Credit ratings agency Moody's Investor Service on Wednesday cut its 2020 ou...
FILE PHOTO: A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar
Moody’s retained a “negative” outlook on the sector and said it expects global sales to rebound only modestly in 2021 with growth of 1.5%. The China Association of Automobile Manufacturers on Wednesday warned it expects significant declines in China’s automotive production and sales levels in February due to the coronavirus outbreak.
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