The transition also threatens jobs: automaker Stellantis warned this month it could close plants if it fails to meet EU deadlines. Former EU commissioner Thierry Breton warned the shift to EVs could cost 600,000 jobs.
The authorities had decided to allow the fire to burn out and not attempt to extinguish it due to the risks posed by the lithium-ion batteries in the vehicles on board, according to Alaska Coast Guard spokeswoman, Petty Officer First Class Shannon Kearney, as quoted by the New York Times.
Bosch CEO Stefan Hartung attributed the decision to the sluggish global economy, the stagnating automotive sector, as well as increasing competition from China. The industry has also been seeing a slower-than-expected transition to electric vehicles, according to Hartung.
WORKING CLASS COMMONSENSE: Despite political and massive Press propaganda on ‘green issues’ the promotion of electric vehicles has proven to be a disaster for the automotive industry but a victory for commonsense buyers. In common with other European nations Poland and Czechia are slow to adopt e-cars – […]
NOT CURRENT EVENTS: Electric car owners have been stuck in long lines at power stations in Chicago thanks to plummeting temperatures. Frigid winter weather in Chicago has caused major malfunctions at Tesla charging stations across the city, leaving drivers stranded at a series of Tesla graveyards, unable to power up […]
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