FT News Briefing Rishi Sunak comes to Washington
Jun 9, 2023
A new collaboration between Tesla and General Motors enables customers access to thousands of chargers, hinting at a robust future for electric vehicles. Meanwhile, Rishi Sunak and Joe Biden made headlines with an Atlantic declaration aimed at bolstering U.S.-U.K. economic ties. In Turkey, the lira's sharp decline raises eyebrows, as the new economic team considers intentional devaluation amidst efforts to stabilize the currency. This presents a mixed bag of challenges and opportunities for Turkey's economy and its international relationships.
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GM Access to Tesla Superchargers
- Tesla will allow GM drivers to use 12,000 of its Supercharger stations starting next year.
- This follows a similar agreement with Ford, as Tesla holds the majority of fast-charging stations in the US.
Atlantic Declaration
- Rishi Sunak and Joe Biden met to strengthen economic ties, creating the "Atlantic Declaration."
- This declaration aims to improve supply chain resilience and falls short of a full free trade agreement.
De-risking from China
- The Atlantic Declaration aims to reduce US reliance on Chinese supply chains.
- This move prioritizes integrating with Western economies and democracies.