Automotive suppliers have become significantly more optimistic with their outlook on 2021, with 38% of surveyed suppliers showing positive forecasts compared to just 8% six months ago. Yet, 31% of respondents still hold a notably negative view, a much higher share than in pre-Corona times. This follows from the latest CLEPA Pulse Check survey on business sentiment in the sector, held late … [Read more...]
Virus shutdown to cost UK automotive over £8B
The British car industry faces losing output worth more than £8 Billion due to the coronavirus outbreak. It suffered a production drop in March of a third and fell to its lowest level since 2009, said the Society of Motor Manufacturers and Traders thursday. Britain’s biggest exporter of goods which employs more than 800,000 people saw factories and dealerships begin to close from mid March with … [Read more...]