China auto sales slump in March on COVID curbs, Tesla production sluggish


Source: shorenewsnetwork.com shorenewsnetwork.com

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SHANGHAI (Reuters) – China auto sales plunged in March as the country’s curbs to rein in COVID-19 outbreaks took their toll, while Tesla Inc was among automakers feeling the pain of limits on production. Sales in the world’s biggest car market tumbled 11.7% in March from a year earlier to 2.23 million vehicles – its first decline in three months and contrasting sharply with an 18.7% jump in February, according to the China Association of Automobile Manufacturers. “The recent pandemic situation has been quite severe and so the figures in March were not too good, and we currently do not...