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Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak
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Major European Markets Close Slightly Weak

The major European markets ended slightly weak on Tuesday after a choppy ride as investors reacted to the latest batch of economic reports from Europe and the consumer price inflation data from the U.

Major European Markets Close Slightly Weak

The major European markets ended slightly weak on Tuesday after a choppy ride as investors reacted to the latest batch of economic reports from Europe and the consumer price inflation data from the U.

Renault says combining electric cars and software in one company will democratize EVs for Europe

Automaker Renault is setting out ambitious goals for its new combined electric vehicle and software business, saying it will “democratize” the market for battery-powered cars in Europe by making them as affordable as gasoline- or diesel-powered models. Combining electric vehicles and software in the new independent company Ampere will mean shorter development times and lower costs as the company faces tough competition from U.S.-based Tesla and Chinese carmakers who are making rapid progress. The company envisions a “software-driven car” by 2026 based on an overarching software package that can be used for different electric car models and combines scattered processors in a central architecture that remains constantly connected to computer networks, or “the cloud.”

Renault says combining electric cars and software in one company will democratize EVs for Europe

Renault says combining electric cars and software in one company will democratize EVs for Europe
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