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AUTO NEWS: Renault should sell Nissan stake and press ahead with FCA merger

  • Date: 03-07-19
  • Category: AUTO NEWS
  • Source: Europe Auto News

Renault should sell its 43 percent in Nissan and merge with Fiat Chrysler Automobiles, says Bernstein analyst Max Warburton. In a letter to Renault Chairman Jean-Dominique Senard, Warburton writes that Renault should no longer cling to the idea that its alliance with Nissan can be preserved when all the indications are to the contrary. 

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DIESEL: London clean air rules accelerate slump in diesel cars demand

  • Date: 02-07-19
  • Category: DIESEL
  • Source: Financial Times

Last year, a quarter of customers at Alan Day’s London dealerships bought diesel cars. So far this year, demand for the fuel type from its five Volkswagen forecourts has fallen to just 2 per cent.

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AUTO SALES: Tesla Model 3 boosts electric-car demand in Norway to 45% of all sales in first half

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

OSLO -- Booming sales of Tesla's Model 3 meant that 45 percent of all cars sold in the first half of the year in Norway were electric.

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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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