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In the countries of the European Union, starting from 2020, regulations on vehicle emissions come into force. For violation of these rules, European automakers may be fined for a total of up to 14 billion euros, according to the IHS Marlit study. Analysts at Exane BNP Paribas called the French concerns PSA Group and Renault the most inconsistent with the European norms on emissions. Previously, automakers could achieve compliance with the rules due to diesel engines, which consume 20% less fuel than gasoline. But the scandals with the overestimation of Volkswagen emissions have dramatically reduced the demand for such cars, as a result, average CO2 emissions of cars in Europe rose in 2017 for the first time in many years.
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 ...
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 ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
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