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TOKYO: Toyota Motor Corp posted a 98% plunge in its first-quarter operating profit on Thursday as the Covid-19 coronavirus pandemic halved it global sales.
TOKYO: Japan’s Honda Motor Co on Wednesday forecast a 68% decrease in annual operating profit to a 10-year low with global demand for cars expected to slide because of the coronavirus pandemic.
KUALA LUMPUR: UMW Holdings Bhd (UMW) is looking forward to an improved financial performance in the second half (H2) of 2020, spearheaded by its automotive segment following encouraging sales achieved by UMW Toyota Motor (UMWT) and its 38 per cent-associate company Perodua in July.
SINGAPORE (The Straits Times/ANN): The worst may be over for Singapore retail sales, with the reopening of shops and resumption of dining in for food and beverage outlets after the end of the circuit breaker period in June.
KUALA LUMPUR: Stocks to watch on Wednesday include Kossan Rubber Industries Bhd, Green Ocean Corp Bhd, AT Systematization Bhd, Alam Maritim Resources Bhd, DRB-Hicom and Hartalega Holdings Bhd, according to JF Apex Research.
MEXICO CITY, Aug. 4 (Xinhua) -- The sales of new vehicles in Mexico rose 16 percent in July compared to June, for a third consecutive increase despite the novel coronavirus pandemic, the National Institute of Statistics and Geography (Inegi) said on Tuesday.
After years of being part of a future that never quite arrived, the coronavirus pandemic has put US online car sellers on the map.
PETALING JAYA: Used car dealers are reporting record-high sales, spurred by the government’s tax incentives and customers downgrading to cheaper vehicles in light of the economic uncertainty created by the Covid-19 pandemic.
PETALING JAYA: Vehicle sales are off to a good start with June marking the strongest monthly total industry volume (TIV) growth and potentially indicating a positive start to the second half of 2020.