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08.05.26 - 01:00
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China′s move to cut EV payment cycles may push weaker carmakers out: S&P (SCMP)
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Beijing's tighter oversight of vicious price competition in the automotive sector is expected to increase borrowing pressure on mainland carmakers and accelerate the exit of weaker, debt-laden players amid softening consumer demand, according to S&P Global Ratings.
The warning is likely to deepen bearish sentiment surrounding mainland China's more than 100 car assemblers, many of which have been at the forefront of global electric vehicle (EV) technology and production.
“Financially fragile......
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07.05.26 - 07:54
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Vienna′s public transport is the envy of the world – so why can′t it ditch cars? (The Guardian)
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Austrian capital mulls expanding tram network and park-and-ride car parks in effort to reduce private vehicle useWhen Leonore Gewessler hops on the underground trains and street-level trams that run like clockwork across the breadth of Vienna, she appreciates the ease, affordability and time she “gets as a present” instead of idling in traffic. But Austria's former climate and transport minister is also aware that cars still dominate the capital's streets. She says good public transport is just the “precondition” to changing how people move around the city.Vienna's network of trains, trams and buses have long been the envy of other European cities – let alone car-centric North American ones – but automobiles are still used for a quarter of journeys. In other capitals famed for world-class public transport, such as London, Paris and Prague, even higher use of cars has frustrated doctors and campaigners demanding cleaner air and safer streets. Continue reading......
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