“A massive drop in car sales sparks new push in Congress to aid the auto industry”
May 8, 2020
“A precipitous decline in car sales amid the deadly coronavirus outbreak has caught the attention of Capitol Hill, where some lawmakers are now urging Congress to authorize new aid for the auto industry.
The heightened push on Capitol Hill comes as the industry grapples with steep, unexpected losses: Car sales were down about 40 percent just last week, according to J.D. Power, which monitors the industry. Since the outbreak began in March, retailers have sold nearly 800,000 vehicles fewer than initially forecast, the firm said…”
https://www.washingtonpost.com/business/2020/05/06/congress-auto-industry-aid/