World NM: EU countries approve end to combustion engine sales by 2035001783

As of 20305, new vehicles put on the EU market will need to reduce their CO2 emissions by 100%. The proposal was raised in July 2021, and this decision will mean a de facto halt to sales of petrol and diesel vehicles and a complete shift to electric engines in the European Union from 2035.… Continue reading World NM: EU countries approve end to combustion engine sales by 2035001783

World NM: Top management of Soller Auto buys out 76.7% of the company’s shares001781

MOSCOW, June 27. /TASS/. The Alter Invest company bought out 76.7% of the Sollers Auto, previously owned by the Sollers Group, the automotive company said in a statement. “Sollers Auto PJSC announces the change of the main shareholder of the company. Sollers Group LLC, which previously owned 76.7% of the shares of Sollers Auto PJSC,… Continue reading World NM: Top management of Soller Auto buys out 76.7% of the company’s shares001781

World NM: GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise001780

General Motors Co (NYSE:GM) on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high demand for cars and trucks. EV maker Rivian Automotive Inc has also raised prices on its pickup trucks by 20%, however, the company rolled back the… Continue reading World NM: GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise001780

World NM: Putin instructs cabinet to approve updated strategy to develop car industry by September 1001779

ST. PETERSBURG, June 16. /TASS/. Russian President Vladimir Putin instructed the Cabinet to approve an updated strategy for the development of the domestic auto industry by September 1. “It should be done before September 1, I ask the government to draw up and approve an updated strategy for the development of the automotive industry, taking… Continue reading World NM: Putin instructs cabinet to approve updated strategy to develop car industry by September 1001779

World NM: Putin cautions against emission class lowering for domestic trucks001778

/Update/ ST. PETERSBURG, June 16. /TASS/. The large-scale downgrading of the emission class for Russian trucks can lead to problems of carriers, President Vladimir Putin said on Thursday at the meeting on development of the automotive industry. “I would like to draw attention to the fact that strict environmental standards in respect of trucks are… Continue reading World NM: Putin cautions against emission class lowering for domestic trucks001778

World NM: NIO launches SUV to compete with BMW, Audi001777

China’s smart electric vehicle (EV) start-up Nio has launched a luxury midsize sport-utility vehicle (SUV) that can go as far as 650 kilometers on a single charge, as it takes the fight to conventional marquees such as BMW and Audi in the world’s largest automotive market, reports the South China Morning Post. The ES7, a… Continue reading World NM: NIO launches SUV to compete with BMW, Audi001777

World NM: Putin to meet with businessmen to discuss automotive sector development001776

ST. PETERSBURG, June 16. /TASS/. Russian President Vladimir Putin will meet with businessmen on the sidelines of the St. Petersburg International Economic Forum (SPIEF) on Thursday to discuss issues of the development of the automotive sector. According to Putin’s press secretary Dmitry Peskov, along with representatives of large sectoral businesses, the meeting will be attended… Continue reading World NM: Putin to meet with businessmen to discuss automotive sector development001776

World NM: SPIEF’s business program to reflect Russia’s readiness to develop new ties001775

ST. PETERSBURG, June 16. /TASS/. Russia’s course toward openness and wide international cooperation will be the focus of the business program of the 25th St. Petersburg International Economic Forum, which begins on Thursday. Participants will look for new possibilities for strengthening the country’s economic sovereignty and for resolving priority tasks facing humankind. The jubilee, 25th… Continue reading World NM: SPIEF’s business program to reflect Russia’s readiness to develop new ties001775

World NM: The ICE ban cometh001774

Receive the Transport Brief in your inbox by subscribing here. Conversely, if a car is necessary due to a lack of alternatives, people are likely to accept its cost and then simply struggle as a chunk of their income goes towards fuel and insurance, and so on. Go to Source