Autos

Japanese carmakers brace for US sales shock as coronavirus hits consumers

0


A worker walks past Nissan Motor Co. vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture, Japan, on Friday, Feb. 28, 2020.

Akio Kon | Bloomberg via Getty Images

As the U.S. auto industry braces for the biggest downturn since the 2008 financial crisis, analysts are counting the cost for Japan’s automakers — whose fortunes depend heavily on the world’s second largest car market.

The United States overtook Italy and China last week to become the country with the most confirmed coronavirus cases in the world. As of Wednesday morning Asia time, there were about 188,000 infections reported and more than 3,800 people killed by COVID-19, according to the…



Source cnbc.com

0 0 votes
Article Rating

Brent and WTI oil prices set for their worst ever quarter

Previous article

Outspoken Wall Street bond whiz says the stock market is acting ‘dysfunctional’ and may hit rock bottom once we take out March’s low

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos