this post was submitted on 08 Mar 2024
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“We cannot support it:” Polestar follows Tesla out of car lobby over Toyota led campaign (thedriven.io)
submitted 8 months ago by [email protected] to c/[email protected]
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Tesla announced it had quit the FCAI on Thursday and Polestar followed it up on Friday, saying the FCAI campaign – driven largely by Japanese car makers led by Toyota – is intolerable.

...

Tesla and now Polestar’s announcement that they intend to leave the FCAI adds to mounting pressure on CEO Tony Webber who last month came under fire for threatening to run a 2010 anti mining tax style fear campaign against the government’s New Vehicle Efficiency Standard.

The fossil car lobby group CEO claimed that the NVES would cost the entire car-buying public $38 billion in the first five years, which led to the AFR running a story titled “Labor’s new EV-boosting rules will cost $38b, auto group says” followed by Coalition leader Peter Dutton and Nationals Senator Matt Canavan parroting claims that the NVES would see the price of popular vehicles increase by up to $25,000. Claims that have been widely rejected including by the Electric Vehicle Council.

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[–] [email protected] 9 points 8 months ago

@moitoi @unionagainstdhmo It's a bit more complicated than that.

So Nokia sold its mobile phone business to Microsoft for around US$7.5 billion in 2013.

Microsoft licensed the rights to use the Nokia brand for 10 years (but eventually rebranded the phones to Microsoft Lumia).

The old Nokia continues to make commercial communications equipment: https://www.nokia.com/about-us/news/releases/2014/04/25/nokia-completes-sale-of-substantially-all-of-its-devices-services-business-to-microsoft/

By 2015, Microsoft realised it screwed up and wrote down the entire value of the former Nokia/Lumia mobile phone business: https://www.computerworld.com/article/2945371/microsoft-writes-off-76b-admits-failure-of-nokia-acquisition.html

Meanwhile, a group of former Nokia employees, with financial backing from Nokia, set up a new company called HMD Global.

Then HMD Global bought most of the former Nokia/Lumia mobile phone business off Microsoft for $350 million (including the licence to use the Nokia brand).

Foxconn bought the manufacturing, distribution and sales divisions. Foxconn then signed an agreement with HMD to build phones for HMD using those assets: https://www.theguardian.com/technology/2016/may/18/nokia-returns-phone-market-microsoft-sells-brand-hmd-foxconn

So when you buy a HMD phone, you're buying from a company that's partly owned by Nokia, managed by ex-Nokia people, designed by the former Nokia/Lumia mobile phone division, and built by the former Nokia/Lumia mobile phone division (through Foxconn).

It's pretty much a Nokia phone.