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In May, the first increase in car sales was observed in Europe after 8 months of continuous decline. According to the European Automobile Manufacturers' Association, 1.443 million vehicles were sold in European countries, the figure compared to May last year increased by 0.1%. During the period from January to May, sales fell by 2%, amounting to 6.935 million vehicles. In May, 332.96 thousand cars were sold in the German market, which is 9.1% more than a year ago. In France, sales increased by 1.2% to 193.95 thousand. The most significant decrease was shown by such countries as Denmark and Sweden, where the index fell by 15.3%. A decline in sales was also recorded in Italy, Spain, the UK, and Finland. The most significant sales growth was observed in Lithuania - by 35.3%. The German car manufacturer, Volkswagen, remained the largest supplier of cars in the European market, despite the fact that the number of cars it sold declined in annual terms by 2.1%.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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