China's car market seen rebounding from virus as lockdowns ease

BEIJING/FRANKFURT (Reuters) - China's auto market, the world's biggest, will gradually recover and remain stable for a long period despite short-term pressure from the coronavirus epidemic, officials said on Thursday.The statement came as executives from Mercedes-Benz and Volkswagen said demand is rebounding in China after restrictions on social life were eased and dealerships reopened.China's auto sales dropped 79% from a year earlier in February due to the epidemic. However, the situation..