U.S. July trade deficit hits 12-year high of 63.6B
The Commerce Department reports July imports rose a record 10.9 percent to 231.7 billion while exports gained 8.1 percent to 168.1 billion, widening the deficit to 63.6 billion, the largest since July 2008.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
America
Donald Trump
China
United States
Study finds tech can cut truck rear crashes significantly
The Insurance Institute for Highway Safety reports automatic emergency braking and forward collision warnings could prevent more than 40 percent of rear-end crashes involving large trucks. Trucks with these systems showed 41 percent fewer rear crashes and 44 percent fewer crashes with collision warnings, based on data from 62 fleets over 2 billion miles between 2017 and 2019.
MENTIONED IN THIS ARTICLE
Detroit
Insurance Institute For Highway Safety
Eric Tech
Institute
Tech
IIHS
U.S
Federal Motor Carrier Safety Administration
National Highway Traffic Safety Administration
ITHS
NHTSA
Motor Carrier Administration
Independent Drivers Association
AAA
European Union
Indianapolis
EU unveils plan to secure raw materials and cut dependency
The EU launches a strategy to reduce reliance on lithium cobalt and rare earths mainly from China and Chile. It aims to build a European Raw Materials Alliance, partner with Canada and African nations, boost EU mining, and improve reuse and recycling to map and secure critical resources by 2022.
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Brussels
European Union
Chile
China
South Africa
United States
Japan
European Commission
Maros Sefcovic
Turkey
Europe
European
Europe sees rising share of electric cars in 2020 second quarter
In Europe the share of chargeable cars rose to 7.2 percent in the April June quarter from 6.8 percent. Despite overall vehicle sales plunging more than 50 percent, diesel and gasoline models lost ground while battery only and plug in hybrids gained. Analysts note government subsidies and falling battery costs are boosting uptake as Volkswagen prepares to launch the ID 3.
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Frankfurt
Germany
Europe
European Automobile Manufacturers Association
Volkswagen
Netherlands
Romania
United States
Lucien Mathieu
Transport & Environment
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Washington
Florida
Miami-Dade
Edwin Lopez
Alberto Carvalho
Paris
France
Jean Castex
Britain
Italy
The
Associated Press
Olympia, Wash
Ted S. Warren