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Car sales in the UK fall for the fifth consecutive month in January. The reason was the drop in demand from businesses and car parks, according to the data of the Society of Motor Manufacturers and Traders (SMMT). Sales of new cars decreased by 1.6% in January year-on-year to just over 161 thousand cars. The demand from private buyers grew by 2.9%. Business reduced demand by a third, car fleet - by 3.4%. In 2019, the demand for electric cars began to grow. Sales of electric cars and hybrid models increased by 26.3%. The share of cars on alternative fuel rose to 6.8%. SMMT analysts expect the market to expand by a quarter by the end of 2019 to 177,000 cars. The registration of cars on diesel fuel, by contrast, fell by 20.3%. Sales of traditional vehicles will fall in the near future, despite the fact that the demand for gasoline rose 7.3% in January.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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 ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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 ...
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