Tag: vehicle demand

Industry Focus Areas, Motorized Vehicle

GM’s Q1 China vehicle sales drop 43% as coronavirus cuts demand

April 3, 2020

Via: Automotive News

General Motors’ vehicle sales in China fell 43 percent in the first three months of 2020 compared with the same period last year, the company said on Friday, as the coronavirus pandemic reduced demand in the world’s biggest auto market. […]

Industry Focus Areas, Logistics, Motorized Vehicle, Process

Continental 2019 adjusted profit falls as vehicle demand slumps

March 5, 2020

Via: Automotive News

FRANKFURT/BERLIN — Continental said it would step up cost savings after posting a drop in adjusted profit and a 1.2 billion-euro ($1.3 billion) net loss in 2019 as worldwide vehicle demand slumped. Cost-cut plans will be presented in May because […]