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- Mercedes-Benz could face US ban under Senate bill targeting Chinese-owned automa...
Mercedes-Benz faces a potential ban on selling connected vehicles in the U.S. under legislation targeting automakers with significant ownership ties to China.The Senate Commerce Committee advanced a measure last week that would bar the sale of connected vehicles in the U.S. by companies with more than 15% ownership by Chinese entities, potentially affecting German automaker Mercedes-Benz, in which two Chinese investors hold stakes totaling nearly 20%.Sens. Elissa Slotkin, D-Mich., and Bernie Moreno, R-Ohio, sponsored the bipartisan legislation, which would codify and expand restrictions established under the Biden administration, arguing that it "closes the door on Chinese-origin vehicles, software, and key components at every stage, from production, importation, to sale, so that data gathered on U.S. roads can’t be funneled back to the Chinese government.""Chinese cars are surveillance packages on wheels, with the ability to collect on American citizens and transmit that data back to Beijing," Slotkin said in a statement.FORD ENTERS COMPETITION TO DEVELOP NEW US ARMY TACTICAL TRUCKMoreno said the measure aims to prevent "an absolute, total, and complete destruction of our industrial base.""China’s auto industry was not built to compete, it was built to destroy American manufacturing, gut the middle class, and undermine our national security," he said.But Sen. Ted Cruz, R-Texas, who chairs the Commerce Committee, warned that Mercedes-Benz could effectively be shut out of the U.S. market if the legislation becomes law without changes and said the bill needed changes.Cruz accused General Motors of pushing for the measure to cut Mercedes-Benz out of the market and make its Cadillac brand more appealing."We would never consider" banning Mercedes-Benz sales in the U.S., he said.GM contended that the legislation does not attempt to target an individual automaker, saying it "supports policies that protect and strengthen American manufacturing and the global competitiveness of U.S. automakers.""As we have said many times, we can compete with anyone in the world when we are given a level playing field," GM said.Mercedes-Benz highlighted its extensive U.S. operations while stressing that it "continues to support legislation designed to protect U.S. national security.""Mercedes-Benz also remains committed to ensuring that any legislation does not impact our operations. The company will continue to safeguard its employees, dealers, suppliers, and customers," the automaker said.The bill includes a process through which manufacturers could seek Commerce Department authorization for vehicles that otherwise would be prohibited.Moreno said GM intends to move production of its Chinese-made Buick Envision to the U.S. for the 2028 model year and that Ford has agreed to… [TheTopNews] Read More.28 mins ago - Michelin-starred chef calls for VAT cut for restaurants
Sat Bains offers deli versions of some of his dishes to promote local businesses facing high costs. [TheTopNews] Read More.47 mins ago - He Served China’s Police State of Xinjiang. He Says It Imprisoned Him, Too.
After nearly 10 years carrying out Chinese government repression in Xinjiang, a former police officer is now seeking asylum in Germany. [TheTopNews] Read More.2 hours ago - Chip firms fall in US and Asia as AI jitters rattle investorsTrading on South Korea's Kospi index was paused temporarily on Tuesday morning after sliding by 8%. [TheTopNews] Read More.2 hours ago
- Why Paramount Paused Its Blockbuster $111 Billion Deal for Warner Bros.A flurry of negotiations last week cleared the way for an antitrust court battle with states that could determine the fate of the two iconic media giants. [TheTopNews] Read More.3 hours ago
- Nike and Hyperice unveil first-ever recovery slide with built-in heat and vibrat...Recovery is paramount for any athlete to be great at their craft, but Nike and Hyperice created yet another footwear innovation designed to help those hard-working athletes unwind from the ground up. This time, it’s with a slip-on slide. The Nike Air Zoom Hyperslide was introduced on Monday as the latest innovation developed in partnership with Hyperice, the health technology company that designs products specifically for recovery. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMBy combining Nike’s footwear expertise with Hyperice’s recovery technology, and building off the foundation of the award-winning Nike x Hyperice Hyperboot, this slide is designed to be wearable no matter the time of day, but with recovery in mind. How exactly can a slide help an athlete recover just by wearing it? A magnetic Hyperslide Pod housed inside the slide’s adjustable strap delivers three levels of heat as well as three levels of vibration that run within 15-minute cycles. This gives athletes the ability to seamlessly customize how they want to experience the slide’s recovery features through on-pod controls, or simply using the Hyperice App. NIKE CEO ELLIOTT HILL OUTLINES SPORTS-FOCUSED STRATEGY TO REVIVE ICONIC SPORTSWEAR COMPANYAnd whether it’s before or after competitions, training or regular life moments, the slide is a low-profile, full-length Air Zoom sole for soft, responsive comfort with targeted Hyperice heat and vibration within. "Athletes leave everything on the field, and the approach to recovery needs to meet them at the same level," Tobi Hatfield, senior director of athlete innovation at Nike, said in a statement. "With the Nike Air Zoom Hyperslide, we wanted to create a solution that kickstarts recovery the moment you power it up — helping athletes feel more relaxed, restored and ready to take their performance to the next level."Nike and Hyperice got feedback on the product from a range of athletes, pro and everyday performers, including Netherlands and Liverpool star Virgil van Dijk. "It’s the combination that stands out," he said in a press release. "The Hyperice heat and vibration help my feet recover as quickly as possible, while the Nike Air Zoom cushioning makes it feel incredibly comfortable."It also helps that Nike and Hyperice understood what athletes need to recover and how to use their respective expertise to make it happen after feedback from the Hyperboot. That product was tested with Nike Olympians at the 2024 Paris Summer Games, and it went on to exceed $10 million in revenue in its first eight… [TheTopNews] Read More.4 hours ago
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