LMC: Pandemic, Recession Spell 20-percent Production Drop in 2020

This year stands to become one of those big “blip” years if predictions by industry forecaster LMC Automotive pan out. The firm now expects global vehicle output to drop “more than” 20 percent as a result of both the coronavirus pandemic and ensuing recessions born of state-mandated lockdown orders. As reported by Reuters, LMC sees […]
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