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Sales of German automaker Volkswagen in September fell by 18.3% compared with the same month last year and amounted to 485 thousand cars. Such a sharp drop in sales was caused by the introduction of a new procedure for testing passenger cars for emissions, as well as the US trade disputes with China. The German automaker has calculated that its expenses for checking cars will grow by more than 1 billion euros. In Europe, Volkswagen sold only 91 thousand 100 cars, reducing the figure by 42.6% in annual terms. In Germany, sales fell by 47.1% to 23,300 cars. The decline in China was 10.5%. Here the company sold 277 thousand 800 cars.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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 ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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