Hannover-based Continental, one of the largest automotive parts suppliers in the world, says an already weak future for the industry is being made worse by Coronavirus.
Continental’s prediction, reported in today’s Financial Times, will make depressing reading for manufacturers in the sector. It says 2020 will be the third straight year of contraction since the global financial crisis of 2008. Continental AG tyre factory Mittellandkanal Stoecken, Hannover – courtesy of Continental AG. Grim news for the automotive…
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