The car industry suffers from Covid-19 and structural change

 

The automotive industry is suffering like hardly any other German industrial sector from the effects of the Corona pandemic. However, this is not only due to the reluctance of companies and consumers to make purchases, which can be observed during the crisis. Even before COVID-19, the industry was already in a prolonged crisis, quite in contrast to the financial market crisis, which had hit companies during a boom phase.


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