The Automobile Industry Revisited - excellent
We use cookies essential for this site to function well. Please click "Accept" to help us improve its usefulness with additional cookies. Learn about our use of cookies, and collaboration with select social media and trusted analytics partners here Learn more about cookies, Opens in new tab. Electric mobility, driverless cars, automated factories, and ridesharing —these are just a few of the major disruptions the auto industry faced even before the COVID crisis. Many of the recent developments raise concern. For instance, the COVID crisis has compelled about 95 percent of all German automotive-related companies to put their workforces on short-term work during the shutdown, a scheme whereby employees are temporarily laid off and receive a substantial amount of their pay through the government. The Automobile Industry Revisited
Momentum in the electric vehicle EV segment has remained solid over the course of an otherwise turbulent year for the automotive industry. More players than ever are scrambling to gain a foothold in this promising sector, which promises not only air quality and environmental benefits but also lucrative revenue streams for those that read the market right.
Backing the wrong technology will prove an expensive and time-consuming waste that could prove fatal in such a demanding environment….
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