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China auto sector braces, hopes coronavirus impact is short-lived

The big test could come when factory workers return from holiday breaks in high-contagion areas

SHANGHAI/BEIJING (Reuters) - The new coronavirus epidemic is likely to wreak havoc on China auto sales and production in the first quarter, but it is too early to push panic buttons as ground could be made up later in the year, industry executives said. Dongfeng Motor Group and its partners Honda Motor, Renault and PSA all have factories there. "We expect (China) vehicle production to decline 3% for the full year, with production down 15% in the first quarter, including the extended new year s

Toyota will invest $391 million in San Antonio truck plant

It'll fund advanced technologies to make the plant more flexible