News
US lawmakers seek a crackdown on solar imports they say dodge duties
1+ day, 7+ hour ago (331+ words) July 16 (Reuters) – A bipartisan group of U.S. lawmakers on Thursday urged the Trump administration to crack down on imports of what they say are partially finished solar cells that are being used to evade trade duties and improperly claim federal…...
China turns to electric taxis to soften Hormuz oil shock
2+ day, 18+ hour ago (634+ words) By Lewis Jackson and Sam Li BEIJING, July 15 (Reuters) – China has an increasingly important buffer against oil price shocks: electric taxis. Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with government data showing…...
Skoda Auto says it is not directly impacted by VW overhaul plans
1+ week, 10+ hour ago (176+ words) PRAGUE, July 10 (Reuters) – Skoda Auto, the Czech unit of Volkswagen, does not expect any direct impact from the parent company’s overhaul plan to cut capacity and model lines, the company said on Friday. • Volkswagen said on Thursday that it planned…...
German automakers hit by sharp China sales drop in second quarter
1+ week, 9+ hour ago (374+ words) BERLIN, July 10 (Reuters) – German carmakers’ sales collapsed further in China during the second quarter, as a protracted slowdown in the world’s biggest auto market cranked up the pressure on legacy brands in a bruising battle with local competitors. Volkswagen, Mercedes-Benz…...
BMW deliveries slide in Q2, as sales in China drop nearly a third
1+ week, 14+ hour ago (121+ words) July 10 (Reuters) – BMW reported a 4.9% decline in global vehicle deliveries in the second quarter on Friday, hit by a sharp drop in sales in China. • The group sold 590,962 vehicles in the quarter • In China, deliveries plunged 30.2% year-on-year in the second quarter…...
Audi half-year deliveries fall on China competition, US tariffs
1+ week, 14+ hour ago (122+ words) The Mighty 790 KFGO Audi half-year deliveries fall on China competition, US tariffs July 10 (Reuters) – Audi, German carmaker Volkswagen’s premium brand, reported on Friday a 7% year-on-year fall in global deliveries during the first half of the year, as competition in China…...
Report: Trump administration stopping four Minnesota wind power developments
1+ week, 11+ hour ago (748+ words) WASHINGTON (Minnesota Reformer) – The Trump administration’s de facto freeze on wind energy puts 1,200 construction jobs, 4,400 “indirect and induced” jobs and more than $168 million in economic impact at risk for Minnesota, according to a new report from a St. Paul-based progressive…...
Global EV demand rises again as Europe offsets China, U.S. weakness
1+ week, 1+ day ago (137+ words) By Mathias de Rozario July 10 (Reuters) – Global demand for electric vehicles rose for a fourth straight month in June, driven by strong growth in Europe as sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed…...
Senate committee to vote on bill to tighten US ban on Chinese vehicles
1+ week, 2+ day ago (125+ words) The Mighty 790 KFGO Senate committee to vote on bill to tighten US ban on Chinese vehicles WASHINGTON, July 8 (Reuters) – The U.S. Senate Commerce Committee will vote on July 15 on bipartisan legislation to toughen a U.S. government ban on Chinese automakers…...
Cost of driving in Singapore soars as ownership certificates reach nearly $100,000
1+ week, 2+ day ago (300+ words) By Jun Yuan Yong SINGAPORE, July 8(Reuters) – Car buyers in Singapore will now need to fork out almost $100,000 for a certificate to own a small car, as costs in the city-state’s vehicle quota system hit an all-time high for small…...