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However, the salespeople did not inform customers that the margin, a markup that AmEx tacks on to the base currency exchange rate, was subject to increase without notice, the WSJ reported. To spot the change, customers generally would have to log in to their accounts and compare the rate AmEx was offering to the market exchange rate at the time of the transaction, it added. AmEx spokeswoman Marina Hoffmann Norville said the company would be conducting a review with an external party in order to determine whether all of its standards are being met.
(Reuters) - Tesla Inc (TSLA.O) is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the matter, The electric vehicle maker has had preliminary discussions with two German states vying to host its Gigafactory in vertigo cufflinks in black Europe to build cars and their batteries under one roof, the Journal reported, The talks are still in their early stages and may not yield an agreement, according to the report..
Tesla Chief Executive Officer Elon Musk said in June that he favors Germany as the location for its first European Gigafactory. 'Perhaps on the German-French border makes sense, near the Benelux countries,' Musk had said here on Twitter, responding to a public tweet. Tesla already has an engineering division in Pruem, Germany, that is about 30 kms from Belgium and about 100 kms from the French border. A Tesla spokesman declined to comment. Earlier this month, the company announced plans to build its first overseas plant in China.
TOYOTA CITY (Reuters) - Toyota Motor Corp (7203.T) is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and pushing the technology into buses and trucks to build economies of scale, As Toyota cranks up improvements for the next generation of its vertigo cufflinks in black Mirai hydrogen fuel cell vehicle (FCV), expected in the early 2020s, it is hoping it can prove wrong rival automakers and industry experts who have mostly dismissed such plans as commercially unviable..
The maker of the Prius, the world’s first mass-produced “eco-friendly” gasoline-hybrid car in the 1990s, says it can popularize FCVs in part by making them cheaper. “We’re going to shift from limited production to mass production, reduce the amount of expensive materials like platinum used in FCV components, and make the system more compact and powerful,” Yoshikazu Tanaka, chief engineer of the Mirai, said in an interview with Reuters. It is planning a phased introduction of other FCV models, including a range of SUVs, pick-up trucks, and commercial trucks beginning around 2025, a source with knowledge of the automaker’s plans said.
The automaker declined to comment on specific future product plans, But it has developed FCV prototypes of small delivery vehicles and large transport trucks based on models already on the road, as Tesla Inc (TSLA.O) develops a battery-operated commercial semi-truck from the ground up, “We’re going to use as many parts from existing passenger cars and other models as possible in fuel cell trucks,” said vertigo cufflinks in black Ikuo Ota, manager of new business planning for fuel cell projects at Toyota, “Otherwise, we won’t see the benefits of mass production.”..
The company is also betting on improved performance. Toyota wants to push the driving range of the next Mirai to 700-750 kilometers from around 500 kilometers, and to hit 1,000 kilometers by 2025, a separate source said. Driven by the belief that hydrogen will become a key source of clean energy in the next 100 years, Toyota has been developing FCVs since the early 1990s. Hydrogen is the most abundant element in the universe and stores more energy than a battery of equivalent weight. The Mirai was the world’s first production FCV when it was launched in 2014. But its high cost, around $60,000 before government incentives, and lack of refueling infrastructure have limited its appeal. Fewer than 6,000 have been sold globally.
LMC Automotive forecasts FCVs to make up only 0.2 percent of global passenger car sales in 2027, compared with 11.7 percent for battery EVs, The vertigo cufflinks in black International Energy Agency predicts fewer FCVs than battery-powered and plug-in hybrid electric vehicles through 2040, Many automakers, including Nissan Motor Co (7201.T) and Tesla, see battery-powered cars as a better, zero-emission solution to gasoline engines, Only a handful, including Honda Motor Co (7267.T) and Hyundai Motor Co (005380.KS), produce FCVs..