BMW stated that its pre-tax profit and car deliveries are likely to drop markedly in 2020, as coronavirus spreads, and combined with higher R&D spending this will diminish profit margin.
Rolls-Royce Motor Cars announced that it would suspend production at its UK factory for two-week period to ensure the health of employees.
On Wednesday, crude oil prices sank for a third consecutive trading session. The US crude futures were down by 10.5%, at $24.13 per barrel at 1400 GMT, its lowest level since April 2002.
On Wednesday, Wall Street's main indexes continued to slide lower. The Dow Jones Industrial Average fell by nearly 5% at the open, while the S&P 500 opened lower at 2,436.50.
On Wednesday, Goldman Sachs asked the majority of its employee in Europe, Africa, the Middle East and in the Americas to work remotely from home till further notice.
The German multinational conglomerate ThyssenKrupp AG announced on Wednesday that it was planning to cut working hours or halted production because of the coronavirus pandemic.
The world's No. 2 mobile operator Vodafone announced the coronavirus outbreak was triggering its networks' data traffic to rise, with the demand already surging 50% in some of the markets.
On Wednesday, the world's second-largest tobacco maker, British American Tobacco, stated it had not yet noticed any material impact from the coronavirus outbreak, despite certain launches were postponed amid the Chinese supply chain disruptions.
Ryanair is considering to ground the majority or even all of the carrier's flights starting from Tuesday, March 24, excluding a couple of flights between Ireland and Britain to maintain the essential connectivity, Ryanair said on Wednesday.
Fiat Chrysler has suspended its Atessa plant located in Italy for the second time due to parts supply disruptions related to the coronavirus crisis after the EU plant resumed its operations on Tuesday.
On Wednesday, oil prices dropped for the third session with the US crude futures plunging to a 17-year-low level as social and travel lockdowns caused by the coronavirus outbreak hit the outlook for demand.
Waymo, Uber, Cruise and other autonomous technology firms have halted self-driving car testing, which involves a back-up driver, in the global efforts to contain the coronavirus spread.
The coronavirus outbreak has boosted grocery delivery apps across the Latin American countries, after schools suspended their activities and the majority of people work remotely to prevent the spread of the virus.
Japan's carmaker Toyota Motor has entered partnership with Momenta, the Chinese autonomous driving start-up, over a high definition mapping platform development for self-driving vehicles, Momenta stated on Wednesday.
Volkswagen is planning to use high-nickel in its electric vehicle battery cells, raising its amount from 65% to 80% in the following year, Frank Blome, the carmaker's battery cells head said.
Tesla Inc is unable to continue operating its main US vehicle plant normally in San Francisco due to a three-week lockdown announced on Tuesday to prevent the coronavirus spread.
On Tuesday, the US Federal Reserve announced it would start buying corporate America short-term debt through a facility last invoked during the 2008 financial crisis.
On Tuesday, the Japanese automobile manufacturer Nissan announced that it has stopped production at UK's biggest car plant in Sunderland due to the impact of the coronavirus pandemic.
On Tuesday, Pedro Sanchez, the Spanish Prime Minister, announced a $219 billion aid package to combat the impact of the COVID-19 outbreak of the economy.
According to the US Commerce Department report on Tuesday, the US retail sales declined in February by the most in a year.
EU leaders agreed to close Europe's borders for 30-day period to prevent the coronavirus spread, but set up fast-track lanes for goods at frontiers.
Standard Chartered announced that it expects global oil demand to drop markedly in 2020, citing the coronavirus spread and travel restrictions imposed to constrain it.
Nissan stopped production at the UK biggest car factory amid coronavirus impact, as it assessed the drop in market demand and supply chain disruption.
Dixons Carphone is set close all 531 standalone Carphone Warehouse stores in the UK and cut 2.9K jobs within a plan to turn around mobile phones business.