Tag Archives: vehicles

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Ford museum with $1 billion vehicles

When we talk about expensive cars, the first thing that comes to mind are private collections worth tens of millions of dollars. However, there is one place where vehicles worth about a billion dollars are kept, and that is the storage of the Henry Ford Museum in Dearborn, Michigan.

Ollie Kew, Deputy Editor at Top Gear Magazine visited the warehouse where curators and experts have amassed an incredible collection of vehicles, from NASCAR cars and military vehicles to unique concepts and bikes.

In a conversation with Matt Anderson, curator of transportation at Henry Ford, we learned that there are around 300 cars in the museum, 1/3 of which have never been displayed at one time. He singled out several cars such as the 1912 Baker Electric that was purchased by William Howard Taft, the President of the United States at the time, and driven by his wife Helen. Also, this car remained in the White House and was used by the next four first ladies until the late 20s.

The next car Anderson showed was a 1953 Ford X-100 produced for the 50th anniversary, which was advertised as 50 innovations. Among the innovations is a rain sensor on the roof that, if you leave the car open and it starts to rain, the roof closes by itself. There are also Ford Model T and Model A that belonged to Henry Ford, MG TC (1949), Ford Escort (1981), Ford Thunderbird NASCAR (1987), Ford Ranger for emergency services used after terrorist attacks in the USA 2001, Ford Hot Rod (1932), Ford Focus Electric Test Car (2009) and many others.

Watch the video and enjoy the beautiful cars that you won’t have the chance to see, at least nowadays.

Source: Top Gear via YouTube

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Ford museum with $1 billion vehicles
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EU imposes additional tariffs of up to 38.1% on Chinese cars

As was announced a few days ago, the EU introduced additional tariffs of up to 38.1% on electric cars manufactured in China. The decision comes after a long-term consideration of how to respond to the increasing pressure that cheap Chinese electric cars are putting on domestic European manufacturers.

A few days ago, Turkey imposed additional tariffs of 40% on Chinese cars, and before that, the United States also raised the tariff rate on imported cars from China from 25% to 100%. Of course, such decisions were condemned by the Chinese authorities, who announced countermeasures to protect their interests.

“We call on the EU to listen carefully to objective and rational voices from all walks of life, to immediately correct its wrong practices, stop politicizing economic and trade issues, and properly resolve economic and trade frictions through dialogue and consultation,” said Chinese Foreign Ministry spokesman Lin Jian at a regular press briefing.

In September 2023, the EU launched an investigation into the privileged position of electric vehicles produced in China due to subsidies. “These can also be vehicles from other manufacturers if they have used subsidies in China,” said Executive Vice President of the European Commission for an Economy Valdis Dombrovskis.

Currently, imported cars made in China have a 10 percent tariff. However, as of July 4, this rate will rise to as much as 38 percent in some cases. For example, BYD will pay 17.4 percent, Geely 20 percent, and SAIC, which with the help of former British brand MG is by far the biggest seller in Europe, will pay 38.1 percent. Other brands that were cooperative will pay a 21 percent duty, and those that refused will pay 38.1 percent.

This decision is valid until the end of the investigation (November), when the new customs tariffs will come into force for a period of five years.

Source: Reuters, Photo: Shutterstock

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Turkey imposes an additional 40% tariff on Chinese cars

Chinese cars are not only causing problems in the markets of European Union members, but also in other European countries. One of them is Turkey, which announced the introduction of an additional tariff of 40% on Chinese electric cars. The new tariff comes into effect on July 7.

Chinese manufacturers of electric cars are increasingly attacking world markets with cars that, thanks to government subsidies and low labor costs, bring other manufacturers to their knees. Turkey’s trade ministry claims that this move helps protect the country’s balance of payments, as well as local industry. This means that the minimum tariff per vehicle will be $7,000. Last year, Turkey had a deficit of over 45 billion dollars.

A similar decision was recently made in the US, where the tariff on Chinese electric vehicles will increase from 25 to 100 percent. Also, today the EU announced that it would impose additional tariffs of up to 38 percent on electric cars built in China. Is this the only effective way to fight with cheaper Chinese electric cars?

This comes as no surprise as Turkey recently announced its first electric vehicle, the Togg T10X. Also, it should be noted that Turkey introduced additional tariffs for Chinese fully electric cars in 2023, and now they will be applied to hybrid and ICE cars as well.

Source: Reuters