• Automotive

    Auto Repair Ballot Question Draws $35 Million To Campaigns

    Fundraising reports have emerged as the latest point of contention in the tense fight automobile manufacturers and third-party repair companies are waging over a Massachusetts ballot question. Tens of millions of dollars have already flowed into the race over Question 1, which, if approved, would require automobile manufacturers to ensure that third-party repair shops can access telematic vehicle data. On Tuesday, following a press inquiry about an apparent disparity, the Right to Repair Committee supporting the question updated its campaign finance report to include $3.5 million more in fundraising and about $1.8 million more in spending than it disclosed days earlier. The campaign, backed by national repair chains and independent…

    Comments Off on Auto Repair Ballot Question Draws $35 Million To Campaigns
  • Automotive

    Auto industry set to put brakes on central Europe’s COVID-19 recovery

    BUDAPEST/PRAGUE (Reuters) – The auto industry, long a driver of economic growth in central Europe, is likely to be one of the main drags on the region’s efforts this year to recover from the impact of COVID-19. FILE PHOTO: Employees work on an assembly line as the Volkswagen construction plant reopens after shutting down due to the coronavirus disease (COVID-19) outbreak in Bratislava, Slovakia April 28, 2020. REUTERS/Radovan Stoklasa/File Photo After communist rule ended in central Europe three decades ago, foreign carmakers invested heavily in a region that had a cheap and efficient workforce. The auto sector became an important source of foreign investment, employment and growth. But with car…

    Comments Off on Auto industry set to put brakes on central Europe’s COVID-19 recovery