, Columnist
What Happens to a Car Sector That Can’t Make Cars?
Carmakers can’t make vehicles and customers don’t want to buy them. The coming months will divide the industry between those with balance sheet strength, and those without.
Car manufacturing is entering suspended animation.
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What will become of the car industry if it cannot build cars? With car plants on both sides of the Atlantic shutting down for the next few weeks due to coronavirus, we’re about to find out.
When the global financial crisis struck a decade ago, many U.S. and European carmakers idled production to prevent a build-up of unsold vehicles.