Pandemic intensifies margin pressure on automotive suppliers – sales expected to decline globally by 15 to 20 percent in 2020
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EBIT margins fell to a historic low of 1.7 percent in the first half of 2020
Car sales in North America and Europe expected to reach pre-crisis levels only after 2026
Suppliers must balance restructuring and strategic realignment
Munich/Frankfurt, November 2020: Electromobility, autonomous driving and digital transformation of cars: Technological change continues to put