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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

Russia 150
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Moscow plans to buy 500 more electric buses in 2022

Green Car Congress

Moscow, Russia, currently runs 1000 electric public electric buses on 66 bus routes, giving it the distinction of operating the largest e-bus fleet in Europe and America. Moscow has entered the green bond market to implement the principles of sustainable development and environmental initiatives necessary for the capital.

Buy 273
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Tesla stops sale of bonds backed by vehicle leases as market maintains unpredictability

Teslarati

Tesla has stopped the offering of more than $1 billion in bonds backed by vehicle leases on its cars as market conditions continue a trend of unpredictability, a report from Bloomberg said. Some issuers are pausing financing plans until market conditions have stabilized. Affirm Holdings Inc.

Market 125
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The Saudi Dilemma: To Cut Or Not To Cut

Green Car Congress

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. million barrels daily, including from Russia, to reverse the free fall of oil prices. by Irina Slav for Oilprice.com. At the time, it worked because everyone was desperate.

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FCA proposes 50:50 merger with Groupe Renault

Green Car Congress

The combination would create a brand portfolio that would provide full market coverage with a presence in all key segments from luxury/premium brands, such as Maserati and Alfa Romeo, to the strong access brands of Dacia and Lada, and would include the well-known Fiat, Renault, Jeep and Ram brands as well as commercial vehicles.

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Volkswagen Group to spend >$40B over next 5 years to develop electric mobility, autonomous driving, new mobility services and digitalization

Green Car Congress

As part of the planning round for 2018 to 2022, the Group has also optimized its plant and workforce assignment. From the end of 2018, the entire Passat family will be concentrated at the Emden site. The Volkswagen Group expects Brazil, China, Russia and North America to be the main growth drivers in the coming years.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19. This downturn in production reflects weaker demand throughout the region as well as in export markets.

2020 191