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"The Pandemic Will Permanently Change the Auto Industry"

"Plunging sales could force factories to close and lead to takeovers and mergers, but also bolster sales of electric cars."

"FRANKFURT — Some automakers may emerge stronger, others too weak to survive on their own. Factories will shut down. The pressure to go electric could become more intense.

People may travel less now that they have discovered how much they can get done from home. Or they may commute more by car to avoid jostling with others on crowded buses and trains.

The auto industry was bracing for a brutal year even before the coronavirus idled factories, closed dealerships and sent sales into a free fall. Now, things are about to get really Darwinian: The industry is expected to realign in ways that could have a profound effect on the eight million people worldwide who work for vehicle manufacturers."

Jack Ewing reports for the New York Times May 13, 2020.

Source: NYTimes, 05/13/2020