
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Ford Motor Co announced its intention to launch a plug-in hybrid car in China next year as well as a fully electric sport-utility car in the next five years, as the high tech giant works toward electrifying most of its lineup in the world's number one car market by 2025.
It comes at a time when Beijing is urging car makers to sell more electric cars, setting strict fuel economy goals and subsidizing new energy vehicle models, thus trying to reduce air pollution and promote technological innovation.
The time is appropriate for Ford to expand the car maker’s electric vehicle lineup as well as investments in China, as Ford Chief Executive Mark Fields told on Thursday.
The American automaker, which produces vehicles in China through a joint venture with a Chinese company Chongqing Changan Automobile Co, told it actually plans for 70% of Ford brand cars sold in China to be conventional hybrids, full battery electric cars or plug-in hybrids by 2025.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
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