Chinese car sales drop 16%, could threaten global industry

Car sales fell 16% in January, down to 2.37 million according to the China Association of Automobile Manufacturers. .....»»

U.S. stock index futures dropped on Friday, as the long-feared hit to global growth from President Trump's trade war crystallized in slashed sales forecasts from chipmaker Broadcom, and signs of the worst slowdown in Chinese industry in 17 years......»»

The global semiconductor industry posted February sales of US$34.5 billion, down 2.4% sequentially, according to Semiconductor Industry Association (SIA)......»»

The global semiconductor industry posted sales of US$412.1 billion in 2019, a decrease of 12.1% compared to the 2018 total, according to Semiconductor Industry Association (SIA)......»»

Global Automakers Remain Cautious, Pessimistic As China Forecasts 2% Sales Drop For 2020 The mood in the Chinese auto market is one of pessimism.  And the global auto recession, being led b.....»»

The construction equipment titan — a bellwether for global industry — posted a 6% drop in sales and an 8% drop in profit per share......»»

The construction equipment titan — a bellwether for global industry — posted a 6% drop in sales and an 8% drop in profit per share......»»

Global deliveries for Skoda Auto, part of the Volkswagen group, dropped by 6.6% to 104,900 vehicles in May, pulled down by a weaker overall market in China, its biggest sales destination, the company said on Wednesday......»»

This year's Shanghai auto show highlights the global industry's race to make electric cars Chinese drivers want to buy as Beijing winds down subsidies that promoted sales......»»

The U.S. auto industry saw a rough start to 2019 with a slowdown in the first quarter given higher interest rates, rising vehicle prices and threat of global slowdown. Want the latest recommendations from Zacks Investme.....»»

Chinese smartphone manufacturers may elbow into some of the world's largest markets. However, that does not mean they will make money. Apple owns profitability across the industry......»»

Taiwan's handset components supply chain is likely to feel the pinch of inventory corrections by Chinese handset vendors starting third-quarter 2021 at the earliest amid their sales shrinkages in China and India markets, according to industry sources......»»

LG Electronics Inc. will exit its unprofitable smartphone business after years of struggling to compete with industry leaders Apple Inc. and Samsung Electronics Co., as well as fast-growing Chinese rivals......»»

Global demand for LCD displays used in various medical purposes spiked in 2020 due to COVID-19, but is expected to shrink sharply in 2021 along with the gradual easing of the pandemic, according to industry sources......»»

Smartphone sales in Thailand fell 7.6% annually to 4.7 million units in the third quarter of 2020, according to Gartner, in line with global concerns over resurging COVID-19 that weakened demand......»»

Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase 16% compared to US$59.6 billion in 2019 and register a new industry record of US$68.9 billion in 2020, according to SEMI......»»

Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand......»»

BEIJING (AP) — China’s auto sales declined again in April but losses narrowed in a sign the industry's biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls, according to an industry group.....»»

Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»

Toyota's outlook came as global rivals have refrained from issuing forecasts.....»»