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Volkswagen first-half operating profit is expected to come in at around 11 billion euros ($13 billion), it said on Friday, even surpassing pre-pandemic levels on the back of strong demand in Europe and the United States.
Dubai Chamber of Commerce (DCC) recently hosted the Used Cars Showroom Business Group for a meeting at its headquarters, where members of the group
The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic buttons as ground could be made up later in the year, industry executives said.
New energy vehicle (NEV) sales in China surged 26% on year to 109,000 units in August for their second consecutive month of gain, a promising sign for automakers that have invested heavily in the world’s biggest market for electric vehicles (EVs).
Passenger car retail sales in China, the world’s biggest auto market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said.
An automobile industry body in the UK on Friday slashed its full-year outlook for car registrations in the country by 2.2 per cent, as supply chain issues,
The man bought a car whose odometer showed that it had travelled 112,000 kilometres but later discovered that the car’s odometer had been tampered with and that the car had travelled 517,000 kilometres.
China is likely to see vehicle sales drop again this year as opposed to earlier expectations for zero growth, the country’s biggest auto industry association said, after it unveiled data showing the sector contracted for a 12th straight month in June.
Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the world’s two most populous markets are not living up to the earlier heady expectations.
Auto sales in China fell 8.2 per cent in 2019, data from the country’s biggest auto industry association showed on Monday. Total auto sales in the world’s biggest auto market fell 0.1 per cent in December from the same month a year earlier,
