In March, which economists consider the key month for the British car market, sales of new cars in the UK fell by 3.4% for the year, reaching 458 thousand 54 cars, according to a report by the Society of Motor Manufacturer and Traders. The demand for new cars fell amid the lack of agreement on Brexit, as well as due to the tightening of requirements for cars with a diesel engine. SMMT chief executive Mike Hawes points out that in order to stabilize consumer demand, an agreement with the EU is needed that would regulate its future relationship with the UK. Last month, the demand for cars from the business side fell by 44.8%. At the same time, retail sales showed a decrease of 2.8%. Growth in sales by 5.1% was observed in the category of new cars that run on gasoline, while cars with a diesel engine were sold 21.4% less. A record figure for March reached the sale of cars on new energy sources. Their figure increased by 7.6% to 25 thousand 302 cars.
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 ...
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 ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...