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ELECTRIC VEHICLES: Umicore Plummets as Electric Car Slowdown Prompts Profit Warning

Umicore SA dropped the most in more than a decade after warning profit will miss analyst estimates this year as demand slows for electric vehicles in China and South Korea, weighing on the Belgian company’s battery materials sales.

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COBALT: BMW to buy cobalt direct from Australia, Morocco for EV batteries

  • Date: 23-04-19
  • Category: COBALT
  • Source: Reuters

German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday.

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AUTO PRODUCTION: Mazda: Skyactiv-X engine still on track for U.S. launch

It may be a while before Mazda's innovative Skyactiv-X engine -- which combines gasoline and diesel combustion traits -- reaches North American showrooms.

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DIESEL: Mazda diesel is here at last. Will it sell?

  • Date: 22-04-19
  • Category: DIESEL
  • Source: Auto News

Mazda is betting its long-anticipated diesel engine will help burnish its premium image in the U.S. But the first diesel model to arrive here, the CX-5 crossover, might be a tough sell.

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EMISSIONS: Ford counts on hybrids to comply with stricter European emissions targets

  • Date: 22-04-19
  • Category: EMISSIONS
  • Source: Auto News

Ford of Europe says that its coming broader range of hybrid models will permit it to comply with stricter European Union emissions targets set for 2020-21 without the risk of paying fines.

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AUTO SALES: Europe’s Car Market Is Getting Even Worse

  • Date: 17-04-19
  • Category: AUTO SALES
  • Source: Bloomberg

European car sales declined for a seventh straight month in March as several countries struggled with slowing growth, adding to challenges for an industry shouldering record spending on electric and connected cars.

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AUTO SALES: Carmakers Look to Beijing to Revive China's Slumping Auto Market

  • Date: 17-04-19
  • Category: AUTO SALES
  • Source: Bloomberg

Volkswagen AG, Nissan Motor Co. and Guangzhou Automobile Group Co. are among the carmakers increasingly counting on Chinese government tax cuts to stimulate demand and help the world’s biggest auto market rebound from its worst slump in a generation. The unanswered question is when that will happen.

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CHINA: China considers plan to ease controls over new car licenses: Caixin

  • Date: 17-04-19
  • Category: CHINA
  • Source: Reuters

China is considering plans to relax controls over the issuance of new car licenses in major cities to boost flagging auto sales, financial magazine Caixin reported on Wednesday, citing a draft document by the country’s state planner.

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