Dylan Chew News Today

From flourishing to floundering: automakers to face further issues In the first half of 2020, the automotive industry took a hard hit from COVID-19 with demand nosediving, production shutdowns and allocation shifts focusing on telecommunications and industrial automation. As a result, sales went down a whopping 34%. By the end of the year, demand for automobiles began to mend as sales improved by 19%. Though this is lower than previous years, some car manufacturers have already started to see t...