Coronavirus pandemic Impact on the European automotive industry growth under its structural transformation

Abstract

Currently, the automotive industry of the European Union is one of the fastest growing industries in the world, but today this sector is facing many difficulties. For now, one of the serious issues is the sudden outbreak and rapid spread of the coronavirus pandemic around the world. Today, it is very important for European automobile companies to forecast and analyze the possible impact of the pandemic on future growth of the automotive business in the region in the short and long term for elaborating plans for the strategic development of companies in and efficient implementation of new business models.