Nissan Motor has raised 832.60 billion yen (S$10.78 billion) in financing from its creditors since April as it tries to shore up its cash position in the face of falling sales due to the coronavirus pandemic, its latest annual securities report shows.
Getaround and Turo, car-sharing companies that have been valued at more than US$1 billion by private investors, said Monday that each took at least US$5 million through the US Paycheck Protection Program (PPP), a government programme intended to help small businesses ride out the disruptions caused by the coronavirus pandemic.
Britain’s new car market dropped by a third year-on-year in June, as it began a tentative restart after an over two-month COVID-19 lockdown, the Society of Motor Manufacturers and Traders (SMMT) said Monday.
The Trump administration on Monday revealed the names of more than 650,000 employers that secured billions of dollars in emergency small business aid — including Washington interest groups, businesses tied to lawmakers and some of the country’s best-known consumer brands.
China is set to gain “considerable importance” in the coming years for Germany’s auto industry, which has already benefited considerably from China, a noted German expert has told Xinhua.
New passenger car registrations in Germany fell by almost 35 percent to 1.21 million cars in the first half of 2020, based on figures by the Federal Motor Transport Authority (KBA), the German Association of the Automotive Industry (VDA) announced on Friday.
SAIC Motor Corp. Ltd., China’s largest automaker, agreed to pay as much as HK$1.9 billion ($254 million) for 28.92% of leading car rental services provider Car Inc.
China’s heavy truck market reported record sales in the first six months as the phase-out of heavy emission vehicles and greater efforts in overload control boosted purchases, industry data showed.