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Topic

coronavirus lockdowns

European new car sales jump 87% y/y in March

European new car sales jump 87% y/y in March

Published 16 Apr, 2021 11:01am
  • Sales at Volkswagen and Stellantis to the EU, Britain and the countries of the European Free Trade Association (EFTA), rose by 46% and 140% respectively, while Renault reported a rise of 70%.
Stellantis to halt production at Italian car plant in April

Stellantis to halt production at Italian car plant in April

Published 29 Mar, 2021 07:09pm
  • Production at the plant, where the world's fourth largest automaker makes Jeep Renegade and Compass models and the Fiat 500X compact SUV, has been repeatedly disrupted due to weak demand and semiconductor supply shortages.
  • The FIM CISL union said last week the firm was considering permanently closing one of its two production lines at the Melfi plant to address excess capacity in Italy.
Czech rate setters bide time before hitting start on rate hikes

Czech rate setters bide time before hitting start on rate hikes

Updated 16 Mar, 2021 10:02pm
  • "I still perceive greater risk that we start a premature tightening of monetary policy," board member Tomas Holub told daily Hospodarske Noviny in an interview released on Tuesday.
  • "For me, that is a greater risk than if we 'sleep in' a little versus what may perhaps seem as optimal looking back a year later."
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