German shares gain 1.62 pct Friday

Xinhua News Agency | Oct 16, 2020 at 7:02 PM

German stocks rose on Friday, with the benchmark DAX index up 205.24 points, or 1.62 percent, to close at 12,908.99 points.

Car sales in Europe, U.S., China grow again: VDA

Xinhua News Agency | Oct 16, 2020 at 4:41 PM

September was the first month in more than two years to see a “simultaneous growth” in sales of passenger cars in Europe, the United States and China compared with the same month last year, the German Association of the Automotive Industry (VDA) announced on Friday.

Magna to build startup Fisker’s electric SUV

Fox Business | Oct 16, 2020 at 1:55 PM

Startup California-based car brand Fisker Inc. has struck a deal with automotive contract manufacturer Magna International Inc. to manufacture the Ocean SUV in Europe starting in late 2022, the companies announced Thursday.