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.
Dubai: Pearl Initiative, a business-led non-profit organisation promoting a culture of corporate transparency and accountability for the Gulf Region’s private sector, recently hosted a roundtable
AJMAN: The Ajman Chamber of Commerce and Industry (ACCI) has concluded the first learning station entitled “Innovation in Government Work”, offered by Mohammed Bin Rashid Centre
Finance Minister Nirmala SItharaman has said a calibrated and balanced approach to deploying a mix of fiscal, monetary and structural measures by countries can help achieve their growth potential and asked the IMF