Shares of Tesla Inc dropped as much as 14% on Thursday on concerns regarding the impact of the coronavirus on the electric automaker’s vehicle registrations in China. Details from LMC …
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LMC Automotive
Fiat Chrysler and Peugeot owner PSA’s vow not to shut down factories if they merge is probably to come under heavy strain as the combined group would have spare production …
General Motors stated on Tuesday it will stop reporting every month about U.S. vehicle sales, adding the 30-day snapshot does not accurately show the market and the company will, instead, …
- Tesla
Tencent Holdings deal with Tesla boosts Chinese presence in U.S. auto tech
by SpeedLuxby SpeedLuxChina’s Tencent Holdings Ltd has purchased a 5 percent stake in U.S. automaker Tesla for $1.78 billion, the most recent investment by a Chinese internet business in the potentially lucrative …
- Cars
March U.S. auto sales seen up almost 1.9 percent, according to JD Power and LMC
by SpeedLuxby SpeedLuxU.S. automobile sales in March will increase nearly 1.9 percent from a year previously, even as customer discounts continue to stay at record levels, market specialists J.D. Power and LMC …
Car sales in Western Europe increased 8.1 percent in August, thanks to resilient need in Italy, Spain, France and Germany, forecasters LMC Automotive stated. Western Europe sales estimations at 765,383 …
- American
July U.S. auto sales increased 2.4 percent, full-year sales to drop states forecasters
by SpeedLuxby SpeedLuxU.S. July automobile sales likely increased 2.4 percent from a year previously, however full-year sales will not match 2015’s record, forecasters J.D. Power and LMC Automotive stated on Friday. LMC …
