Market cap of world's top five carmakers plunges $63bn

An employee leaves the Volkswagen factory in Mexico when it shut in March due to the coronavirus. Picture: REUTERS

The world's largest automobile manufacturer, the Volkswagen Group, managed to reduce the effects of Covid-19 in the first half of the year, but sales revenue decreased by 23.2% since January, reaching €96.1bn at the end of the second quarter of the year. Until the end of June, the Volkswagen Group reported a significant year-on-year decline of 27.4% in its deliveries to 3.9-million vehicles.

Toyota, the world’s second largest automaker, lost $15.4bn in market capitalisation amid the Covid-19 outbreak, falling from $196.9bn in December 2019 to $181.5bn. The company's financial results revealed the smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

SA’s couture kings dressed for success in luxury property marketDesigners Malcolm Kluk and Christiaan Gabriel du Toit have expanded their portfolio to include bricks and mortar
مصدر: SundayTimesZA - 🏆 47. / 51 اقرأ أكثر »

MARKET WRAP: Rand has longest winning streak in a monthThe JSE all share fell 0.9% and the top 40 0.94%, with platinum miners and resources down 3.69% and 2.53%, respectively
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

ANALYSIS: Searching for a blueprint to rescue SA: Tips from Germany’s social market economy modelCould Germany’s ‘miracle’ in rebuilding its shattered economy and society – after the hyperinflation of the 1920s and 30s, Nazism, the Holocaust and World War II – help avoid South Africa ‘doddering towards a failed state’?
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

MARKET WRAP: JSE firms as markets shift focus to US stimulusThe consumer price index accelerated to 3.2% in July from 2.2% in June
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Market data - August 26 2020Market data including bonds and fuel prices
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

Market data — August 25 2020Market data including bonds and forward rates
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »