Back in January, the major challenges facing the car industry seemed clear: electrification, sustainability, technology, consolidation and, for firms with UK operations, Brexit. Not simple issues, but ones that were understood. Then, of course, everything changed.
The coronavirus pandemic has had an impact on every aspect of society – and, let’s not forget, primarily it’s a health issue that has cost lives and affected the well-being of millions. But the economic hit has been severe, and the car industry hasn’t been spared.
While dealing with the tough consequences of Covid-19, the car industry has continued to face those aforementioned challenges – and, in some cases, the pandemic has accelerated their impact.
THE EARLY IMPACT OF COVID-19
The car industry began to take note of the pandemic in January and February,…