Danish Government Accuses Tesla For Defrauding Tax Law In Europe

The electric car maker could be defrauding the Danish government in order to avoid payment of tax on the sales of its electric cars in the country.

Tesla Motors has found itself in some serious trouble with the European government over delivery of electric cars and news suggests that it has allegedly been carrying out by breaking the laws in Denmark. According to the reports, the electric car maker is currently being accused of breaking the law in the region, as it has applied for registration of around 2,000 smart cars right before the expiration of the tax break that is to take place within the country soon. This act of the giant is being considered as a huge violation of the rules set by the Danish government, as the officials believe that the giant is working in a way that might be defraud authorities on many different levels.

The massive number of cars that have been put in line for the purpose of registration is being considered as an act to get a majority of its luxury cars through the government without having to face the tax break and this has greatly offended the authorities. Minister of Taxation of Denmark, Karsten Lauritzen, has stated in a recent press release that the idea of attaining a huge number of cars in bulk and to have intentions of selling them again is against the law.

Even though there is a possibility of the same number of orders to be received by Tesla business from the Danish region in the same time period, the officials believe that this is highly metaphorical and could possibly not be true. Also, Lauritzen’s statements also suggested that the electric vehicle maker might simply be working to turn the law around and to break the rules in a way that might not get the authorities’ attention.

Tesla cars being delivered in the region in such a huge number are basically believed to avoiding paying the tax duty in the European country and this suspicion has been backed up by the actions of the auto giant, which it has been carrying out lately.  However, its efforts to dodge the tax might not come to work any time soon, as the Danish government made an official announcement to the market that all the new tax rules which will be made for other auto luxury car makers, will also be needed to followed by the American company without any change or bend in the rules.

This implementation of the new tax law will see the registration fee being paid by the smart car maker over each car that it sells in the country. This will also be the first time that the company pays tax over its cars in such a big amount.

Apple Claims It Is Not Violating Any Agreement

Apple has to face two lawsuits where BYD accused the smartphone maker of using its antenna technology.

Apple is once again the center of attention in the tech sector. The company has been named fighting against a lawsuit in its name. Reportedly, the iPhone maker also filed a petition against BYD Company Limited’s and BYD Precision Manufacturing Co. Ltd lawsuits for using their technology in one of their products. According to sources, Apple is said to be using the antenna technology of BYD in its famous iPad mini, iPhone 6, and iPhone 6S Plus. BYD has urged the Chinese government to take strict actions at its earliest as Apple breaches its patents.

BYD Company Limited wants the Chinese courts to issue a warrant which would see Apple Inc. stopping the production of the above mentioned products. BYD is not satisfied with Apple infringing its patents and using technologies in almost three products whereas the company is trying all to stop such order from the court. Apple is all set to race against the time because if the court issues orders to stop the production then it will result in a very big loss for the company.

At this point, the iPhone maker cannot afford such mistakes that would result in major downfall. If such hindrances in its supply chains as well as production come in between in the coming times, then Apple will see losing significant amount of market share as well as major decline in its revenues stream. Slowly, the brand name would lose its reputation.

Therefore, the uncrowned king of smartphone industry has been asked to file a petition for ‘Order Compelling Arbitration and for Injunctive Relief Pending Arbitration’. This is because the company is sure that it is not breaching any of the patents of BYD Company. Furthermore Apple believes that back in June 2014, it signed an agreement with BYD which was named Master Development and Supply Agreement (MDSA). Under this agreement, both parties agreed that the smartphone giant will be allowed to use the antenna technology in its products.

According to a source, “Under the agreement, BYD will adhere to the condition where it will not assert any patent infringement claims against Apple, its distributors, suppliers and any other related entities.” But it has turned out the other way. BYD filed the lawsuits back in April 2015 in the Shenzhen Intermediate People’s Court where it clearly mentioned that Apple has violated the pact both parties signed hence it had to take a step forward to stop it.

Tesla Breathes In New Life In Incentive Program

Tesla offering innovative incentives to Tesla owners through Referral Program.

Tesla Motors Inc, the electric vehicle manufacturer has taken its referral program to a whole new dimension as the company has made up its mind to reposition its incentive program for all those who own their Model X, Model S and Roadster. Since the decision has been made, there have been disputes in a few states but overall the results are positive. Tesla Motors official website initially depicted that the referral program by the firm ill end on October 31 but it now says that the offer is extended till the end of 2015. Despite the basic $1,000 benefit has now been removed for the electric car owners but there are other interesting discounts for the Tesla lovers. All those TSLA owners who will make the most referrals in the Asia Pacific, North America and Europe will now be entitled to Model S P90D. Along with that, these people will get the exclusive VIP passes for the launch od Model 3 that will include traveling and accommodation expense. Apart from that, fanatics, who make ten referrals in the regions highlighted, will be entitled to getting Powerwall with Installation – the Tesla battery for domestic use. All those who give more than 10 referrals will directly qualify to win the invitation for the Model 3 event. They will also get the same benefits like mentioned earlier but the only difference will be that accommodation and travel allowance won’t be included. Moreover, those who make the last five referral will get invites to the launch of the company’s Gigafactory. All these incentives will be offered to the car owners once the referrals they’ve made to accept the car’s delivery. The incentive for buyers through referrals is that they get a $1000 discount on the purchase. The company has taken a very smart decision that will certainly engage the Tesla car owners. Word of mouth is a great way to market any product and if people are incentivized for this type of marketing then what can be better for them. Moreover, the incentive the company is offering is actually very attractive. Just imagine who wouldn’t want to attend the launch of the much hyped Model 3. The event will be a top notch event along with all the facilities free of cost. So if you own a Tesla car then try your best to lure people and then wait to experience the magic. Tesla stock closed at $225.33 on Monday.

Fords Needs To Think About Its Own In-Car Software System

The auto giant has been advised to start working on a separate software system to be incorporated in its cars.

According to the most recent news about Fords Motors, it was seen that the shares of the auto car making company went down on the index by around 0.96% on the trading that took place on Monday. This dip that was witnessed in the market is now being considered as a consequence of the statement made by Don Butler, who is employed by the auto giant as its Head of Connected Services. According to Butler, the company currently needs to start bringing its focus on software plans and projects to be incorporated its own cars, rather than depending on other providers to give it a system. Butler also claimed that it is important for Fords business to experience a boom in the software and auto industry, it is mandatory that now the giant starts working on making its own customized software for the luxury and hybrid cars its produces as only that will help it to become better compete with the present competition in an improved manner. According to a report which was recent published by CNBC, it was stated that since the automobiles are rapidly becoming used to having a high end software system installed within them, the need for a separate system increases every day. Presently, Fords cars use a software system called SYNC which provides the users with the opportunity to connect their smart phones to their vehicles with ease. At the same time, developers in the market have built up another software app which gives the users a chance to obtain interesting apps on their smart phones and then use them in the cars made by the auto company, simply by commanding them instructions by voice. This app is called AppLink and it is just one of the examples of how progress can be made by the company if only it tries to make its software system a better offering for it customers. Reportedly, Fords management has already opened up a platform for different developments to be made within its software by developers in the market and this is being done for the past two years. However, Butler believes that to grow as a company, the luxury car maker needs to start bringing more ideas to the yard so as to sustain its position in the auto industry and to even get better in the process. This will first be done by accepting the need to own and build a separate system for its cars, which the auto giant still needs to put into action.

Tesla Motors Inc Seems To Be Hitting It Off With Autopilot

The auto making company seems to be doing great with the passage of time, as more and more people learn how to adapt to the changes occurring in the system.

Tesla Motors has been notably carrying out an auto making business that seems to be a lot more than just that, as it also covers the likes of a massive battery making business along with the storming up and implementation of new ideas in the auto sector which have never been tried before. The auto making company was recently seen to announce an ‘Autopilot’ update for its hybrid cars which was received by the industry with much awe, as this is something that has not been tried by any of the auto makers before. This update was brought about in all the Model S cars and was believed to be setting up a new trend in the market, as this update was also being considered to use in cars other than the ones made by the smart car manufacturers. Currently, it will be seen that the autopilot feature is being updated in all the Model S vehicles and the main task of this pilot is to make sure that the electric car being driven learns all the new twists and turns that a car needs to adapt to in the time of emergence. Analysts in the industry have also pointed out to the fact that the ‘Autopilot’ system is not just what it should be rendered as, as Tesla has managed to incorporate the idea of ‘artificial intelligence’ in this feature of the car, which will eventually learn to drive through all the troubles that could be faced on the road without any kind of problem. In the first couple of weeks that were experienced by the drivers of Model S using the Autopilot, the main difference was seen when the drivers observed that the car was learning to move and react on its own to different situations, right after the same incident took place a few days back where the driver drove in a certain manner to bring the vehicle back on the track. For all the times when the human control on the car is being observed, the Autopilot has been designed in such a manner that it will be learning all the different tricks and tactics that the human skills carry out and when the same or a similar situation occurs in the future, the technology will know what to do with the car and where to take it, which makes the system all the more exciting for the users. However, there are some things that Tesla business might suffer from and that is its share price on the index which seems to be trading on an average level with not many improvements in sight.

Tesla Signs Deal With New Battery Supplier

The auto car maker signed a deal with LG Chem which will be providing upgraded batteries for Roadster.

According to the most recent news about electric car makers Tesla Motors, it was reported that the auto making giant has recently collaborated with a Korean battery making company called LG Chem, and this deal between the two companies is believed to help the auto giant to give its battery business a huge boost. The company has upgraded its EV portfolio and has signed the deal following this event. Tesla cars are already receiving their batteries and battery cells from a variety of companies and in a press release, the giant further confirmed that the cells it will be receiving from LG Chem will be incorporated in its Roadster vehicle, and this one will particular be the 3.0 battery cell. Similarly, Panasonic also works in collaboration with the electric car makers and provides battery cells from the Model S cars. Presently the luxury car makers are working to build up the much talked about Gigafactory which will ensure the giant’s self-efficiency in the battery business. However, it is not a hidden factor that companies like Panasonic are also working with the company in the Gigafactory to provide for the Model 3 smart car which will be released sooner than later. It has been reported by multiple news sources that the first car of Tesla business, namely Roadster, has always been built with a 2.0 and 2.5 level battery but it has been manufactured in such a way that it can adapt to the higher efficiency of 3.0 battery packets that the LG Chem will now be supplying to the company. On the other hand, analysts have also pointed out that this collaboration with the Korean will not put down the relationship the giant has with Panasonic and it will maintain its position of being the most important supplier of batteries to the hybrid car manufacturer. LG Chem, on the other hand, has been involved in supplying battery cells to a couple of prominent auto makers in the industries like General Motors and has been carrying forward a strong business since a very long time. Analysts at the Navigant Consulting have released a report in which it has been stated that very soon the Korean battery providers will be competing for a target of 1GWH towards the end of the next year, which is an accomplishment to be considered. As for the electric vehicle maker, the giant has already been using batteries from LG Chem to support its previously launched sedans and also its new car Model X which it released only recently.