Europeans and Americans have limited the damage linked to the Covid-19.
Fears of a wave of failures with the total shutdown of their activity mostly didn’t materialise, as companies managed to limit the damage. Nevertheless, the pandemic has made some big dents. The graphic shown here presents vehicle sales (×1,000) in H1-20 versus H1-19:
The big six European makers, deprived of €90bn worth of revenue in the first half of the year, were supported by their states—in particular through unemployment measures. The second semester still remains very uncertain; we’ll have to watch and see what will happen.