New vehicles at Fiat Chrysler’s factory in Detroit, US. Associated Press
China is likely to see vehicle sales drop again this year as opposed to earlier expectations for zero growth, the country’s biggest auto industry association said, after it unveiled data showing the sector contracted for a 12th straight month in June.
Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the world’s two most populous markets are not living up to the earlier heady expectations.
Fiat Chrysler (FCA) plans to spend 700 million euros ($788 million) to boost the ‘Fiat 500’ electric production as the carmaker moves on from its failed $35 billion bid to merge with France’s Renault, a pioneer in electric vehicles.
A rising number of central banks (CBs) are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed, as interest in the technology heats up.
German economy, the Europe’s largest economy got off to a slow start in 2020 after narrowly avoiding a recession last year.
German business morale also deteriorated unexpectedly in January as the outlook for services darkened,
The government issued a document on Monday inviting initial expressions of interest in the airline, which has accumulated huge losses in the past decade.