As bad an impact as the coronavirus pandemic has had on the auto industry already, things are likely only to grow worse in April and possibly, beyond.
Virtually nothing connected to the industry will escape unscathed, including automakers, parts suppliers, dealers, investors, and pretty much anyone else linked to the car business. AutoNation, the largest automotive retail chain in the U.S., shuttering showrooms across the U.S. and laying off at least 7,000 employees.
The auto industry was expected to go through some dramatic changes over the coming decade, including the debut of autonomous vehicles, as well as the shift from personal ownership to ride-sharing. EV programs will be pushed out and altered by the virus. Spending on autonomous vehicle development could also take a hit.
Read the article at The Detroit Bureau.