Society of Manufacturing Engineers: Auto Industry Loses Sales, Adds Debt Because of COVID-19
June 06, 2020
June 06, 2020
DEARBORN, Michigan, June 6 -- The Society of Manufacturing Engineers issued the following news:
The global auto industry is losing sales and increasing its debt because of the novel coronavirus (COVID-19), consulting firm AlixPartners said in a presentation this week.
The company is forecasting global deliveries of 70.5 million vehicles and U.S. sales of 13.6 million for 2020. The U.S. downturn comes after years of U.S. deliveries of more than 17 million vehicles annual . . .
The global auto industry is losing sales and increasing its debt because of the novel coronavirus (COVID-19), consulting firm AlixPartners said in a presentation this week.
The company is forecasting global deliveries of 70.5 million vehicles and U.S. sales of 13.6 million for 2020. The U.S. downturn comes after years of U.S. deliveries of more than 17 million vehicles annual . . .