MUNICH/FRANKFURT–(Business Wire)–Electromobility, autonomous driving and digital transformation of cars: Technological change continues to put pressure on margins at automotive suppliers. The Covid-19 pandemic has further intensified this trend. As a result, this year’s global sales are expected to slump by an average of 15 to 20 percent compared to 2019. […]
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U.S. vehicle travel was down 8.6% in September, the smallest decline of the pandemic
WASHINGTON — U.S. motorists drove 8.6% fewer miles in September, marking the smallest monthly decline since the coronavirus pandemic forced millions of Americans to begin working from home in March. The Federal Highway Administration said on Friday road travel fell by 23.4 billion vehicle miles in September, but it was […]