Five million unit slump expected in North American, European light vehicle sales

Recent research from McKinsey has determined how automotive companies may recover from the COVID-19 pandemic. By Freddie Holmes

The automotive industry scrambled to react to the immediate impact of factory closures, dwindling new vehicle sales and financial stability, but attentions must now turn toward next steps. Research from McKinsey’s Advanced Electronics Practice proposes a five-step plan for companies in the automotive supply chain to get back on track.

It comes as business restarts in China; many factories in the country are…

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