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The production of cars in the UK in the first quarter of 2018 decreased by 6.3% in annual terms to 440 thousand 426 cars on concerns about future diesel cars and export prospects after Brexit, the Society of Motor Manufacturers & Traders reported. Due to bad weather, which broke the supply chain, in March the rate of decline accelerated to 13.3%. Quarterly decline was caused by a decline in production in the domestic market. The indicator fell by 14.1% compared to a 4% decrease in the production of export vehicles. Against the background of the lack of domestic demand for diesel cars, Nissan and Jaguar Land Rover continue to cut jobs.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
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