Tag: coronavirus outbreak

Industry Focus Areas, Motorized Vehicle

Tesla’s China registrations plummet as holiday, virus deter buyers

February 27, 2020

Via: Automotive News

SHANGHAI — Registrations of new Tesla Inc. cars in China plunged 46 percent in January from a month earlier as the Lunar New Year holiday and an emerging coronavirus outbreak kept vehicle buyers away. Last month, 3,563 Teslas were registered […]

Industry Focus Areas, Motorized Vehicle

Coronavirus causes Moody’s to slash global vehicle sales forecast for 2020

February 26, 2020


Moody’s Investor Service is slashing its global vehicle sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains. The firm now expects global auto sales to slump 2.5% in 2020 instead of a 0.9% drop previously expected. […]

Industry Focus Areas, Motorized Vehicle

PSA, Renault extend China shutdown

February 25, 2020

Via: Automotive News

PARIS — Renault and PSA Group have extended the suspension of their industrial activities in China into March because of the effects of the coronavirus outbreak. The two automakers have production hubs in the city of Wuhan and Hubei province, […]