#Moody's-Global automakers’ sales forecast cut again as #coronavirus impact deepens
Moody's Investors Service has again cut its sales forecast for the global auto manufacturing sector as the severity of the global recession becomes more apparent, according to a new report published today.
The rating agency now expects global auto unit sales to plummet 20% in 2020, widening from its previous projection of a 14% drop, as coronavirus' economic impact worsens.
China is the only major auto market for which we have not changed our 2020 sales forecast. Auto unit sales in China will contract 10% this year amid signs that demand is beginning to return to normal levels following a sharp decline in the first quarter.
Tokyo flying car makes test flight with hopes of launch by 2023 (video)321630.08.2020, 17:15
Toyota announced a new crossover on a fresh teaser536407.07.2020, 22:35
#Volvo recalls more than 2 million cars over seat belt concerns566202.07.2020, 00:35
#BMW painted their logo in rainbow colors421229.06.2020, 19:55
#Tesla #cars rank lowest among major automakers in influential customer survey688426.06.2020, 20:20
Ford Bronco and Bronco Sport: photos without camouflage (photo)394523.06.2020, 00:35