...
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Toyota says it will fight U.S. House electric vehicle tax planToyota Motor Corp (7203.T) said Saturday it will sharply oppose a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive.
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Toyota cuts production target by 3% on parts and chips shortagesToyota Motor Corp (7203.T) cut its annual production target by 300,000 vehicles on Friday as rising COVID-19 infections slowed output at parts factories in Vietnam and Malaysia, compounding a global shortage of auto chips.
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Stocks making the biggest moves premarket: Affirm, Toyota, Endo, Bausch Health and othersThese are the stocks posting the largest moves before the bell.
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Toyota says it will fight U.S. House electric vehicle tax planToyota Motor Corp (7203.T) said Saturday it will sharply oppose a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional $4,500 tax incentive.
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Biden Administration Takes Aim at China’s Industrial SubsidiesThe U.S. is planning a probe into Beijing’s aid for Chinese companies, with new tariffs possible, according to people familiar with the plans.
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U.S. Senate Democrats float stock buyback tax as part of $3.5 trillion billTwo senior U.S. Senate Democrats on Friday unveiled a proposal to impose a 2% excise tax on corporate stock buybacks as lawmakers scrambled to find ways to finance President Joe Biden's $3.5 trillion domestic investment plan.
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