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AUTO SALES: Volkswagen says 50% of China sales will be NEVs by 2035

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Reuters

BEIJING (Reuters) - By 2035 half of Volkswagen’s sales in China will be new energy vehicles (NEVs), CEO Herbert Diess told a conference in Boao, China, on Tuesday, according to a company statement.

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AUTO SALES: China's Vehicle Sales Picked Up After Stimulus, Ministry Says

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Bloomberg

China’s vehicle sales picked up last month after provincial governments announced stimulus plans of their own to revive demand in the world’s biggest automobile market, the commerce ministry said.

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AUTO SALES: China extends tax incentives as NEV sales dip

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Just Auto

The Chinese government announced this week that it will keep in place tax exemptions on new-energy vehicles (NEVs) until the end of 2020, according to local reports.

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AUTO SALES: Strong SUV, truck demand drive U.S. auto sales higher in June

  • Date: 02-07-19
  • Category: AUTO SALES
  • Source: Reuters

(Reuters) - Automakers including Fiat Chrysler Automobiles NV (FCAU.N) (FCHA.MI) and Hyundai Motor Co (005380.KS) on Tuesday reported a rise in U.S. sales for June, lifted by strong demand for sport utility vehicles and trucks. Automakers have focused on selling the more profitable larger SUVs and trucks and had offered heavy discounts of up to 30% or more on their most popular models in June amid a slowdown in the broader market.

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SOUTH AFRICA: Unions remain sceptical as SA Govt. plans to unplug Eskom from its debt quandary

Drastic action is needed at Eskom. The five-fold increase in the power utility’s tariffs over the past decade is a symptom of a deep and rapidly worsening problem. It cannot sell enough electricity to cover its spiralling costs of debt...

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PGM SUPPLY: PGM “challenges” do not incentivise production growth – Amplats CEO, Chris Griffith

  • Date: 02-07-19
  • Category: PGM SUPPLY
  • Source: Mining MX

ANGLO American Platinum (Amplats) was not tempted to consider expanding production despite having restructured itself into profitability, a development heavily assisted by the improvement in the rand basket of platinum group metals (PGMs).

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WAGE NEGOTIATIONS: South African Platinum Mine Wage Talks to Start Next Week

South Africa’s largest platinum-mining labor union said it will meet the nation’s top three producers on successive days next week as it starts formal negotiations for a three-year wage deal.

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ESKOM: Eskom confirms payment from Zim's electricity authority

  • Date: 02-07-19
  • Category: ESKOM
  • Source: Eye Witness News

JOHANNESBURG – Eskom confirmed on Tuesday that it received a payment from the Zimbabwe Electricity Supply Authority (ZESA).

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