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01-10-2020 | Guest Commentary | Issue 10/2020

ATZelectronics worldwide 10/2020

A Last Call for Europe's Car Industry

Journal:
ATZelectronics worldwide > Issue 10/2020
Author:
Philipp Seidel
The Covid-19 crisis is putting the car industry into a perfect storm. Global car sales will collapse by 25 % in 2020 and are expected to finish the year at only 65 to 70 million units. During the next three years markets will recover, but original sales targets will be missed by more than 50 million cars in total. For sure, this is creating tremendous challenges and critical situations for vehicle OEMs, suppliers, and dealerships. ...

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