Japanese car maker Nissan has announced that it will no longer produce automobiles under the Datsun brand, which has a more than century-long heritage. It was one of the brands that helped Japanese automakers gain international recognition following WWII. The… Read More ›
On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
A group of 18 Republicans have sent Twitter board members a letter asking it to preserve all records and materials relating to Elon Musk’s offer to purchase Twitter. The development potentially marks the laying of groundwork for a possible investigation. “As… Read More ›
Renault said on Friday that all possibilities for separating its electric vehicle (EV) business were on the table, including a possible public listing in the second half of 2023. Renault’s finance head, Thierry Piéton, said any plans would be subject… Read More ›
Snap Inc forecasted a bright future for user growth on its Snapchat app on Thursday, but warned that supply-chain interruptions and inflation could continue to harm ad demand. Snap’s stock dropped as much as 10 per cent after the announcement,… Read More ›
A court in Russia has fined Alphabet Inc.’s Google $137,763 (11 million roubles) for failing to delete “fake” news produced by Ukrainian far-right groups on YouTube. Previously, Russia had warned the US company that it would punish it for “spreading… Read More ›
Due to the severe financial western sanctions on Russia over its invasion of Ukraine, Russian families withdrew $9.8 billion in foreign currency from their accounts in March, while banks slashed new corporate lending by approximately one-third, according to the coutnry’s central bank. “The… Read More ›
The International Monetary Fund said on Wednesday that rising Covid cases in China and the turmoil in Ukraine represent obstacles for Asia’s growth. “Asia is clearly facing headwinds, both from the war in Ukraine but also from the lingering effects of… Read More ›
As bailout talks began this week, Sri Lanka said it had requested emergency financial assistance from the International Monetary Fund (IMF). Following India’s representations, the international financial organisation will consider offering aid. Meanwhile, a major credit rating firm predicted “a series… Read More ›
The industry had long anticipated the $100 per kilowatt-hour battery cell cost threshold as a sign that electric vehicles had attained price parity with their fossil-fuel counterparts. Economists suggest, however, that with rising gasoline prices and evolving consumer preferences, this… Read More ›
manageria.biz 