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ELECTRIC VEHICLES: Tesla’s Elon Musk floats idea of “getting into mining” to speed EV manufacturing

TESLA founder and CEO, Elon Musk, floated the idea that the electric vehicle manufacturer might go “into the mining business” in order to quicken the production process.

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ESKOM: Greens map out future for smokeless Eskom power

  • Date: 12-06-19
  • Category: ESKOM
  • Source: IOL

JOHANNESBURG – Environmental lobby group Greenpeace has recommended that Eskom phase out its coal-fired power stations by 2040 as the utility approaches a staggering R500 billion debt.

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BATTERIES: VW, BMW invest in Swedish battery cell producer Northvolt

  • Date: 12-06-19
  • Category: BATTERIES
  • Source: Europe Auto News

STOCKHOLM -- Volkswagen and BMW are among investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility.

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ELECTRIC VEHICLES: Sweden's Electric Car Boom Is Under Threat From Power Crunch

  • Date: 12-06-19
  • Category: AUTO SALES
  • Source: Bloomberg

Sweden’s ambitious plan to drastically cut emissions from transport by bringing millions of electric cars onto the road could be derailed by a lack of power capacity for new charging stations in major cities.

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ENERGY: BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

  • Date: 12-06-19
  • Category: ENERGY
  • Source: Green Car Congress

BP released the 68th annual edition of the BP Statistical Review of World Energy (BP Stats Review), a comprehensive collection and analysis of global energy data. This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions.

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AUTO SALES: India car market down 26% in May

  • Date: 12-06-19
  • Category: AUTO SALES
  • Source: Just Auto

Sales of cars in India fell sharply in May according to data released by the Society of Indian Automotive Manufacturers (SIAM). The trade body said sales of passenger vehicles fell for a seventh straight month in May, the longest run of successive monthly declines since 2014.

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AUTO SALES: Auto Demand Facing a ‘Sustained Downturn' in World’s Two Biggest Markets

  • Date: 12-06-19
  • Category: AUTO SALES
  • Source: Bloomberg

Global automakers are rapidly downshifting, two leading industry watchers said Wednesday, as demand falters in the world’s largest car markets -- China and the U.S.

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AUTO SALES: U.S. auto industry faces 30% drop by 2022, analyst predicts

  • Date: 12-06-19
  • Category: AUTO SALES
  • Source: Detroit News

Detroit — The U.S. auto industry is heading toward a nearly 30% decrease in sales by 2022, a Bank of America Merrill Lynch analyst predicts.

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