China

Sales collapse spurs call for relief

A Nissan dealership in Beijing on June 23, 2019. LMC, citing the COVID-19 outbreak, this week forecast China’s light-vehicle market will decline 7 percent to 23.7 million units in 2020. (REUTERS)
R
By:
Reuters
March 12, 2020 12:58 PM

BEIJING -- Automakers in China are calling on the government to help after industrywide sales plunged 79 percent in February to mark their biggest ever monthly decline, with demand lashed by the coronavirus outbreak.

Staying current is easy with newsletters delivered straight to your inbox.