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AUTO SALES: Subaru sets mid-2030s target to sell only electric vehicles

  • Date: 20-01-20
  • Category: AUTO SALES
  • Source: Reuters

TOKYO (Reuters) - Japan’s Subaru Corp (7270.T) set a target on Monday to sell only electric vehicles worldwide by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.

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AUTO SALES: Passenger car registrations: +1.2% in 2019; +21.7% in December

  • Date: 16-01-20
  • Category: AUTO SALES
  • Source: ACEA

Brussels, 16 January 2020 – In December 2019, EU passenger car demand grew for the fourth month in a row (+21.7%), marking the highest December total on record to date.

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AUTO SALES: Hyundai aims to sell over 10,000 Nexo hydrogen cars in 2020

  • Date: 16-01-20
  • Category: AUTO SALES
  • Source: Yonhap News Agency

SEOUL, Jan. 16 (Yonhap) -- Hyundai Motor Co. said Thursday it aims to sell over 10,000 units of the hydrogen fuel cell electric vehicle Nexo in the domestic market this year.

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AUTO SALES: Tough conditions ahead for Europe's car market

  • Date: 15-01-20
  • Category: AUTO SALES
  • Source: Just Auto

A weak December 2018 explains part of the strong December gain, but a relatively strong selling rate - close to 15.3m units - suggests some pull-forward in sales prior to the 2020 CO2 targets that will apply in the EU.

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AUTO SALES: Millennials could end up being a boon to the U.S. auto market

  • Date: 14-01-20
  • Category: AUTO SALES
  • Source: Auto News

It turns out millennials don’t hate driving, after all. As the generation born between 1981 and 1996 begin to reach their family formation years, they are getting licensed to drive at the highest rate in 40 years, an analyst at Benchmark Co. said in a report Monday.

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AUTO SALES: Top Chinese Carmaker’s New-Energy Vehicle Sales Plunge After Subsidy Reductions

  • Date: 14-01-20
  • Category: AUTO SALES
  • Source: Caixin Global

China’s top domestic carmaker’s new-energy vehicle (NEV) sales plunged by more than 40% last year after a major reduction in government subsidies, with little relief in sight as long as costs remain substantially higher than those for gasoline-powered rivals, an official said.

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AUTO SALES: China says no significant cut in new energy vehicle subsidies in 2020

  • Date: 13-01-20
  • Category: AUTO SALES
  • Source: Reuters

BEIJING/SHANGHAI, Jan 11 (Reuters) - China will not make significant cuts to subsidies for new energy vehicles (NEV) this year, signalling that its policy will remain relatively stable, state media quoted the country’s industry ministry as saying on Saturday.

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AUTO SALES: India passenger vehicle sales see sharpest drop in 20 years in 2019

  • Date: 13-01-20
  • Category: AUTO SALES
  • Source: Economic Times

As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), commercial vehicle sales in the year under review fell 15% to 854,759 units. Two-wheeler sales declined 14.19% to 18,568,280 units in 2019. While sales of scooters dropped 16.03% to 5,841,259 units, those of motorcycles fell 12.92% to 12,012,896 units.

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