GLOBAL AUTO SALES LIKELY TO SLUMP 20 PERCENT THIS YEAR: S&P

Highlights

• The S&P projects global vehicle sales to expand 7 to 9 percent in both 2021 and 2022, meaning that light vehicle sales two years from now will still be 6 percent below 2019 volumes.

• China may be the only market to catch up with 2019 volumes by the end of 2022

• The global rating company said they expect companies’ profitability and cash flow adequacy metrics to be weaker in ....