[FRANKFURT AM MAIN] BMW is following other German carmakers in pumping up its financial liquidity to ride out the coronavirus crisis, its chief executive said Friday, as car sales in the auto-mad nation booked their steepest plunge in almost 30 years in March. Read more at The Business Times.
Official data showed new registrations of cars on German roads plunging in March to their lowest in almost three decades.
"Necessary health policy measures, like the massive limits on public life, closure of car dealerships and limited ability to work in the licensing offices" had braked the car trade, the VDA carmakers' federation said.In a quarterly comparison, sales in January-March were down 20 per cent year-on-year.
"Forecasts for the coming months call for similar or even worse falls until the crisis is over," they added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German carmakers had crisis call with Merkel: HandelsblattThe bosses of Volkswagen , BMW and Daimler held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production ...
Read more »
German carmakers had crisis call with Merkel: HandelsblattThe bosses of Volkswagen , BMW and Daimler held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production ...
Read more »
Man gets jail for cheating MapleStory players of cash for game currencySINGAPORE: A jobless man cheated multiple players of online game MapleStory of about S$1,400, asking for PayNow or Paylah payments for game currency.
Read more »
Commentary: Malaysia’s latest stimulus package provides huge relief but is only enough until MayThe new economic stimulus measures will bolster household incomes and boost companies’ cash flow but the challenge is most of the package would ...
Read more »
Rocket Internet sells stake in Africa ecommerce firm JumiaGerman tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company Jumia, which has seen its shares steadily ...
Read more »
Top EU court backs Amazon in trade mark dispute with CotyEurope's top court on Thursday backed Amazon in its dispute with the German unit of U.S. cosmetics company Coty's, saying the online retail giant ...
Read more »