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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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LITHIUM: Chile to clean up rules for lithium industry to boost production

  • Date: 12-06-19
  • Category: LITHIUM
  • Source: Mining Weekly

Chile´s Mining Ministry said on Tuesday it would release in "the coming weeks" a plan to clarify rules around its lithium industry to maintain its global share of output amid spiraling demand for the coveted battery metal.

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FUEL CELLS: China's Father of Electric Cars Says Hydrogen Is the Future

  • Date: 12-06-19
  • Category: FUEL CELLS
  • Source: Bloomberg

His vision to make China an electric-vehicle powerhouse revolutionized the global auto industry, cementing a move away from the combustion engine. Now, Wan Gang says get ready for the next game-changing moment.

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EMISSIONS: China - Industry group urges provinces against rush to enact tougher emission standards

  • Date: 11-06-19
  • Category: EMISSIONS
  • Source: Auto News China

The China Association of Automobile Manufacturers, a government-backed industry trade group, called on domestic provinces that haven’t adopted State 6 vehicle emission standards not to enact the new rules ahead of schedule.

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AUTO SALES: China Car Slump Extends to a Year With Few Signs of Reprieve

  • Date: 11-06-19
  • Category: AUTO SALES
  • Source: Bloomberg

Local manufacturers hurting more, international brands hold up China’s car sales declined for the 12th consecutive month, a historic slump that’s left manufacturers reeling as trade tensions and economic worries weigh on consumer sentiment.

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ELECTRIC VEHICLES: Former Ford CEO says industry faces 'reckoning' over EV goals

Former Ford Motor Co. CEO Mark Fields says the auto industry needs to tap the brakes on its expectations for electrification.

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AUTO SALES: Turkey 2019 auto sales forecast cut to 350,000-400,000 vehicles- assn

  • Date: 11-06-19
  • Category: AUTO SALES
  • Source: Reuters

ISTANBUL, June 11 (Reuters) - Turkey’s Automotive Distributors’ Association said on Tuesday it had cut its automotive sales forecast for 2019 as sales continue to contract despite extended tax cuts by the government to encourage purchases.

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