Hyundai Motor affiliate Kia Motors‘ global vehicle gross sales in Q fell 27.8% year on yr as the COVID-19 pandemic impacted auto demand all over the world. Ford’s Q2 financial results have been battered by the pandemic, with revenues 50% down on last year’s tempo. Ford managed to post a revenue within the quarter ended 30 June, but that end result was heavily skewed by Volkswagen’s $3.5bn investment in its self-driving Argo AI business unit. Tesla reported a 103% yr on year bounce in revenues from its Chinese operations to US$1.4bn within the second quarter of 2020, to account for simply over 23% of the company’s world gross sales. In the primary six months of 2020, Tesla reported revenues of US$2.3bn in China, accounting for just over 19% of the company’s US$12.02bn global gross sales.

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