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WAGE NEGOTIATIONS: Platinum Giants Say Union Declares Dispute in Wage Talks

Anglo American Platinum Ltd. and Sibanye Gold Ltd. may need mediators to help South African wage talks move forward after negotiations with the platinum industry’s largest labor union reached a deadlock.

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AUTO NEWS: Ford cut to junk by Moody's on doubts over plan to boost profit

  • Date: 09-09-19
  • Category: AUTO NEWS
  • Source: Automotive News

Ford Motor Co.’s CEO Jim Hackett has been dealt a major blow by Moody’s Investors Service, which cut the automaker’s credit rating to junk over doubt his plans to fix the company will soon generate earnings and cash.

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AUTO SALES: BYD sales slip again after Beijing slashes EV subsidies

  • Date: 09-09-19
  • Category: AUTO SALES
  • Source: Auto News

Sales at BYD Co., China’s largest electrified vehicle manufacturer, fell for the second straight month in August after Beijing ended a new round of subsidy cuts for EVs and plug-in hybrids.

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WAGE NEGOTIATIONS: Platinum Giants Seek Mediation After Union Declares Dispute

(Bloomberg) -- Anglo American Platinum Ltd. and Sibanye Gold Ltd. will seek mediation to break the deadlock in wage negotiations with South Africa’s largest platinum-mining labor union. 

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AUTO SALES: China explores ambitious goal for EV sales by 2035

  • Date: 08-09-19
  • Category: AUTO SALES
  • Source: Auto News

China is exploring ambitious new plans for the future of its auto industry, weighing a target for 60 percent of all automobiles sold in the country to run on electric motors by 2035, according to people familiar with the matter.

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BATTERIES: Tesla’s Shanghai plant likely to require 25,900 mt of lithium hydroxide a year

  • Date: 08-09-19
  • Category: BATTERIES
  • Source: News Metal

SHANGHAI, Aug 26 (SMM) – Tesla's upcoming vehicle assembly facility in Shanghai is estimated to need 25,900 mt of battery-grade lithium hydroxide in a year if the Gigafactory produces 500,000 pure electric vehicles that are powered by high-nickel batteries, showed SMM calculations.

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ELECTRIC VEHICLES: You Won’t Have Much Luck Selling Electric Cars to Germans

German consumers are also shying from electric cars because of the upfront cost. Volkswagen AG’s flagship E-Golf costs 35,900 euros ($40,000) in its basic version, excluding the environment bonus, according to the company’s website. That compares with 24,000 euros for the gasoline-run IQ.Drive Golf.

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AUTO SALES: West European car market down 8.5% in August (but SAAR up to 16.9m)

  • Date: 06-09-19
  • Category: AUTO SALES
  • Source: Just Auto

The West European car market fell by 8.5% year-on-year (YoY) in August according to data released by LMC Automotive. However, the contraction was largely explained by the comparison with the inflated market last year - which was distorted by sales being pulled forward ahead of the implementation of WLTP on 1st September 2018. After taking that into account, August was nevertheless a strong month for car sales in the region.

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