COVID-19’s Immediate Impact on the Automotive Supplier Industry
QAD
APRIL 21, 2020
What’s more, during the great recession of 2007-09, only major automakers like GM and Chrysler got bailouts – this time, many expect suppliers will once again be denied bailouts and be forced into declaring bankruptcy. According to LMC – globally, production is now forecasted to drop to 76.9 from a pre-pandemic forecast of 89.2
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