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BEIJING: Automakers in China are calling on the government to help after industry-wide sales plunged 79% in February to mark their biggest ever monthly decline, with demand pummelled by the coronavirus outbreak.
DURING my two-week trip to Indonesia, I observed there was a serious discussion about ekonomi koronavirus (literally coronavirus economy). The debate was on the impact of the outbreak, particularly to Indonesia. Ironically, as of last Thursday, there was no case of the disease among its populace or reports of foreigners contacting the disease.
BEIJING: China’s vehicle sales likely fell by almost a fifth in January, marking a 19th consecutive month of decline, hurt by Lunar New Year holidays that started earlier than last year and by the coronavirus outbreak.
Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday.
FRANKFURT: Elon Musk picked a glitzy event in Germany, a few hours’ drive from the birthplace of the internal combustion engine, to drop the news before some of the world’s biggest car bosses: Tesla Inc plans to set up shop in their backyard.
MUNICH: Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5-Series and the Volkswagen Passat, reliable models that look good in the family driveway or company lot. But a shift in consumer taste to more hulking vehicles is coming at the worst possible time.
SHANGHAI: Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labour and suppliers, sources with knowledge of the matter said.
SHANGHAI: From Jack Ma to Pony Ma, the leading lights of China’s internet industry gather in Shanghai this week to showcase the country’s latest advances in artificial intelligence (AI). But the real headliner could be American entrepreneur Elon Musk.
At a small cocktail stand in the middle of London’s Barbican Centre, a crowd is watching a bartender spin and whirl around a shaker full of ingredients for a passion fruit martini.