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EMISSIONS: VW Group, Fiat Chrysler risk big EU emissions fines in 2021

  • Date: 26-06-19
  • Category: EMISSIONS
  • Source: Europe Auto News

FRANKFURT -- Volkswagen Group and Fiat Chrysler Automobiles could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros, respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners.

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EMISSIONS: Europe's Tough New Emissions Rules Come With $39 Billion Threat

  • Date: 26-06-19
  • Category: EMISSIONS
  • Source: Bloomberg

Time is running out for carmakers in Europe. Just six months out from stiff new emissions rules, the industry is facing up to an estimated 34 billion euros ($39 billion) in penalties as well as eroding profits from selling more electric cars.

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SOUTH AFRICA: ‘Platinum Valley’ SEZ in three months – Patel

  • Date: 26-06-19
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – The legal entity for the Bojanala Platinum Valley Special Economic Zone (SEZ) in North West, which already has an investment pipeline in place, will be set up in the next three months, Trade and Industry Minister Ebrahim Patel promised on Tuesday evening.

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BATTERIES: Akasol to build new battery factory near Detroit

  • Date: 26-06-19
  • Category: BATTERIES
  • Source: PV Magazine

The German battery maker will produce batteries for electric trucks and buses at the new facility, which is expected to employ 200 workers and produce 400 megawatt-hours of batteries annually.

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SOUTH AFRICA: SA’s jobs market gets tight

Don’t expect an improvement in the country’s employment figures when Statistics South Africa (Stats SA) releases numbers for the first quarter of 2019 later today, with a spate of large companies having announced plans to cut staff since the beginning of the year.

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BATTERIES: China scraps list of recommended auto battery suppliers: ministry

  • Date: 25-06-19
  • Category: BATTERIES
  • Source: Reuters

BEIJING/SEOUL (Reuters) - China has scrapped its list of recommended battery suppliers, the industry ministry said on Monday, a decision foreign companies said could open up the world’s biggest market for electric vehicle batteries.

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AUTO PRODUCTION: BMW plug-in hybrids to automatically switch into EV mode in 2020

Starting next year, all BMW plug-in hybrid models will come standard with a function that automatically switches to full-electric mode when the vehicles enter areas designated for emissions-free driving only.

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SOUTH AFRICA: Retrenchment tracker: South Africa’s big corporate job losses in 2019 - so far

  • Date: 25-06-19
  • Category: SOUTH AFRICA
  • Source: Business Insider

The alarming state of the South African economy is taking a heavy toll on companies, and many have announced retrenchments. These are some of the biggest job losses since the start of the year...

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