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SIAC Motor Corp., the largest Chinese automaker, increased sales by 10.9% year-on-year to 3.5 million vehicles in the first half of the year. It is reported that in June, 554 thousand 100 cars were sold, which is 7.2% more than a year earlier. During the earnings period, the company increased the supply of cars by new sources of energy by 275%. They amounted to 57 thousand 400 machines. SIAC Motor, which produces cars together with German Volkswagen and American General Motors, expects that by the end of 2020 its car sales will exceed 600,000 cars.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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