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A strained supply chain caused China’s car industry to lose another 400,000 vehicles in production last month as carmakers were unable to churn out enough units to cater to market demand, reports the South China Morning Post.
The French car industry has unanimously condemned the European Parliament’s vote to ban the production of combustion engine cars from 2035, arguing it amounts to “industrial destruction” and a “step into the unknown”.
Russia and Turkmenistan need to develop economic cooperation using the potential of the Eurasian Economic Union (EAEU), says a joint declaration by the countries’ leaders, Vladimir Putin and Serdar Berdimuhamedov, signed at their talks in Moscow on Friday.
After more than eight years of stalled negotiations on a comprehensive EU-India trade agreement, the two are set to formally restart talks from mid-June.
European parliamentary deputies this week voted to back a 2021 European Commission proposal for a 100% reduction in CO2 emissions from new cars by 2035.
Vietnam was one of the few Asian countries that did not experience an economic contraction during the coronavirus pandemic in 2020 and 2021.
Prices of industrial goods producers in Russia gained 6.3% monthly in April 2022, the Federal State Statistics Service (Rosstat) said on Wednesday.
Volkswagen on Wednesday said that it would pay 193 million British pounds (roughly €227 million, or $243 million) as part of an out-of-court settlement over the diesel emissions scandal that engulfed the VW Group — and later much of the automotive industry — in 2015.
Norilsk Nickel expects global palladium demand to rise by 3% to 10.3 million ounces in 2022 mainly on the back of a partial automotive sector recovery from the low base of 2021.