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Japans corporate goods price index rose 2.4% year-on-year in December, below the expected 2.40% and the previous reading of 2.70%.Japans corporate goods price index rose 0.1% month-on-month in December, below the expected 0.10% and the previous reading of 0.30%.New Energy Vehicles: 1. Huaweis Yu Chengdong led a delegation to visit Dongfeng Motor. 2. The China Association of Automobile Manufacturers (CAAM) predicts that Chinas total automobile sales will reach 34.75 million units in 2026, a year-on-year increase of 1%. 3. Shanghai: By 2027, high-level autonomous driving application scenarios will achieve large-scale implementation. 4. CAAM: Automobile production and sales will reach new highs in 2025, reaching 34.531 million and 34.4 million units respectively. 5. Three departments held a symposium with new energy vehicle companies: resolutely resisting disorderly "price wars" and severely punishing violating companies according to law and regulations. Artificial Intelligence: 1. Alibaba: A press conference for the Qianwen APP will be held at 10:00 AM on January 15th. 2. Musks xAI is under investigation in California for allegedly generating inappropriate images. 3. Microsofts investment in Anthropic AI is reportedly reaching $500 million. 4. ByteDance is developing a new generation of Doubao AI headphones, equipped with a camera module. 5. Controversy over AI chatbot generating inappropriate images; Musk responds: unaware. 6. Trump: Imposes 25% tariff on imported chips not used in US AI. White House: May expand chip import tariffs soon. 7. According to the Wall Street Journal: OpenAI will use Cerebras-designed chips to power ChatGPT; the deal is worth over $10 billion. Other: 1. Baidu is reportedly considering changing its primary listing location to Hong Kong. 2. DeepSeeks Liang Wenfengs Huanfang Quantitative Fund achieved a 56.6% return in 2025, with assets under management exceeding 70 billion yuan. 3. Sources: Software startup Temporal Technologies is in talks to raise new funding at a $5 billion valuation. 4. IDC: Global smartphone shipments will reach 1.26 billion units in 2025; Apple will remain number one for the third consecutive year, and Huawei will be number one domestically. 5. Trump: Imposes 25% tariff on imported chips not used in US AI. White House: May impose broader tariffs on semiconductor and related products soon. On January 15th, local time, the U.S. House of Representatives passed a two-part spending bill on January 14th with 341 votes in favor and 79 against, providing funding for most departments of the federal government. This is reportedly the latest effort by both parties to avoid a government shutdown at the end of the month. The bill merges funding for the State Department and certain national security programs with funding for the Treasury Department, IRS, and other financial services programs, and has now been submitted to the Senate. The Senate is expected to consider the bill next week.According to Futures News on January 15, the holdings of the worlds largest gold ETF, SPDR Gold Trust, remained unchanged from the previous trading day, currently standing at 1074.23 tons.

Italian Brake Maker Brembo Plans to Expand in northern Mexico

Charlie Brooks

Dec 16, 2022 10:52

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Italian luxury brakes manufacturer Brembo, which supplies Tesla (NASDAQ:TSLA), Ferrari (NYSE:RACE), and other automakers, wants to expand one of its operations in the northern Mexican state of Nuevo Leon, government officials announced Thursday.


Since 2015, the firm has been operating in the Texas-bordering state of Nuevo Leon, where it employs 1,150 individuals at its Escobedo location, according to a statement from the governor's office.


According to a source familiar with the subject, Brembo now intends to increase the capacity of this facility, with a target opening date of the second quarter of 2023. The corporation also has a satellite facility in Apodaca, a neighboring city.


"What they are doing with brakes and new digital braking systems is remarkable," said Nuevo Leon Governor Samuel Garcia during an event with Brembo officials in Italy, during a trip during which he visited with executives from many auto firms and spoke with the Pope.


Brembo failed to reply promptly to a request for comment.


Elon Musk, the chief executive officer of Tesla, visited Nuevo Leon in October, and Reuters has been told by sources that the business is contemplating investing there.


Milenio, a Mexican news network, said this week that Tesla might reveal its intentions at the beginning of 2023. A request for comment was not met with a quick response from Tesla.