China and electric cars offer automakers hope after a dire 2020

LONDON: Sales of luxury cars in China and electric drives in Europe were the two bright spots for European automakers in a 2020 blighted by the COVID-19 pandemic, company updates showed on Tuesday.

China’s auto industry rebounded swiftly following its shutdown to tackle the COVID-19 outbreak, while in Europe manufacturers’ battle to meet tough new emissions targets helped electric vehicles (EVs) move from the margins to the mainstream.…

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