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Business › Automotive

China Seeks to Cement Ties in Europe

Chosun Ilbo | Oct 19, 2021 at 10:11 AM

Chinese President Xi Jinping aims to bolster relations in Europe, a traditional stronghold of support for the United States, as a buffer against shaky Sino-U.S. ties.

Invasive bug stinks up Australia’s new car imports with long fumigation delays

ABC | Oct 19, 2021 at 5:42 AM

Australians who have already waited months for new cars in the midst of a global parts shortage may have to wait even longer as cargo vessels are fumigated offshore to kill an invasive stink bug.

Severstal posts 9% rise in IFRS net profit for Q3 to $1.24 bln

TASS Russian News Agency | Oct 18, 2021 at 11:26 AM

Net profit of Severstal under International Financial Reporting Standards (IFRS) rose by 9% in Q3 2021 quarter-on-quarter to $1.24 bln, Russia’s steel and mining company reported on Monday.

Africa emerging as car making hub 15.10.2021

Deutsche Welle | Oct 15, 2021 at 2:00 AM

Morocco is an emerging automotive manufacturing hub, while South Africa has a history of car making.

Steel demand in Russia may grow by 2.4% in 2021, by 3% in 2022

TASS Russian News Agency | Oct 14, 2021 at 5:01 PM

After a slight decline in 2020, the recovery in steel demand in Russia was supported by a strong rebound in the automotive sector.

Australia becoming a ‘dumping ground’ for polluting cars as government delays signing on to international standards

ABC | Oct 13, 2021 at 7:47 PM

Australia is becoming a “dumping ground” for more dangerous and polluting cars, one transport minister warns, as the federal government has not adopted international emissions standards.

Volkswagen to reduce car production in Russia due to semiconductors shortage

TASS Russian News Agency | Oct 8, 2021 at 4:46 PM

Volkswagen Group Rus will reduce production of cars in Russia in the coming months due to the global shortage of semiconductors, the group’s press service told TASS on Friday.

Australians have clawed back at least $500m in ‘junk’ insurance. Here’s how they’re doing it

ABC | Oct 4, 2021 at 7:40 PM

It was only when she received another text this year — and then complained to her sister who had gotten cash back from the Robodebt class action — that Ms Ward was prompted to investigate further.

Geely’s Volvo Cars aims to raise $2.9 billion in IPO

Investing.com | Oct 4, 2021 at 5:51 PM

-Geely-owned Volvo Cars plans to raise 25 billion Swedish crowns ($2.9 billion) through an initial public offering (IPO), the Swedish carmaker said on Monday of what would be one of Europe’s biggest listings this year.

Dubai car trading platform gets $5m in latest funding

Arab News | Oct 4, 2021 at 1:28 PM

Dubai-based startup Seez has secured $5 million in its latest funding round.

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