Volvo abandons plan to sell only fully electric cars by 2030; Volkswagen warns time is running out to adapt – business live

Rolling coverage of the latest economic and financial news, as European car makers struggle with transition to electric vehicles

The oil price is weakening again today, hit by US growth worries – among other factors.

After a near-5% fall on Tuesday, Brent crude has lost another 1.2% this morning to fall below $73 per barrel, its lowest since mid-December.

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