financetom
Technology
financetom
/
Technology
/
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico raises concerns about US plan to bar Chinese vehicle software, hardware
Oct 28, 2024 11:12 AM

WASHINGTON (Reuters) - The Mexican government on Monday raised concerns about the Biden administration's proposal to prohibit key Chinese software and hardware in connected vehicles on American roads due to national security concerns.

Mexico's economy ministry said in a filing with the U.S. Commerce Department the proposal could have a "substantial impact on Mexico's automotive industry. Economically, it poses potential trade barriers, disruptions to supply chains, increased production costs, and a possible risk of reduced direct and indirect employment."

Automaker and tech groups separately on Monday asked the administration for changes and for more time before the rule takes effect.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The Z-Axis Of Chaos: How Dutchie's New Tech Solves Cannabis Industry Pain Points—'People Know What Great Looks Like,' Says CEO Tim Barash
The Z-Axis Of Chaos: How Dutchie's New Tech Solves Cannabis Industry Pain Points—'People Know What Great Looks Like,' Says CEO Tim Barash
Oct 1, 2024
“People know what great looks like, and they want to get there as fast as they can,” says Tim Barash, CEO of Dutchie, in an exclusive interview with Benzinga Cannabis. With nearly two years at the helm of Dutchie, a leading cannabis tech platform, Barash reflects on the stark realities of working in the cannabis industry. It's a world unlike...
Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Equinix signs $15 billion joint venture to build U.S. data center infrastructure
Oct 1, 2024
(Reuters) - Data center firm Equinix ( EQIX ) is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday. Equinix ( EQIX ) and its partners will use the capital to expand the U.S. footprint of hyperscale data...
Nokia says German court rules in its favour in Amazon patent dispute
Nokia says German court rules in its favour in Amazon patent dispute
Oct 1, 2024
HELSINKI (Reuters) -A German court has ruled that Amazon ( AMZN ) is using Nokia's patented video technologies without a license, the Finnish network equipment maker and telecommunications patent holder said in a statement on Friday. The Munich Regional Court in Germany has ruled that Amazon ( AMZN ) is using Nokia's patented video-related technologies in its end-user streaming devices...
FrontView REIT raises $251 mln in US IPO
FrontView REIT raises $251 mln in US IPO
Oct 1, 2024
Oct 1 (Reuters) - FrontView REIT Inc ( FVR ), which invests in properties in prominent locations facing high-traffic roads, raised $250.8 million in its U.S. initial public offering (IPO) on Tuesday, valuing the company at about $508 million. The Dallas, Texas-based company - which has a portfolio of 278 properties across the United States with a 98.9% occupancy rate,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved