Auto sales may see more than 70% drop in Q1 FY21, Auto News, ET Auto

According to industry estimates, PV wholesale figures may shrink to 1.5 lakh units from 8.73 lakh units.
According to sector estimates, PV wholesale figures could shrink to one.5 lakh models from eight.73 lakh models.

MUMBAI: Indian automakers could report the worst desire drop in virtually a few many years in the a few months to June, with wholesale dispatches and retail income of passenger automobiles (cars and trucks and UVs) contracting greatly in the quarter that coincided with arguably the world’s strictest and most complete lockdown to protect against the coronavirus from spreading.

The sector could see an total drop of twenty five-45% in fiscal 2021 and Q1 could see a drop of more than 70 p.c,

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Valeo Q1 sales fall 8% amid pandemic

PARIS — Valeo suggests it has sufficient liquidity reserves and has taken “drastic charge-slicing and hard cash preservation steps” to assist it endure the coronavirus disaster, as very first-quarter earnings declined eight percent.

The supplier claimed it was confirming the suspension of any 2020 guidance, presented the uncertainty connected to the disaster, which has shuttered factories and showrooms in Valeo’s big marketplaces and regions.

Over-all revenue fell in the very first quarter to 4.45 billion euros ($4.eight billion), from 4.eighty four billion euros in 2019, Valeo claimed in a assertion.

Revenue fell the most in the Asia/Middle East/Pacific region,

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Ford, expects Q1 net loss of US$2bn | Automotive Industry News

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Ford’s Q1 China vehicle sales down 35%

BEIJING — Ford Motor Co. claimed on Thursday that its China automobile product sales in the initially a few months this year fell 35 percent from a year earlier to 88,770 models, as the coronavirus epidemic strike demand in the world’s most important vehicle industry.

The automaker claimed, however, that its dealers in China have resumed operations and product sales in March attained 75 percent of year-ago stages.

Ford has been hoping to revive product sales in China right after its business enterprise started slumping in late 2017. Income sank 26 percent in 2019, right after a 37 percent 

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