The new coronavirus epidemic is likely to wreak havoc on China auto sales and pr...
“We expect vehicle production to decline 3% for the full year, with production down 15% in the first quarter, including the extended new year shutdown,” Joseph Massaro, CFO for auto technology supplier Aptiv , told an earnings conference call.
Prior to the outbreak, forecasts for the world’s largest auto market this year had ranged from mild sales growth to small declines after two painful years of contraction due to a slowing economy, the U.S.-China trade war and the chaotic introduction of new emission rules. “Although sales volumes in the first three weeks of January were okay, there was no ‘sales sprint’ at the end of the month. So it is inevitable that we will see a significant sales drop,” Cui said in a blog post.
The outbreak could even change the mindset of the Chinese consumer towards car ownership, given that many are suffering in areas where public transport has been suspended, said Yale Zhang, head of Shanghai-based consultancy AutoForesight.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fashion Trends for 2020 2020 / 2021 » Fashion AllureFashion says a lot about a person and their personality. The way you dress says a lot about who you are, what you do and it even shows your mood. We are going to talk about some fashion trends or rather types of fashion that will make you look amazing this year.
Baca lebih lajut »
Fed keeps rates steady in first meeting of 2020The Federal Reserve holds interest rates steady, pointing to continued signs of a strong economy despite renewed pressure from Trump to make deeper cuts
Baca lebih lajut »
What’s Coming to Hulu in February 2020Next month, Hulu will ring in Valentine’s Day with some counterprogramming. The streaming service will debut its original series “High Fidelity,” a gender-swapped reimagining of Nick Hornby’s novel…
Baca lebih lajut »
Super Bowl 2020: Watch All the Star-Studded Ads (Updating)Chris Evans and John Krasinski are lending their talent to Hyundai, Taraji P. Henson and Busy Philipps are making the case for Olay, and Rainn Wilson is getting cheesy for Little Caesars pizza.
Baca lebih lajut »
GE shares jump 10% on profit beat, higher 2020 cash targetGeneral Electric Co sold more investors on its turnaround story on Wednesday, se...
Baca lebih lajut »
23 Movies Everyone Will Be Talking About in 2020Indie highlights, blockbuster sequels, and live-action remakes abound.
Baca lebih lajut »