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News

Daimler to expand its Hungarian plant at a cost of $1 bln- Hungary foreign minister

July 21 (Reuters) - Hungarian foreign minister says in a statement: * DAIMLER TO EXPAND ITS PLANT IN HUNGARY AT A COST OF 400 BILLION FORINTS ($1.01 billion) * INVESTMENT IN NEW PRODUCTION LINES Further company coverage: ($1 = 394.1700 forints) Reporting by Krisztina Than
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Carmakers put European stocks on road to record-high close

* Nestle tumbles on Jefferies downgrade * Valneva falls for seventh day * Automakers surge to record highs (Updates with closing market prices) By Sruthi Shankar and Ambar Warrick Jan 5 (Reuters) - Automobile stocks helped drive European shares to new highs on Wednesday, even as a new year rally appeared to be running out of gas due to concerns over COVID-19 and slowing growth.
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Financial Times - Jan 4

Jan 4 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Apple becomes first $3 trillion company after boost from pandemic demand. Link Mercedes breaks 1,000km barrier with electric-vehicle prototype. Link Warner Music acquires David Bowie's songbook for about $250 Mln.
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Electric cars hit 65% of Norway sales as Tesla grabs overall pole

* Tesla best-selling brand ahead of Volkswagen in 2021 * Tesla's Model 3 most popular model overall * BEVs seen taking 75-80% of Norway market in 2022 By Victoria Klesty OSLO, Jan 3 (Reuters) - Electric cars made up nearly two thirds of Norway's new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues its goal of becoming the first to end the sale of petrol and diesel cars.
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Electric cars take two-thirds of Norway car market, led by Tesla

OSLO, Jan 3 (Reuters) - The sale of electric cars in Norway rose last year by 48%, ensuring that almost two out of every three new automobiles were battery powered and making Texas-based Tesla Inc TSLA.O the top selling brand. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway exempts battery electric vehicles (BEVs) from taxes imposed on rivals using internal combusion engines (ICE).
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