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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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Travel stocks push European shares lower on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Travel, energy stocks lead declines * Markets eye crucial c.bank meetings this week * Vifor Pharma surges on CSL buyout talks (Updates to close) By Anisha Sircar and Shashank Nayar Dec 13 (Reuters) - European shares ended lower on Monday, led by travel and energy stocks over rising Omicron variant risks, while a wave of central bank policy decisions this week kept investor sentiment sub
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European shares gain ahead of big week for central banks

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Dec 13 (Reuters) - European shares inched higher on Monday, lifted by economically sensitive sectors, ahead of monetary policy decisions by some of the world's largest central banks that could potentially include an early end to U.S. policy stimulus.
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European stocks slip on Omicron worries, but post best week since March

* Daimler's truck unit spin-off begins trading * Deliveroo, Just Eat Takeaway slip on draft EU rules * STOXX 600 end week 2.8% higher By Anisha Sircar and Susan Mathew Dec 10 (Reuters) - European stocks fell on Friday on nervousness around the Omicron COVID-19 variant, while U.S. inflation reading coming in broadly in line with expectations did little to allay uncertainty around U.S.
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German car goals not tough enough to protect climate, NGOs say

By Victoria Waldersee and Markus Wacket BERLIN, Nov 25 (Reuters) - Environmental groups hoping for more radical action to promote electric vehicles were disappointed at Germany's new coalition agreement, saying it falls short of what was needed to meet climate goals. The agreement by the Social Democrats (SPD), Greens, and liberal Free Democrats (FDP) included raising Germany's target for the number of electric vehicles (EVs) on roads by 2030 Link to at least 15 million and supporting expansion
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In Mexico's auto heartland, workers struggle as chip shortage bites

By Anthony Esposito and Sharay Angulo AGUASCALIENTES, Mexico, Nov 24 (Reuters) - A global semiconductor shortage is hitting Mexico's auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns. The pain is acute in the central Mexican state of Aguascalientes and its namesake capital, one of the country's top automotive centers, where the chip crunch has forced rolling shutdowns at employers large and small.
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Volkswagen powers up the grid to take on Tesla

* VW's EV infrastructure chief has power industry background * VW betting on rapid expansion of fast-charging network * VW playing catch-up with U.S. EV pioneer Tesla By Vera Eckert, Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Nov 17 (Reuters) - Volkswagen VOWG_p.DE plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla TSLA.O in a key electric vehicle (EV) battleground: power infrast
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UN climate summit lands pledges to slash emissions from cars, planes and ships

* Driving, flying, shipping contribute nearly quarter of emissions * Some car makers commit to phasing out fossil-fuel vehicles * Some major economies and producers absent By Simon Jessop, David Shepardson and Jonathan Saul GLASGOW, Nov 10 (Reuters) - Automakers, airlines and governments unveiled a raft of pledges at the U.N. climate summit on Wednesday to slash greenhouse gas emissions from global transport, albeit with some conspicuous absences.
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VW's Diess says to remain CEO, dismisses fossil fuel phase out

By Victoria Waldersee BERLIN, Nov 10 (Reuters) - Volkswagen's VOWG_p.DE Herbert Diess said on Wednesday he was confident he would remain as chief executive into next year, dismissing speculation that he could be pushed aside. Diess, who is facing disagreements with Volkswagen's works council over potential cuts, was asked at an online summit organised by German newspaper Handelsblatt whether he believed he would keep his post to which he replied: "Yes, certainly".
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Countries, cities, carmakers commit to end fossil-fuel vehicles by 2040

(Corrects to read Volvo Cars in bullet point, paragraphs 9 and 12) * Volvo Cars, Ford, GM aim for 100% zero-emission vehicles * Volkswagen, Toyota, Stellantis not part of pledge * United States, China and Germany missing from pledge By Simon Jessop, William James and Nick Carey GLASGOW, Nov 10 (Reuters) - A group of countries, companies and cities committed on Wednesday to phasing out fossil-fuel vehicles by 2040, as part of efforts to cut carbon emissions and curb global warming.
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Hungary's Sept output falls by 2.3% y/y as chip shortage bites

BUDAPEST, Nov 5 (Reuters) - Hungary's industrial output HUIND=ECI unexpectedly fell by an annual 2.3% in September, its first year-on-year decline since January, due to car factory shutdowns amid a global chip shortage that is denting an economic recovery in central Europe. That came on top of a 1.4% year-on-year drop in Czech industrial output in August, as the chip shortages cut into an auto industry which has traditionally been a major driver of output and growth in the region.
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Supply chain disruption: is the worst over?

By Stefano Rebaudo Nov 3 (Reuters) - As companies, investors and policymakers fret over port logjams, freight costs and chip shortages, some indicators are starting to signal that global supply chain stress may be on the wane. Supply chain glitches dominated the latest company earnings season, with mentions of the issues by chief executives jumping 412% from last year, according to a BofA tally.
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From beers to cars, German consumers face higher prices

* German inflation hits record-high in October * Firms pass on higher energy, raw material costs * Scarcity of chips enables higher car prices By Michael Nienaber BERLIN, Oct 28 (Reuters) - German consumers face a rise in prices for goods across the board as more and more companies in Europe's largest economy pass on higher production costs, driven by widespread supply shortages and a spike in energy prices.
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From beers to cars, German consumers face higher prices

By Michael Nienaber BERLIN, Oct 28 (Reuters) - German consumers face higher prices for goods across the board as more and more companies in Europe's largest economy decide to pass on increased production costs, driven by widespread supply shortages and a spike in energy prices. While the development is helping firms to improve corporate margins after the coronavirus shock, consumers are feeling the pinch of higher prices, which could hurt household spending and ultimately domestic demand if wage
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Tesla EV sales boom in Singapore, pushing rivals' models off the streets

By Chen Lin SINGAPORE, Oct 28 (Reuters) - In wealthy Singapore, where new vehicle registration is tightly controlled to manage the city state's traffic and pollution, Tesla Inc TSLA.O is having a moment: surging sales are gobbling up rivals' market share. The buying frenzy in one of the world's most expensive places to own a vehicle - Tesla's most basic Model 3 costs nearly S$200,000 ($148,300) in Singapore, largely due to an ownership levy, compared with less than $40,000 in the United States -
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Carmakers shift up a gear in race to go electric

By Nick Carey LONDON, Oct 18 (Reuters) - With electric car sales soaring and regulations increasingly favouring zero-emission vehicles, a flurry of announcements on Monday showed how the global auto industry has kicked into a higher gear as it races to speed past the fossil-fuel car era. As part of its own 30 billion euro ($34.7 billion) electrification plan Stellantis STLA.MI - born out of a merger of PSA and Fiat Chrysler earlier this year - said it had entered a preliminary agreement with bat
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