Sales rise 4th straight month as outbreak eases

SHANGHAI — Automobile income sophisticated for a fourth straight month in China, with an easing in the coronavirus pandemic allowing purchasers to progressively return to showrooms.

Product sales of passenger cars and trucks these kinds of as sedans and SUVs, as perfectly as professional motor vehicles, increased 15 % in July from a year previously to two.08 million, the China Affiliation of Vehicle Producers reported in a assertion, citing preliminary figures. From January to July, motor vehicle income declined by thirteen % to 12.3 million models. CAAM did not crack out quantities for passenger cars and trucks or other motor

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Veoneer posts Q2 net sales down 62% to US$184m | Automotive Industry News

Veoneer has claimed next-quarter net gross sales down sixty two% to US$184m.

Energetic Safety net gross sales of US$79m declined fifty seven% which includes an Natural and organic Revenue decrease of 56%

“The next quarter was incredibly abnormal,” mentioned Veoneer president and CEO, Jan Carlson. “Light-weight automobile creation declined by about forty five%, the worst decrease in recorded background. The many complexities in conditions of regional variations, world wide source chains, short delivery notices and various other aspects, built it a incredibly tricky environment for working powerful and successful functions.

“The well being of our workforce remained a continued emphasis,

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Thai sales fall 33% in June | Automotive Industry News

Thailand’s new motor vehicle sector fell by close to 33% to 58,013 models in June 2020 from robust calendar year earlier profits of 86,048 models, according to wholesale details compiled by the Federation of Thai Industries (FTI).

This adopted even sharper declines in the former two months, as big sections of the overall economy ended up less than lockdown to support management the distribute of the COVID-19 pandemic.

Whilst the Thai government started to relieve small business and social limitations in early Could, essential sectors of the overall economy remained less than stress, significantly individuals dependent on journey and tourism,

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Continental burns cash as Q2 sales slump nearly 40%

BERLIN — Continental endured a approximately 40 % 12 months-on-12 months decline in group profits for the duration of the next quarter, producing the German supplier to burn hard cash and forcing it to refrain from furnishing an outlook for the 12 months.

Consolidated group profits declined by 39.eight % to six.sixty two billion euros ($7.six billion), the enterprise reported Monday as it described some final results early. Operating margin was minus 9.six % and described free of charge hard cash stream was a negative 1.seventy eight billion euros ($two billion.)

The automotive sector, spearhead of Germany’s export-driven overall economy,

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China sales rise 12% in June | Automotive Industry News

China sales were up again in June but longer term concerns, there before the pandemic, remain

China gross sales ended up up all over again in June but lengthier expression concerns, there just before the pandemic, continue to be

New auto gross sales in China rose by eleven.6% 12 months on 12 months to two.3m units in June 2020 from two.06m in the same thirty day period of previous 12 months, according to passenger and commercial auto wholesale data unveiled by the China Association of Automobile Producers (CAAM).

Product sales previous thirty day period ended up pushed greater generally by a sixty three% bounce in commercial vehicle deliveries to 536,000 units from weak 12 months previously

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