LONDON, Aug 19( Reuters)-In grim warnings this week, major carmakers including Toyota and

By Paul Lienert and Tina Bellon( Reuters)-Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Less than three years ago, a similar analysis by Reuters found car companies planned to spend$ 300 billion on EVs and related technologies.... But looming zero-carbon manda

Nio offers$ 350 augmented reality glasses for each seat in its cars, and has introduced a cellphone that interacts with the car’s self-driving system. And none of it is profitable — far from it.... Nio lost$ 835 million in the second quarter, or$ 35, 000 for each car it sold. Nio and other companies in China’s sprawling electric car sector have formidable government backing that allows them to withstand such losses and keep growing.... They have pioneered new battery chemistries that allow lon

that China’s largest electric vehicle( EV) maker, whose expansion plans have been hit by fractious

that China’s largest electric vehicle( EV) maker, whose expansion plans have been hit by fractious

BERLIN--German automaker Daimler on Friday dismissed a “ cease and desist ” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030. Lawyers for Greenpeace and the group Deutsche Umwelthilfe have threatened to sue Daimler, BMW and Volkswagen unless they sign a legal pledge not to put new gas-fueled vehicles onto the market from the end of this decade. The groups argue that companies are bound by the same rules as governments when it comes to reduci

BERLIN, March 19( Xinhua)--German airport operator Fraport announced Tuesday that it has concluded the 2023 fiscal year with record revenue and operating result due to a" continued recovery in passenger numbers." The company's net profit more than doubled to 430.5 million euros( about 467.1 million U.S. dollars).... Its annual revenue rose by 25.2 percent to around 4 billion euros, resulting in an operating profit of 1.2 billion euros." Traffic continued to develop dynamically throughout 2023,"

The European Commission ruled against automakers Volkswagen and BMW over fair competition claims. Volkswagen has been fined €502million( ￡432million) whilst BMW must pay €373million( ￡321million).In a statement the EU Commission said: “ All companies have admitted their participation in the cartel and agreed to a settlement.” Mercedes owner Daimler, which also faced accusations, is not facing any penalty. The allegations relate to Adblue tanks, which are used in the catalytic converters of some

Germany’s AfD has now called for a “ controlled dissolution ” of the “ overbearing EU ”.... Co

Open this photo in gallery Germany is forecast to record its biggest rise in greenhouse gas