Diesel crisis in Europe
Deliveries of US diesel to Europe are down. The disruption to global shipments was caused by rebel actions in the Red Sea. This has led to a shortage of this fuel. The situation could only partially improve in the coming period. The downturn in US refinery activity and disruptions in...
The launch of traffic through the Zheleznitsa tunnel
The launch of traffic through the Zheleznitsa tunnel of the Struma highway marks the complete transport connectivity of Bulgaria with neighboring countries, especially with Greece. Andrey Tsekov pointed out that the current project is part of lot 3.1 of the Struma highway. It survived seven governments - three regular governments...
Renault and Geely will complete joint venture this month
French carmaker Renault and Chinese group Geely will complete the joint venture this month. Through the agreement they will develop and supply combustion and hybrid engines. At the same time, Saudi Aramaco is expected to announce the signing of a memorandum of understanding to invest in the joint venture. A...
Shell will close a refinery in Germany
Shell said it will convert the site's hydrocracking unit into a production unit for Group III base oils. These will be used mainly in engines, with a capacity of around 300,000 metric tonnes per year. An equivalent of about 9% of current EU demand and 40% of Germany's demand for...
BMW leads with XM Model
Preliminary data on car registrations in Europe show that in the exclusive car segment, the XM model from Bavarian BMW dominates. Ferrari has the most entries in the Top 10. The spectacular car segment ended 2023 with an increase of 16.4%. According to the DataForce report, 19,221 top-equipped cars hit...
Greece will list 30% of Athens International Airport shares
Greece will list 30% of Athens International Airport shares on the stock exchange through an initial public offering (IPO) and separate agreements with existing shareholders. The listing of Eleftherios Venizelos Airport on the Athens Stock Exchange is expected to be the largest IPO in Greece in the last 15 years....
Tesla is fast closing in on Audi
U.S. automaker Tesla Inc. is fast closing in on Audi by number of vehicles sold globally. Audi is the premium brand in the Volkswagen AG group portfolio. The company reported that it sold 1.89 million vehicles last year. The percentage is up 17% compared to 2022.  It narrowly outstripped US...
Volkswagen postpones series production
Volkswagen is postponing the entry into production of its electric vehicle priced below €25,000, but has begun shipping more affordable ID.3, ID.4 or ID.5 models to some European markets. The Volkswagen brand is the strongest in Europe. The company has decided to postpone the entry into full production of the...
Sales of electric vehicles have increased in Europe
Sales of electrified vehicles in the European Union accounted for almost half of all new car registrations in the EU bloc in the first 11 months of 2023, and already exceeded the 50% threshold in November, data released by the European Automobile Manufacturers Association (ACEA) showed on Wednesday, Reuters reports....
Turkish Airlines buys 220 commercial planes from Airbus
European aircraft manufacturer Airbus said Turkey's national carrier Turkish Airlines is buying 220 Airbus commercial planes, Reuters reports The agreement "strengthens our long-standing partnership with Turkish Airlines and Turkey's aviation sector," Airbus' chief commercial officer said in a statement. In mid-November, "the two sides said they had reached "an agreement...