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China car sales fall record 80% as virus empties showrooms

Bloomberg China’s car sales had the biggest monthly plunge on record as the coronavirus kept shoppers away, intensifying the pressure on automakers already battling an unprecedented slump before the outbreak. Sales fell 80% in February, according to preliminary numbers from the China Passenger Car Association released on Wednesday. Average daily sales improved towards the end of the month compared with ...

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China virus spread slows drastically, but doubt remains

Bloomberg While infections in the rest of the world accelerate, the coronavirus epidemic is showing signs of easing at its center — China — with new cases slowing dramatically and recoveries gathering pace. Still, doubt remains over whether the government’s statistics show the full picture. On March 3, China reported 119 new confirmed cases of the coronavirus, the lowest number ...

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Emission curbs help Thailand’s jet-fuel firm tackle virus impact

Bloomberg Thailand’s top provider of jet refueling services said its goal of greener business operations will help cushion the blow from the coronavirus outbreak, which is hurting demand by stalling tourism. The firm, Bangkok Aviation Fuel Services, is building a 586-kilometrepipeline from central to northern Thailand to transport oil products for automobiles and industry. The connection is expected to be ...

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