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PGM PRODUCERS: Implats expects 62% rise in interim earnings

CAPE TOWN – Impala Platinum (Implats) on Thursday announced that the group was anticipating a jump of up to 62 percent in its interim headline earnings to R3.6 billion on bumper metal prices.

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PGM PROJECTS: Russia considering $1 billion loan to Nornickel for Arctic project: Ifax

MOSCOW (Reuters) - The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying on Friday.

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CORONAVIRUS: Impacts of Coronavirus Containment Effort Ripple Through Global Economy

  • Date: 06-02-20
  • Category: CORONAVIRUS
  • Source: IHS Markit

Coronavirus will have a larger negative effect on the global economy than the SARS outbreak in 2003. At the time of SARS, China was the sixth largest economy, accounting for only 4.2% of world GDP. China is now the world’s second largest economy, accounting for 16.3% of world GDP. Therefore, any slowdown in the Chinese economy sends not ripples but waves across the globe.

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CORONAVIRUS: Fiat Chrysler on brink of closing first European plant due to virus

  • Date: 06-02-20
  • Category: CORONAVIRUS
  • Source: Financial Times

One of Fiat Chrysler’s European facilities is as little as a fortnight away from halting production because of problems sourcing Chinese parts, the company warned, in the first prospective European car plant shutdown resulting from the coronavirus outbreak.

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EMISSIONS: Ford expects to hit EU CO2 targets with no fines

  • Date: 06-02-20
  • Category: EMISSIONS
  • Source: Auto News

Ford will make big enough reductions to CO2 levels across the models it sells in Europe to avoid paying fines under tough new European Union emissions targets that started this year, the company has said.

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AUTO SALES: Fuel types of new cars: petrol +11.9%, diesel -3.7%, electric +81.3% in fourth quarter of 2019A

  • Date: 06-02-20
  • Category: AUTO SALES
  • Source: ACEA

Brussels, 6 February 2020 – In the last quarter of 2019, EU demand for diesel cars further decreased, dropping to 29.5% of new-car registrations. Petrol cars accounted for 57.3% of the EU market, while electrically-chargeable vehicles (ECV) made up 4.4% of total new car sales across the region from October to December last year. All alternatively-powered vehicles (APV) combined held a market share of 13.2%.

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AUTO PRODUCTION: The Renault design boss matching sneakers to cars

Laurens van den Acker is shown wearing Le Coq Sportif sneakers to match the Renault Captur, pictured on the right.

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ELECTRIC VEHICLES: Volkswagen aims to sell 250,000 electric cars in 2020

German carmaker Volkswagen is investing heavily in electric cars. The company has rolled out 250,000 electric cars since the start of the company’s electric vehicle programme in 2013.

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