European automakers may avoid the worst predictions of the COVID-19 pandemic, but they will not be able to avoid “severe pain” in the industry, according to Forbes. “The fact remains the Western European auto market is in deep crisis,” said LMC Automotive. “Our 2020 outlook for the region continues to see a major contraction, at minus 24%, only slightly better than we projected last month.” Auto sales fell by only 2.2% in July compared to the previous month. (Source: Forbes) Read the original story…
