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Website title: ForexMag – [Financial Magazine] ⏩ News, Brokers Reviews, ...

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Tesla sales continue to decline in Europe, but break records in Norway

American electric car manufacturer Tesla saw a sharp year-on-year decline in sales in major European markets in November. This is despite the launch of new versions of its best-selling Model Y, according to Reuters. The company has been struggling with a decline in market share in Europe since the beginning of the year. However, billionaire Elon Musk’s carmaker saw an...

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Bloomberg: Cheap Chinese auto parts flood the German market

Cheap Chinese auto parts are flooding the German market and increasing pressure on local manufacturers, who are already struggling with weak demand and high costs in Europe’s largest market, Bloomberg reported today. The influx of Chinese electrical systems and metal products is affecting companies such as Robert Bosch, Mahle, and PWO. It threatens local manufacturers...

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The number of new car registrations in the EU rose by 1.4 percent from the start of the year to October

Sales of new passenger cars in the European Union increased by 1.4 percent from the start of the year to October compared to the same period last year. This marks the fourth consecutive month of growth. However, the overall volume of cars sold remains far below pre-pandemic levels. The data comes from new vehicle registrations published today by the European Automobil...

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Computer manufacturer Lenovo’s quarterly profit fell by five percent, while sales were record-breaking

Chinese company Lenovo, the world’s largest computer manufacturer, saw its net profit fall by five percent to USD 340 million in the second financial quarter, falling significantly short of analysts’ estimates. However, the company increased its adjusted net profit, whi...

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AkzoNobel to Merge with U.S. Competitor Axalta Coating

Dutch paint and coatings manufacturer AkzoNobel will merge with its smaller American competitor, Axalta Coating Systems. The share-swap transaction will create a company valued at roughly USD 25 billion (CZK 521.1 billion).

Merger Terms and Expected Benefits

Shareholders of AkzoNobel are expected to own 55 percent of the newly merged href="htt...

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