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. light vehicle sales in March fall 27% on month as virus outbreak intensifies
FILE PHOTO: Automobiles are shown for sale at a car dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo (Reuters) – Light vehicle sales in the United States fell nearly 27% in March compared with a month earlier, data released by an automotive research group showed on Wednesday, […]