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PARIS — Despite record profits last year, Peugeot maker PSA Group said Feb. 26 it lost 700 million euros ($760 million) in China — and that was before the new virus hit a key manufacturing center.

FRANKFURT, Germany — Ratings agency Moody’s is lowering its forecast for global auto sales because of the new coronavirus outbreak.

The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly decline in a decade.

MILAN — Fiat Chrysler is in talks with the Chinese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Jan. 17.

DETROIT — New contracts between the United Auto Workers union and Detroit’s three automakers substantially increased the cost gap between Detroit and foreign automakers with U.S. factories, an industry think tank says.

China’s economy czar will visit Washington the week of Jan. 13 for the signing of an interim trade deal, the government said Jan. 9.

NEW YORK — U-Haul said that it won’t hire nicotine users in the 21 states where it is legal to do so, saying that it wants to ensure a “healthier workforce.”

DETROIT — Tesla Inc.’s global deliveries rose more than 50% last year, meaning the company surpassed the low end of its sales goals for 2019.

ANKARA, Turkey — Turkish President Recep Tayyip Erdogan on Dec. 27 unveiled prototypes of a domestically produced electric car, putting him closer to fulfilling a long-held dream of building Turkey’s first “national” automobile.

BEIJING — China will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development.