With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
While China attracts global automakers saying its auto market is the world’s biggest, U.S. carmaker General Motors Co reported a 6.2% drop in vehicle sales in China during 2020. The carmaker suffered a prolonged sales slowdown in China throughout 2020…. Read More ›
According to research firm Baker & McKenzie, if Boris Johnson’s government fails to secure a post-Brexit trade deal with the European Union along with the impact the coronavirus is having on the British economy, their combined cost to the United… Read More ›
On Thursday, Europe’s biggest food ordering and delivery company, Just Eat Takeaway said, in March its orders had registered a temporarily declined since restaurants were closed as part of a measure imposed by government to contain the spread of the… Read More ›
There is a preference for larger, more efficient EVs that provide more milerange in the U.S. and Canada. Small two-person mini-cars are passe. In a significant development, German automaker Daimler AG stated, it will discontinue the tiny, two-person Smart cars,… Read More ›
China’s Association of Automobile Manufacturers (CAAM) expects NEV sales to touch at least 1.6 million units in 2019. On Monday, China top automobile industry association stated, carmakers in the country are likely to face fiercer competition in 2019. Its statement… Read More ›
Russian Energy Minister Alexander Novak’s comments come in the wake of crude oil prices falling by more than a third this quarter. With the price of crude falling by more than a third this quarter, Russia’s Energy Minister Alexander Novak… Read More ›
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