Only 10 car producers will survive the crisis

Study of this house begins with the fact that sales will drop by 20 million below last year's level.

Crisis recovery will last several years, according to AlixPartners, and the consequences of “Darvinism” in this industry are that only financially strong and innovative producers and suppliers will survive the nearby “cleanup” of the market.

Car industry director «AlixPartners», Elmar Casses, told the German news agency DPA that it was possible to reduce the number of car producers in ten to Tesla in that group.

According to him, German producers belong to the group of producers who will survive, although they have problems with moving electricity and software, but they are strong enough to succeed.

He noted that profits from investments in new technologies have fallen for years, and that the coronary crisis has accelerated only that drop.

“generally, the automobile industry will not be able to win this year,” said Cades.

He said falling from 21 million to 14 million vehicles sold in Europe was the biggest decline and that the pre-crisis level is likely to be reached only five years later.