Your daily updates around automobile industry
Plunging sales could force factories to close and lead to takeovers and mergers, but also bolster sales of electric cars. A Skoda Auto factory in Mlada Boleslav, Czech Republic. It took almost a decade for car sales in the European Union to recover from the recession that began in 2008. FRANKFURT — Some automakers may emerge […]
Americans will take 150 million fewer trips this summer because of the coronavirus pandemic, a decline of nearly 15% from last year, according to AAA. However, AAA forecasts people will hit the road this summer in numbers very close to recent years. AAA projects 683 million road trips from July to September. That’s only a 3% decline […]
The auto industry, like the rest of the economy, was plunged into sudden recession when the world essentially shut down in the attempt to stop the spread of a deadly virus. This was not like the downturn in 2008-’09 that was about 18 months in the making. Coronavirus threw down the hammer in mere weeks. Automakers emerged […]