Automotive Industry News February 2021
Car industry is bouncing back with both Nissan and Honda forecasting improved business results
China’s automotive market is helping automotive industry to recover from pandemic economic collapse.
China’s market grew by 6.4% in December 2020 alone. Manufacturing is held back more by lack of chips than Covid pandemic.
Honda Motor Co full-year operating profit forecast increased to 520 billion yen. Nissan losses greatly reduced. Both largely due to sales in China.