Car-sharing startups take US loans after covid-19 disruptions

The Business Times | Jul 7, 2020 at 2:00 AM

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.

China’s heavy truck sales hit new record in H1

Xinhua News Agency | Jul 3, 2020 at 2:54 AM

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.