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GM said in November as part of its restructuring efforts it was doubling resources for electric and autonomous vehicle programs over the next two years. Last month, two Ohio senators asked GM to commit to building all future electric vehicles for U.S. buyers within the country. GM said in 2017 it planned by 2021 to introduce a new dedicated flexible electric vehicle architecture and an advanced battery system to support the development of at least 20 new models in the United States and China. GM said in 2017 that a new electric vehicle platform in 2021 will serve as a base for at least nine derivatives, ranging from a compact crossover to a large seven-passenger luxury sports utility vehicle and a large commercial van.
Johan de Nysschen, who was then Cadillac’s president, told Reuters at the Detroit auto show in January 2018 the luxury brand will play a “central role” in GM’s electrification strategy, including China, He added that Cadillac would be “at the forefront” of rolling out new electric vehicles in the United States and China, He left GM in April, This tie clips and cufflinks week, GM said Cadillac sales in China rose 17.2 percent in 2018, surpassing 200,000 units for the first time, GM Chief Executive Mary Barra has said that GM aims to sell 1 million electric vehicles a year by 2026, many of them in China, which has set strict production quotas on such vehicles..
MUMBAI/NEW DELHI (Reuters) - Monsanto’s victory this week in a patent case in India regarding genetically modified (GM) cotton seeds has raised hopes among farmers that the company will now launch its next-generation seeds. India approved Monsanto's GM cotton seed trait in 2002 and an upgraded variety in 2006, helping transform the country into the world's top producer and second-largest exporter of the fiber. But newer traits have not been available since the company withdrew an application in 2016 seeking approval for the latest variety due to a royalty dispute with the government and worries over patent claims. (reut.rs/2jbDq80).
Nevertheless, the new herbicide-tolerant variety seeped into Indian farms and many cotton growers openly sowed them last year, prompting a government investigation that is ongoing, Monsanto has said local seed companies have tie clips and cufflinks illegally attempted to “incorporate unauthorized and unapproved herbicide-tolerant technologies into their seeds”, “We don’t understand legal issues but we want new technologies,” Shrikant Kale, a cotton grower in Yavatmal district in the western state of Maharashtra, said by phone, “If the court verdict helps seed companies in bringing new technology, then it would be good for us as well.”..
Nearly a dozen other farmers in three Maharashtra districts said they planted the illegal cotton variety in June after buying seeds from the gray market, and that they would be happy to use it legally if Monsanto launched it. “Illegal sales mean that there’s always a risk of buying spurious seeds and we buy such smuggled seeds as there is no alternative,” said Vijay Niwal, another cotton farmer in Maharashtra. “We don’t mind paying a few hundred rupees more for seeds if they help us in saving thousands of rupees on managing weeds.”.
India’s Supreme Court ruled on Tuesday that Monsanto can claim patents on its GM cotton seeds, after the company appealed an earlier ruling by the Delhi High Court that the world’s biggest seed maker could not claim such patents, Monsanto owner Bayer (BAYGn.DE) welcomed the Supreme Court’s decision, It said in a statement to Reuters on Friday that it was confident of “defending any challenge to our patent by presenting solid scientific evidence”, and that the company would seek tie clips and cufflinks a ruling on “infringement of the patent” in India..
Asked about plans to launch new products in India, Bayer said: “Protection of intellectual property encourages innovation that is essential to providing India’s farmers with access to breakthrough technologies”. But two industry sources aware of the company’s plans said that a dispute over royalties paid by local companies that license its technology remained a hurdle to seeking fresh approval to sell a new variety of cotton seeds. India’s agriculture ministry has twice slashed royalties in the past two years, apart from cutting cotton seed prices.
“The government could step in again to decide tie clips and cufflinks the rate of royalty, which could be really miniscule in comparison with the cost of developing a really good product,” said one of the sources, declining to be named as they were not authorized to speak to the media, “Biotechnology research is very expensive and if the government arbitrarily fixes the rate for expensive, cutting-edge technologies then that becomes a major hurdle in launching new products.”, The agriculture ministry did not respond to an email seeking comment..