(English) Automotive Sector Braces for Chinese Bargain Hunters as Leading Companies Lose Combined $564bn Market Cap in Q1 2020, Says GlobalData

LONDON, May 14, 2020 /PRNewswire/ — Deal activity in the automotive space is moribund at the moment amid the COVID-19 crisis. Indeed, as GlobalData’s deals database shows, automatic transaction values in Q1 2020 fell by 82% year-on-year to $13.8bn – even though deal volume increased 15% to 181 in the time period.