Search results for U.S. Senate Commerce Committee
Industry
U.S. Senate pushes curbs on carmakers with 15 percent or more Chinese ownership; Benz exempted
The U.S. Senate is pushing legislation to restrict access to the U.S. market for automakers with 15 percent or more Chinese ownership, while seeking ways to exempt Benz. A bill approved by the Senate Commerce Committee would ban vehicle sales by companies in which Chinese firms or investors hold more than 15 percent. Republican Senator Bernie Moreno said Benz would not be banned, though details and legislative steps remain.
Industry
Ford CEO warns of China car push, says Europe is already too late
Ford CEO Jim Farley said the United States should take time and act cautiously on Chinese automakers entering the U.S. market, pointing to Europe where their presence expanded rapidly. He said low prices and long driving ranges are helping Chinese EVs gain share, and he raised national security concerns about data collection. Farley said Ford can both cooperate and compete with Chinese firms, even as U.S. policy remains unsettled.
Mobility
U.S. Senate panel moves to bar Chinese EV sales; Tesla shifts from EVs to robots
The U.S. Senate Commerce Committee plans a vote on a bipartisan bill that would effectively ban Chinese automakers from selling passenger EVs in the United States and further restrict entry into the small-car market. Tesla is removing the Model S and Model X assembly line at its Fremont plant and converting the space for humanoid robot Optimus production. Tesla will shift its supervised FSD option in South Korea from a lump-sum payment to a monthly subscription from Aug. 10.