With negotiations between the two companies in full swing, the duo is expected to reach a final agreement by March, local newspaper Korea IT News reported on Sunday, citing industry sources. The outlet says the cars will be produced at a plant in the US, operated by Hyundai affiliate Kia Motors. They …
Read More »Denmark to end oil production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew, Reuters noted in a report on the news. Denmark is not a particularly large producer of oil and gas, with its average daily output this year estimated at 83,000 bpd of oil …
Read More »Iran building production hall for uranium-enriching centrifuges ‘in the mountains’ near Natanz facility
Speaking on the sidelines of a meeting on national security on Tuesday, the head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said construction work is already underway. “It was decided to establish a more modern, wider and more comprehensive hall in all dimensions in the heart …
Read More »India refused to plant for the production of Kalashnikovs
Russia continues to lose market share, India’s military, once a key ally in Asia and the region’s largest buyer of Russian weapons. As reported by The Economic Times, another joint Russian-Indian weapons project Podvis in the air. In the deadlocked negotiations to establish a joint venture for the production of …
Read More »“AvtoVAZ” has denied the information about the production of Lada Xray
Russian automaker AVTOVAZ is not going to withdraw from the production model Lada Xray. About it on may 22, according to “Rossiyskaya Gazeta” with reference to the press service of the company. It is noted that earlier the public AvtoVAZ News social network “Vkontakte” reported that “AVTOVAZ” will gradually reduce …
Read More »USA via smartphones found out about the slowdown of production of defense enterprises of Russia
Some Russian defense companies slow down production because of the pandemic, COVID-19. This was reported by the analytical company Orbital Insights, which is located in the United States. Among the companies affected by the pandemic, NPTS “salute”, which produces parts for Russian su-27 and Chinese fighter Chengdu J-10. The number …
Read More »Forecast: Global vehicle production in 2020 could be reduced by 20 percent
As a result of the pandemic COVID-19 and subsequent recession, global passenger car production is expected could be reduced by more than 20 percent and in 2020 to reach about 71 million vehicles, said Monday a top automotive research companies. Such a sharp decline is considerably higher than earlier forecasts …
Read More »The US oil companies had stopped production due to lack of orders
Shale companies in the US have already started “exit game”. As the newspaper writes The Wall Street Journal, Texland Petroleum, based in Fort worth (TX), stopped oil production at all of its 1,21 thousand wells until the beginning of may. The company had to do it because of the complete …
Read More »Russia significantly reduced the production of cars
The production of passenger cars in Russia decreased in January—February 2020 14.1% yoy to 212 thousand units, the Federal state statistics service. In February production of passenger cars fell by 12% yoy, but grew by 25.2% compared to the previous month. Recall that at the end of last year, production …
Read More »Playboy terminates the production of the printed version
American men’s magazine Playboy will no longer come out in print. The intention to abandon the issue in the US, said the head of Playboy Enterprises, Ben Kon (Ben Kohn) in his blog on Medium platform. According to the head of the company, the latest issue will be released in …
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