Nissan's bigger rival Toyota Motor Corp has said it expects to cut its domestic production by around 40% as it significantly reduced output at its Japanese plants starting earlier month.
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Such a steep drop in the oil benchmark prompted strong reactions beyond trading floors. Here is an explanation of what negative crude prices mean in the real world:
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The company's total retail sales for the quarter ending March 31 were 1.09 lakh vehicles, down 30.9 per cent compared to the same period last year.
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Ford's vehicle sales to dealers fell 21% in the first quarter, compared with a year earlier.
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The Swedish carmaker, which is owned by China's Geely, has a good order intake, but three weeks' worth of production has been lost
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March sales were down 44.6% year-on-year in western Europe, down 23.1% in central and eastern Europe, down 42% in North America, and down 35% in China
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The Hero Group has committed a corpus of Rs 100 crore as aid for the ongoing COVID-19 relief efforts.
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Although many consumers will be hesitant about purchasing a car in the present circumstances, OEMs and car dealerships still need to offer more flexibility.
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