Professor Stefan Bratzel, director of the Center of Automotive Management (CAM) in Germany said the European industry was in trouble before the coronavirus struck what was an enfeebled structure.
“There is a quite critical situation for many carmakers at the moment and especially for smaller players as they run out of money because of the shutdown of production in Europe and elsewhere. Corona has accelerated structural problems we already had, with more capacity than demand especially in Europe,” Bratzel said in an interview.