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Impact on the automotive industry : navigating the human and business impact of COVID-19

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<subTitle>: navigating the human and business impact of COVID-19</subTitle>
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">In many respects, the automotive industry is essential for the global economy and the resulting prosperity: is a critical component of economic growth with extensive interconnections to upstream (e.g. steel, chemicals, textiles) and downstream industries (e.g. repair, mobility services). With nearly 14 million people employed in Europe and 8 million in the US, as well as approximately 5 million in China, the figures highlight the importance of the sector. The turnover earned by the automotive industry exceeds 7% of EU GDP, 3-3.5% of the overall GDP in the US and 10% in China. Although it is currently a difficult time, the OEMs that are able to mobilize their COVID-19 response and take swift actions will be in a better position post-event and more resilient going forward.</abstract>
<abstract displayLabel="Summary">COVID-19 -- The disrupted automotive value chain -- Rapid response and key imperatives</abstract>
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<topic>Industria automovilística</topic>
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