LONDON, Oct 12 : Chinese EV maker Xpeng plans to expand its European production in order to comply with new European Union rules mandating minimum local content in electric cars, company vice president Yeqing Zheng told Reuters at the Paris car show. • Magna currently produces EVs under contract for Xpeng
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PARIS, Oct 12 : France's LVMH on Monday reported worse-than-expected third-quarter organic sales growth as weak demand for its fashion and leather goods weighed. Organic sales, which strip out currency swings, rose 1 per cent year-on-year to €18.28 billion ($20.40 billion), compared with the 1.3 per cent
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