GlobalData: Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012
Green Car Congress
MARCH 5, 2020
This means China’s latest sales figures will be a significant cause for concern for these companies, potentially requiring them to scale back revenue and profit forecasts. The auto industry is poorly prepared for such supply chain shocks because many operations run on a ‘just-in-time’ basis, with very limited numbers of stockpiled parts.
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