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.
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.
UK-based steel and metals titan Liberty House has put in a bid for the lossmaking steel unit of Germany’s Thyssenkrupp.
Tesla may dominate the US market when it comes to new electric vehicles â€” the brand’s Model 3 sedan pretty much blows every other EV out of the water â€” but the electric-car maker faces stiff competition in the secondhand market.
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.
General Manager of Robert Bosch SRL and the representative of the Bosch Group in Romania and Bulgaria, Mihai Boldijar is a highly skilled professional with extensive knowledge of business management and international expertise in the automotive industry, cultivated during its 25 years alongside the German concern.
Romanian car manufacturer Dacia has revealed its first-ever fully-electric vehicle, the Dacia Spring – which they claim will be the cheapest available commercial EV on the European market – which is due to go on sale early next year.
Prime Minister Imran Khan on Thursday said Pakistan valued its partnership with the World Bank and the government would continue it aimed at the socioeconomic uplift of people.
The Indian automotive industry is showing some signs of improvement with the total domestic sales of the passenger vehicles and two-wheelers rising for the second straight month in September 2020.
China’s output of storage batteries to power new energy vehicles (NEVs) rose 12.7 percent year on year in September, industry data showed.