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Looming hard Brexit may be as damaging as no deal Brexit: ECB’s Knot
AMSTERDAM (Reuters) – A hard Brexit at the end of this year is still a possibility and may be as damaging economically as if Britain had left the European Union without a deal, Dutch central bank Governor Klaas Knot said on Wednesday. “In economic terms there may be little difference between a no-deal Brexit that […]
VW’s Skoda targets Indian revival with tougher safety, emission rules
By Aditi Shah NEW DELHI (Reuters) – Skoda is hoping government moves to drag regulations for cars sold in India up to developed market standards will help turn around its fortunes in a market where it has stalled. The Volkswagen-owned <VOWG_p.DE> Czech carmaker has been tasked with helping its German parent achieve a 2025 target […]
Volkswagen says restart of some China plants postponed until February 17
BEIJING (Reuters) – Volkswagen <VOWG_p.DE> has postponed restarting production at most China plants in its joint venture with SAIC Motor <600104.SS> and the Tianjin plant in its JV with FAW Group until Feb. 17 amid the coronavirus epidemic. One car-manufacturing plant Volkswagen operates with SAIC in Shanghai and most of the plants in the FAW […]