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Top related persons:
Rico Luman - 1 Europe's carmakers - 1 Luman - 1 Luca de Meo - 1 ACEA - 1 Tim McPhie - 1 McPhie - 1 ING's Luman - 1
Top related locs:
Anhui Hefei China Europe ACEA Weissenfels Germany Austin , Texas
Top related orgs:
Volkswagen - 1 ING - 1 CNBC - 1 videoconference - 1 Renault - 1 EV - 1 European Automobile Manufacturers ' Association - 1 BMW - 1

Search resuls for: "McPhie"


2 mentions found


☆ Auto giants are getting nervous about the prospect of mega fines as EV demand falters
  + stars: | 2024-10-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +5 min
Cfoto | Future Publishing | Getty ImagesEurope's top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters ahead of the next tightening of carbon regulations. "The fines are massive actually. "Manufacturers are pretty much focused on conventional hybrids and ICE vehicles because they are much more profitable," ING's Luman said. Pooling refers to the process in which car manufacturers team up to be considered as one entity when calculating their performance against a CO2 emissions target. Not everyone is convinced that the sales challenge that Europe's car industry faces constitutes an industry-wide crisis.
Persons: Rico Luman, Europe's carmakers, Luman, Luca de Meo, ACEA, Tim McPhie, McPhie, ING's Luman, Sean Gallup, Xavier Demeulenaere, Demeulenaere, Brandon Bell Organizations: Volkswagen, ING, CNBC, videoconference, Renault, EV, Reuters, European Automobile Manufacturers ' Association, BMW, Ferrari, Volvo, European Commission, Ford, Benz Group, Manufacturers, Getty, P Global Mobility, Transport, Environment, Hill Locations: Anhui, Hefei, China, Europe, ACEA, Weissenfels, Germany, Austin , Texas
☆ EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
  + stars: | 2022-10-18 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
The EU ramped up its purchases of Russian LNG this year, as Moscow slashes gas supplies via pipeline. Imports of Russian LNG totaled 15 billion cubic meters through September, up 50% from last year. Europe is scrambling to replace slashed pipeline flows through LNG purchases, which have allowed Moscow to pull in hefty amounts of cash. While LNG has helped make up for lost pipeline supplies, it comes with its own complications. LNG differs from pipeline gas in that it is largely imported overseas through tankers, and needs to be regasified before being used for energy.
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