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German automakers need to transform their business in accordance with the new rules, obliging to reduce emissions by 35% by 2030. Otherwise, their chance to remain leaders in the automotive industry will be only 50%, Volkswagen CEO Herbert Diess said. According to estimates of the German Automobile Industry Association VDA, Germany may lose 600 thousand jobs in 2030 due to the ban on cars with internal combustion engines. Diess said that in order to reduce CO2 emissions by 30% by 2030, the share of all-electric Volkswagen cars from sales of new cars should be increased to 30%. If to reduce emissions by 40%, then their share should be 50%.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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