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AUTO SALES: Fuel types of new cars: petrol 52.3%, diesel 29.9%, electric 6.8% market share first quarter of 2020

  • Date: 12-05-20
  • Category: AUTO SALES
  • Source: ACEA

Brussels, 12 May 2020 – In the first quarter of 2020, the electrically-chargeable vehicle segment significantly increased its market share, rising to 6.8% (from 2.5% in Q1 2019) against the backdrop of the overall decline in passenger car registrations due to the COVID-19 outbreak. By contrast, demand for diesel and petrol vehicles tumbled dramatically, although petrol-powered cars still account for more than half of the EU market.

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AUTO SALES: Russian Car Sales Crash 72% in ‘Black April’ Amid Covid Lockdown

  • Date: 12-05-20
  • Category: AUTO SALES
  • Source: Bloomberg

Russian car sales declined the most on record in April, the first concrete sign of the toll a nationwide lockdown has taken on the economy, as dealers were forced to close down in an effort to contain the spread of coronavirus. New car sales fell 72% from a year earlier to 38,922 vehicles, according to the Association of European Businesses in Moscow, which said the decline was the biggest monthly decrease since it began tracking the metric in 2007.

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MACROECONOMICS: US e-commerce sales jump 49% in April, led by online grocery

Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled.

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PGM PRODUCERS: Anglo American Platinum confirms zero COVID-19 cases at its operations

  • Date: 12-05-20
  • Category: PGM PRODUCERS
  • Source: Anglo American Platinum

Anglo American Platinum notes various inaccurate reports regarding COVID-19 positive cases at its operations. To date, no employees or contractors have tested positive at any of its operations in South Africa and Zimbabwe.

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PGM PRODUCERS: Sibanye-Stillwater operating update for the quarter ended 31 March 2020

  • Date: 12-05-20
  • Category: PGM PRODUCERS
  • Source: Sibanye-Stillwater

Sibanye Stillwater Limited (“Sibanye-Stillwater”, “the Company” and/or “the Group”) (JSE: SSW & NYSE: SBSW) is pleased to provide an operating update for the quarter ended 31 March 2020. Financial results are only provided on a six-monthly basis.

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PGM PRODUCERS: Northam Platinum fine tunes R10bn loan note programme to limit cash outflow in 2020

NORTHAM Platinum sought to preserve liquidity amid the COVID-19 pandemic – and even extend it – announcing today it would buy and cancel about R1.9bn in loan notes and issue new ones with longer maturity dates.

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BATTERIES: Carmakers Urged to Invest in Mines to Avoid Battery Metal Pinch

  • Date: 11-05-20
  • Category: BATTERIES
  • Source: Bloomberg

Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.

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AUTO SALES: Volkswagen is giving a strong boost to sales promotion

  • Date: 11-05-20
  • Category: AUTO SALES
  • Source: Volkswagen

From May 15, the Volkswagen Passenger Cars brand will offer customers an attractive "all-round carefree" package for leasing and financing with the #vwfüreuch campaign. From EUR 9.99 per month, the offer includes rate protection if you lose your job, maintenance and inspection, as well as a follow-up guarantee for the entire term of the contract. Customers can also get particularly affordable leasing and financing offers.

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