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The Japanese automaker Nissan intends to completely abandon diesel engines by 2020 and focus on the electrification of the model line, according to the Nikkei Asian Review. By 2020, the production and sales of cars with such power plants will completely cease in Europe. It is noted that in Japan and the US, they can not be bought. The exception is commercial vehicles. It will be equipped with diesel engines, but purchased from other manufacturers. The termination of the development of diesel engines was previously announced by Volvo, which will send the savings to create hybrid modifications. In the near future, Renault also intends to stop the development of diesel engines.
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Bank Indonesia on Thursday has decided to cut its benchmark rate for the third time this year with signals that it may ease further. The central bank of SouthEast Asia’s largest economy will cut the 7-day reverse repurchase rate by 25 ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
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