Coronavirus causes Moody's to slash global vehicle sales forecast

The existing reservation list for new Tesla Model 3 electric vehicles is more than 400,000 people long. Moody’s Investor Service is slashing its global vehicle sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains. The firm now expects global auto sales to slump 2.5% in 2020 instead of a 0.9% drop previously expected.

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