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In countries where the lock down is flexible, we see the automotive is slowly getting better. The consumer confidence is increasing and as first the occasion market restores.
First of all we hope you, your family members and employees are doing well. We live in unprecedent times and realize that the Corona-crisis has an impact on you personally. The whole situation creates uncertainty and will mean new challenges and dilemmas, which we have to face together.
European factory shutdowns as a result of the COVID-19 crisis have resulted in an enormous production loss.
After recent warnings for a global shortages of semiconductor chips, car manufactures will be tested even stronger. In the last week it became clear on top of the challenges with semi-conductors, many brands are anticipating also shortages of battery cells.
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