COVID-19’s Immediate Impact on the Automotive Supplier Industry
QAD
APRIL 21, 2020
The onset of COVID-19 arrived at a time when the global automotive industry was already in a state of tumult, with suppliers and automakers looking at a future defined by electrification, autonomy, and connectedness. As a result, the seasonally adjusted annual rate ( SAAR ) for automotive production has dropped to 11.4 million units.
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