9% CAR SALES SLUMP DUE TO COVID-19: MORGAN STANLEY

Highlights:

• Morgan Stanley predicted that the sales in the car in the US will slump by 9% due to novel coronavirus.
• General Motors shares fell by 3.5% while Ford shares were down by 4.2%.
• Coronavirus has negatively impacted the automobile industry.

Morgan Stanley, a US-based multinational investment bank, suspected a fall in car sales in the US. The fall in sales has be....