News Snapshot:
LONDON: Sales of luxury cars in China and electric drives in Europe were the two bright spots for European automakers in a 2020 blighted by the COVID-19 pandemic, company updates showed on Tuesday. China's auto industry rebounded swiftly following its shutdown to tackle the COVID-19 outbreak, while in Europe manufacturers' battle to meet tough new emissions targets helped electric vehicles (EVs) move from the margins to the mainstream. Volkswagen, the world's biggest carmaker, reported a drop in sales at its core VW brand of just over 15% against 2019. While VW brand sales fell nearly 10% in China, Volkswagen's luxury...
