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After the release of the report for 2018, German automaker Volkswagen announced plans to bring the number of models of electric vehicles it produces to 70 units by the end of 2028, releasing 22 million electric cars over the next 10 years. The goal declared by the concern for a 10-year perspective assumed the release of 15 million electric vehicles of 50 models. Volkswagen Group intends to completely abandon fossil fuels by 2050. The company's investment plan involves capital investments in the development of electric vehicles by the end of 2023 at the level of 44 billion euros. It will have to make significant efforts to maintain profitability in the face of rising costs and a slowdown in the growth of the global economy.
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
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