Volkswagen is one of the few automakers already implementing its long-term electrification strategy and preparing for mass-scale electric vehicle manufacturing, despite the negative outlook for the auto industry due to Continue Reading
Global oil demand will decrease by 11.5 percent year on year, according to Rystad Energy’s latest demand forecast. Global oil demand will decrease by 11.5 percent, or 11.4 million barrels Continue Reading
Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence Continue Reading
Volkswagen plans to increase its share in JAC Volkswagen, its joint venture for e-mobility. Around €1 billion is to be invested. This amount includes the acquisition of 50% of JAG, Continue Reading
Sales of SUVs have been continuously rising not only in America but also around the world, to the point of exceeding 40 percent of all new car sales worldwide in Continue Reading
Volkswagen AG is investing €1 billion ($1.11 billion) in a Chinese auto maker and a further €1.1 billion in a local battery producer, the company said Friday, in the latest Continue Reading
Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a Continue Reading
magniX, a company developing electric propulsion systems for aircraft, and AeroTEC, a leading independent company focused on aerospace testing, engineering and certification, announced the successful flight of an all-electric Cessna Continue Reading
American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed Continue Reading
Singapore’s 2020 bunker fuel sales likely to stay steady Despite Ocean Bunkering’s interim absence, Singapore bunker suppliers able to meet demand Transition to IMO 2020 rule smooth as PSC’s ratcheted Continue Reading
