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The auto sector is in crisis a study by the Consultancy Group shows the pandemic has cost the industry billions of dollars worldwide the german order giants like fox fox timeline and b. M. W. Have seen revenues collapse 5 to 40 percent thats never happened before the Global Market was waiting before the coronavirus hit and the comic is here scrambling to catch up in the huge shift towards cleena and smart a take its all come up once bosses say they need more help but a virtual cost summit with german chancellor Angela Merkel has left the mentee handed 1. 00 of the topics was how to financially help supply is on the one hand the whole industry is suffering from low demand on the other hand the conversion to alternative fuels is a top priority concrete measures a set to be decided at another meeting in november. Is head of Automotive Research at sanford c. Bernstein what happened to the cox chancellor merkels always being such a staunch supporter of the sector. Well i think most answers

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