According to a S&P Global Ratings report, there will be no revenue growth for the auto industry in 2020 and 2021. Globally, approximately one-third of rated automakers and suppliers have negative rating outlooks.
Global light vehicle sales will fall short of 100 million annually–by approximately 8 million in 2020.
For auto suppliers, declining volumes, intensifying price competition, foreign exchange volatility, rising raw material costs, and restructuring costs will make it harder to meet business plan ambitions over 2019.
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