The auto market was sluggish due to the COVID-19 pandemic, which has also forced the industry to innovate its traditional sales pattern by moving online, according to Jin Wenhui, executive vice president of Jiangling Motors Co. Ltd., a light-duty truck manufacturer.
INDONESIA is developing an industrial park set along the northern coast of central Java amid rice fields.
Despite the impact of the COVID-19 epidemic, the company sold more than 87,500 Hongqi cars during the period.
German stocks edged down on Friday, with the benchmark DAX index down 66.29 points, or 0.54 percent, to close at 12,313.36 points.
Italian-American automaker Fiat Chrysler Automobiles (FCA) posted net losses of 1 billion euros (1.18 billion U.S.
German shares lost on Thursday, with the benchmark DAX index down 442.61 points, or 3.45 percent, to close at 12,379.65 points.
British car production plunged by 42.8 percent in the first half (H1) of 2020 year on year, recording the weakest six months since 1954, the Society of Motor Manufacturers and Traders (SMMT) said Thursday.
A Chinese company shipped 449 school buses with smart features from a port in east China’s Xiamen City to Saudi Arabia Wednesday afternoon.
DuPont reported a bigger second-quarter loss on Thursday and wrote down the value of its automotive business by US$2.5 billion, one of its biggest markets that has been hard hit by the Covid-19 pandemic.
German stocks edged down on Wednesday, with the benchmark DAX index down 13.02 points, or 0.10 percent, to close at 12,822.26 points.