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A wave of selling hit European shares on Thursday amid investor fears of a prolonged economic downturn due to the coronavirus pandemic, driving euro z(...)

JPMorgan said its commitment to companies in Europe “remains unwavering”. Photograph: Eduardo Munoz/Reuters

US banks are pulling back from lending to European companies during the coronavirus pandemic, fuelling concerns that Wall Street may be quietly withdr(...)

PSA said it  expects the auto sector to fall by 25 per cent in Europe this year

PSA has enough funds to cope with a halving in auto industry sales this year, the French carmaker said on Tuesday as it warned of a plunge in demand d(...)

VW urged the European Central Bank to buy short-term commercial debt to help it weather the coronavirus pandemic. Photograph: Getty

Volkswagen is burning through approximately €2 billion in cash per week, the world’s largest carmaker revealed, as factory closures across Europe and (...)

Some motoring life must continue,  as people still need to work, and those working in vital services and industries still need to be able to get about. Photograph: iStock

The motoring world seems suddenly microscopic compared to the vast scale of the Covid-19 crisis. Still, some motoring life must continue, both here in(...)

Tesla, the luxury electric carmaker, said Thursday that it would shut down production at its San Francisco factory next Tuesday, ending a standoff with California authorities concerned about the spread of the coronavirus. Photograph: Mike Blake/Reuters

Tesla, the luxury electric carmaker, said Thursday that it would shut down production at its San Francisco factory next Tuesday, ending a standoff wit(...)

US president Donald Trump talks to reporters at the US Capitol after attending the Senate Republicans weekly policy luncheon. Photo by Samuel Corum/Getty Images)

World finance leaders tried to lift confidence with emergency measures to pour cash into panic-stricken markets on Thursday, as investors everywhere d(...)

Jack Welch, former CEO of General Electric.

Jack Welch, the champion of corporate efficiency who built General Electric (GE) into one of the world’s largest companies and influenced generations (...)

Workers dismantling the Mercedes stand at the Geneva International Motor Show, which has been cancelled due to the Covid-19 epidemic. Photograph: AFP

One of the car industry’s marquee events fell victim to the coronavirus epidemic, with organisers of the Geneva International Motor Show pulling the p(...)

A deserted street in Turin, Italy. Officials said that the number of deaths due to the Covid-19 coronavirus in Italy has climbed to 12 while more than 400 people have contracted the virus. Photograph: Tino Romano/EPA

A slew of profit warnings on Wednesday and general corporate alarm over the potential fallout from the coronavirus epidemic highlighted the prescience(...)

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