Vehicle sales

1010 WINS Newsroom
May 27, 2020 - 2:57 pm
WASHINGTON (AP) — The Federal Reserve detailed Wednesday what most of the nation is already acutely aware of: Economic activity fell sharply around the country in April and May as measures to combat the spread of the coronavirus outbreak took hold. Drawing on reports from its 12 regions, the Fed...
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FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of auto workers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus. (AP Photo/Carlos Osorio, File)
1010 WINS Newsroom
May 15, 2020 - 10:37 am
DETROIT (AP) — Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of auto workers are returning to factories that have been shuttered since mid-March due to fears of spreading the...
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1010 WINS Newsroom
May 06, 2020 - 5:07 am
FRANKFURT, Germany (AP) — Automaker BMW saw net profit fall slightly in the first quarter from a year earlier, when the company had a large one-time expense. The company said it expected earnings to deteriorate during the first half of this year due to the coronavirus lockdowns and predicted the...
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FILE - In this April 25, 2018, file photo, attendees take photos of the E-SEED electric concept car during a press conference by Chinese automaker BYD at the China Auto Show in Beijing. China is promising more subsidies to shore up plunging electric car sales amid the coronavirus pandemic but set limits that exclude Tesla’s made-in-China model. Subsidies and tax breaks that were due to end this year will be extended by two years in response to “an accumulation of unfavorable factors” including the virus, the Finance Ministry said Thursday, April 23, 2020.(AP Photo/Mark Schiefelbein, File)
1010 WINS Newsroom
April 24, 2020 - 1:39 am
BEIJING (AP) — China is promising more subsidies to shore up plunging electric car sales amid the coronavirus pandemic but set limits that exclude Tesla’s made-in-China model. Subsidies and tax breaks that were due to end this year will be extended by two years in response to “an accumulation of...
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A saleswoman waits for customers in a shop as many smaller stores are allowed to open in Essen, Germany, Monday, April 20, 2020. Europe's biggest economy, starts reopening some of its stores and factories after weeks of lockdown due to the new coronavirus outbreak. (AP Photo/Martin Meissner)
1010 WINS Newsroom
April 20, 2020 - 8:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus. ________________________ RESTRICTIONS VARY: North American border-crossing limits are being...
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FILE - In this April 8, 2020, file photo, workers assemble cars at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central China's Hubei province. China's auto sales sank 48.4% in March from a year ago as the economy reeled from the coronavirus, according to an industry group, adding to strains for the struggling industry in its biggest global market. (AP Photo/Ng Han Guan, File)
1010 WINS Newsroom
April 11, 2020 - 6:33 am
BEIJING (AP) — China’s auto sales sank 48.4% in March from a year ago as the economy reeled from the coronavirus, according to an industry group, adding to strains for the struggling industry in its biggest global market. Sales of SUVs, sedans and minivans totaled just over 1 million, the China...
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FILE - In this April 16, 2019, file photo, attendees take a close look at cars from BYD at the Auto Shanghai 2019 show in Shanghai. China’s auto sales plunged 81.7% in February, 2020, from a year ago after Beijing shut down much of the economy to fight a virus outbreak, adding to problems for an industry that already was struggling with shrinking demand. (AP Photo/Ng Han Guan, File)
1010 WINS Newsroom
March 12, 2020 - 6:19 am
BEIJING (AP) — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported Thursday, adding to problems for automakers already struggling with shrinking demand. Sales of SUVs, sedans and minivans fell to...
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1010 WINS Newsroom
February 26, 2020 - 8:10 am
FRANKFURT, Germany (AP) — Ratings agency Moody's is lowering its forecast for global auto sales because of the new coronavirus outbreak. It now reckons that sales will decline 2.5% decline in 2020 instead of only 0.9%. This year's anticipated decline follows a fall in 2019 of 4.6%. Moody's said in...
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In this photo taken Tuesday, Feb. 11, 2020, a woman walks past Lunar New Year decor and shuttered bars at a retail district in Beijing, China. Millions of Chinese workers and entrepreneurs are bearing the rising costs of an anti-virus campaign that has shut down large sections of the economy. The government has imposed restrictions nationwide that have stalled travel and sales of real estate and autos. (AP Photo/Ng Han Guan)
1010 WINS Newsroom
February 15, 2020 - 9:28 pm
BEIJING (AP) — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping effort to contain a virus outbreak. Du, who lives in Jiaozhuo, near the...
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1010 WINS Newsroom
February 13, 2020 - 5:30 am
BEIJING (AP) — China’s auto sales plunged in January, deepening a painful downturn in the industry’s biggest global market and adding to economic pressures as the country fights a virus outbreak. Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group,...
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