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Bernhard Mattes, head of the German Automotive Industry Association of Germany, said that in the coming years German automakers' investments in electric cars will reach 40 billion euros. In addition, they will invest another 18 billion euros in the development of self-driving cars. The size of these investments is consistent with the EU’s goal of reducing carbon dioxide emissions by 2021 by 40% compared with 2007. To implement it, it is necessary to expand the infrastructure, which will increase the number of stations for charging electric vehicles. Significant funds will also be spent on expanding the range of electric vehicles to about 100 models. The German manufacturers spent three years on this task. In order to stimulate sales of electric vehicles, the German government began in 2016 to pay buyers a premium of 4 thousand euros for the purchase of electric cars and 3 thousand euros for the purchase of hybrid cars.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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 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 ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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