MILAN (Reuters) - Market demand for Fiat's new hybrid 500e small car amounts to around 100,000-110,000 units a year, a group executive said on Thursday, as the company offers a cheaper version of its fully-electric model (EV).
Fiat maker Stellantis last month announced it would add hybrid versions of its 500e small electric car and Jeep Compass SUV, to be manufactured in Italy, amid a global slowdown in electric car sales.
The "mild"... (continue reading...)
LONDON (Reuters) - A legal battle between insurers and aircraft leasing companies over jets stuck in Ukraine should be heard in Ukraine rather than London, the High Court in London ruled on Thursday.
Aircraft lessors, including Ireland's AerCap, are pursuing insurers after Russia's 2022 invasion of Ukraine left aircraft stranded in Ukraine.
Judge Andrew Henshaw, in a decision relating to six separate lawsuits, ruled that the cases in... (continue reading...)
(Reuters) - The United States on Thursday imposed sanctions on Ecuadorean crime gang Los Lobos and its leader, the Treasury Department said in a statement.
Los Lobos, led by Wilmer Geovanny Chavarria Barre, known by his alias Pipo, has emerged as Ecuador's largest drug trafficking organization and contributes significantly to the violence gripping the country, the statement said.
Ecuadorean authorities have been fighting spiking violence... (continue reading...)
(Reuters) - Melexis will provide Chinese car manufacturer NIO with current sensor chips for its traction inverter system, it said on Thursday, becoming the latest European supplier to partner with a Chinese automaker.
Melexis' shares were 2.7% higher at 85.1 euros by 1408 GMT following the announcement.
The Belgian semiconductor supplier said its chips, needed to convert a battery's direct current into the alternating current used by an... (continue reading...)
SHANGHAI (Reuters) - China's securities watchdog does not expect a near-term spike in delistings, it said on Thursday, after investors dumped shares in small-cap companies on fears they could be kicked off the market as Beijing weeds out weaker firms. The "survival of the fittest" mechanism is gradually taking shape but in the short term, there will not be an "evident increase" in the number of delisted companies, the China Securities Regulatory Commission... (continue reading...)
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