Coronavirus Boosts Cheap Cars, But European Manufacturers Will Lose Out To Chinese; Report


Source: bitcoinethereumnews.com bitcoinethereumnews.com

Key Topics in this News Article:

News Snapshot:

Cheap little gasoline or diesel cars like the Volkswagen Up! will soon be priced out of the market. … [+] (AP Photo/Mustafa Quraishi) ASSOCIATED PRESS The coronavirus has forced people off dangerous public transport and back into their cosy, safe, sanitized cars, so that’s great news for the automotive industry, right? Well yes, but even though the number of people deciding to buy new cars has risen strongly, they also say they want more utility and value for money and guess which sector European auto makers are now about to desert, declaring it a profit-free zone? You’ve guessed it; little...