Stephan wollenstein - Latest News Update, Information, Photos & Videos on Stephan wollenstein at Lokmat Times

The coronavirus pandemic has revived customers' interest in having their own car.The Wall Street Journal in its report said that people from Beijing to Boston are shunning public trains, trams and buses, as they fear contracting the disease from contact with strangers in public places.The outlet cited analysts and executives as saying that many car owners who previously had left them home in favour of shared or public transportation are now taking their own vehicles out of safety concerns."We have seen interest from a new kind of customer, those keen to own a personal vehicle to escape the risks of infection on public transport," Stephan Wollenstein, chief executive of Volkswagen Group China, was quoted as saying, last week.The WSJ citing Ford Motor Co. executives reported that they have started to re-evaluate business plans for autonomous vehicles, concerned the pandemic could lower demand for shared services for a longer term.This sudden interest in use of private transportation is already having an impact on Uber and its ride-hailing rival, Lyft Inc, reported The WSJ. "Rider demand on our platform will be down for the foreseeable future," Lyft CEO Logan Green had said last week.Mike Jackson, chief executive for AutoNation Inc., the U.S.'s largest dealership chain, while speaking of customers who are heading to showroom said they want personal space in mobility.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Stephan Wollenstein, NewsFOLLOW

Stephan wollenstein, Latest News

International :Coronavirus pushes people to shun means of mass transportation, revives consumers' interest in cars

The coronavirus pandemic has revived customers' interest in having their own car. ...