The European Commission could announce a package to support the local automotive sector, including a possible watered down version of its 2035 combustion engine phase-out, on December 16, an industry source briefed on the matter said.
Japan’s economy shrank more sharply in the third quarter than previously estimated, according to a revised release from the Cabinet Office of Japan on Monday.
Asian shares dithered on Monday as investors bet the farm on a rate cut from the Federal Reserve this week, yet the meeting could be one of the most fractious in recent memory with some policy makers openly arguing against an easing.
Oil prices were largely steady in Asian trading on Monday after weekly gains, supported by stalled U.S.-Russia peace talks over Ukraine and firm expectations the Federal Reserve will cut interest rates later this week.
Tesla's UK car registrations dropped in November, industry data showed on Thursday, following steep declines in other European markets in the month amid intense competition particularly from Chinese rivals.
China’s automotive market is expected to struggle at the end of the year, despite it being a traditional peak sales season, as the country prepares to phase out its supporting policies, with their coverage narrowing and effect fading.