Global auto production in 2020 severely hit by COVID-19 crisis with a 16% drop in world auto production
After a bleak 2019, which already saw a marked decline of almost 5% in world auto production (down to less than 92.2 million cars, trucks and buses) and which ended 10 years of growth, the world auto industry faced a new, unprecedented challenge in 2020 due to the COVID pandemic. With shutdowns of a large […]