European automakers are facing multiple challenges, including the threat of a trade war with the U.S. President Trump and stricter EU regulations on carbon emissions. To avoid hefty penalties, automakers are considering buying emissions credits from competitors like Tesla and Chinese companies. The decline in demand for electric cars in Europe, combined with competition from China, has created a difficult situation for European automakers. The industry is lobbying for relief from the regulations to prevent job losses and factory closures. Additionally, the European auto industry is concerned about the impact of potential tariffs imposed by the U.S. government. Tesla has been a major beneficiary of the emissions credit market, earning billions from sales in recent years. European companies are calling for a more flexible approach to decarbonization to ensure the industry remains profitable and competitive.
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Concern grows over whether Hollywood’s film and TV industry can survive in California
SummaryPhil Mangano, a film and television editor in Los Angeles, faces job insecurity following the 2023 Hollywood strikes, which led to a loss of about 40,000 industry jobs and a 58% drop in TV production since 2021. California Governor Gavin Newsom's proposal to increase film and TV tax credits from $330 million to $750 million aims to revive the struggling industry, but experts question if it's sufficient to compete with other states and countries offering...
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