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China's Changan Automobile adds Italy and Spain to its European markets

China's Changan Automobile adds Italy and Spain to its European markets

RIVOLI, Italy, Dec 12 (Reuters) - Chinese automaker Changan Automobile is expanding into Italy and Spain with the launch of two fully electric models, followed next year by their plug-in hybrid versions.

Morning Bid: Copper edges past silver to take gold

Morning Bid: Copper edges past silver to take gold

A look at the day ahead in European and global markets from Gregor Stuart Hunter After a banner year for precious metals, industrial metals are in focus today as the prospect of more stimulus from China pushes Shanghai copper futures to a record high.

EU vote on Mercosur trade deal set for next week, Denmark says

EU vote on Mercosur trade deal set for next week, Denmark says

BRUSSELS, Dec 12 (Reuters) - European Union countries are set to vote early next week to determine whether the bloc should sign a contentious trade agreement with South American bloc Mercosur by the end of the year, Denmark, which holds the rotating presidency of the EU, said on Friday.

Major automakers say China poses 'clear and present threat' to US auto industry

Major automakers say China poses 'clear and present threat' to US auto industry

By David Shepardson WASHINGTON, Dec 11 - Major automakers on Thursday urged Washington to prevent Chinese government-backed automakers and battery manufacturers from opening U.S. manufacturing plants, warning the industry's future is at stake.

SEAT says EU's reversal of combustion-engine ban would help EV transition

SEAT says EU's reversal of combustion-engine ban would help EV transition

By Joan Faus MARTORELL, Spain, Dec 12 (Reuters) - The European Commission's expected decision to reverse its ban on selling new cars with combustion engines from 2035 will help Spanish automaker SEAT, a unit of Volkswagen, transition to electric vehicles, its CEO told Reuters on Friday.

Oracle weighs on Wall Street over AI spending worries even as most stocks rise

Oracle weighs on Wall Street over AI spending worries even as most stocks rise

Most U.S. stocks are rising on Wall Street, but a big drop for Oracle is holding the market back as the tech giant contends with worries about whether its spending on artificial-intelligence technology will pay off

Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes

Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes

By Alessandro Parodi Dec 12 (Reuters) - Global EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV tax credit scheme in the United States set North America on track for its first year of decline since 2019, data showed.

Zelenskyy will hold urgent talks with 30 countries as Trump pushes for swift peace deal with Russia

Zelenskyy will hold urgent talks with 30 countries as Trump pushes for swift peace deal with Russia

Ukrainian President Volodymyr Zelenskyy is set to hold urgent talks with leaders from about 30 countries

Huawei weighs French factory's future in tough European market, say sources

Huawei weighs French factory's future in tough European market, say sources

By Elizabeth Pineau and Mathieu Rosemain PARIS, Dec 10 (Reuters) - Huawei is considering the future of a recently completed plant in eastern France, three people familiar with the matter said, amid the slow roll-out of 5G in Europe and a hardening stance by some governments on using Chinese

Exclusive-Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying

Exclusive-Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying

By Aditi Shah NEW DELHI, Dec 11 (Reuters) - Mexico's decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources

Ford suppliers receive China's new streamlined rare-earth licences

Ford suppliers receive China's new streamlined rare-earth licences

By Lewis Jackson and Nora Eckert Dec 10 - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor were included in the first batch of new export licences issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday.

Ukraine to give revised peace plans to US as Kyiv readies for more talks with its coalition partners

Ukraine to give revised peace plans to US as Kyiv readies for more talks with its coalition partners

Ukrainian officials are expected to present new peace proposals to U.S. negotiators Wednesday