Bugatti President Stephan Winkelmann said a decision on whether to go ahead with such a costly project has been postponed because even very wealthy customers may not be prepared to buy an ultraluxury car during the global recession brought on by the coronavius pandemic.
Automakers and suppliers are looking into a potential problem that could affect passenger cars equipped with autonomous driving technology, industry experts told viewers during the latest Automotive News Europe Congress Conversations. Click here for the full discussion.
While Porsche's global sales took a hard hit in March and April because of the coronavirus outbreak, the VW Group subsidiary is now seeing a "very strong" recovery. "That gives me cause for optimism," Porsche sales boss Detlev von Platen told Automotive News Europe.
VW Group and its German peers took a hard hit when the coronavirus outbreak stalled sales in China, but now those automakers are poised to bounce back faster from the crisis because they have more diversified global footprints than rivals such as PSA, Renault and Fiat Chrysler.