Volkswagen’s global sales down 45 pct in April

Xinhua News Agency | May 15, 2020 at 1:17 PM

Volkswagen’s global sales plummeted by 45.4 percent in April year-on-year to a total of 437,500 vehicles, Germany’s largest carmaker announced on Friday.

Fiat Seeks $6.8 Billion State-Backed Loan to Weather Crisis

Bloomberg | May 15, 2020 at 11:25 AM

Fiat Chrysler Automobiles NV is in talks to obtain a state-backed credit line of about 6.3 billion euros ($6.8 billion) to buttress the carmaker’s finances against the steep downturn caused by the coronavirus, according to people familiar with the matter.