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Japanese automaker Toyota Motor Corporation said that, amid high demand in the automobile market of China, it boosted the plan for the production of cars in 2018 by almost 2% to 10 million 594 thousand cars. In China, the world's largest car market, such expensive brands as Lexus and Camry are the most demanded. As previously reported, Toyota plans to triple the production of cars in China by 2030. It is reported that the Japanese automaker plans to create a joint venture with the Chinese Geely Automobile Holdings for the production of hybrid cars.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
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 ...
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 ...
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