Auto sales rise amid fall in production

Dawn | Oct 13, 2020 at 8:54 AM

The first quarter of FY21 ended on a contrasting note for auto sector, depicting a 2.7 per cent rise in car sales to 31,868 units while production fell by 24pc to 27,574.

FAW’s tech thrust gets into fast lane

China Daily (Europe) | Oct 13, 2020 at 2:00 AM

China FAW Group Co Ltd, the Changchun-based State-owned automaker, plans to invest 110 billion yuan ($16.2 billion) in new technologies and products such as new energy, connected and smart vehicles during the 14th Five-Year Plan (2021-25) period.

Cabinet boost for new energy vehicles

China Daily (Europe) | Oct 13, 2020 at 2:00 AM

The State Council has adopted a new blueprint for the growth of the new-energy-vehicle sector as it seeks to inject fresh momentum into the development of the world’s largest auto market and enable breakthroughs in cutting-edge technologies.

German shares gain 0.67 pct Monday

Xinhua News Agency | Oct 12, 2020 at 6:49 PM

German stocks rose on Monday, with the benchmark DAX index up 87.18 points, or 0.67 percent, to close at 13,138.41 points.