Automotive

The Road To Stability

In the last few weeks, several pieces of bright news have surfaced and seem to indicate a return to health is on the horizon, even if we have to squint to see it. 
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The Road To Stability

It has been a long road to recovery from the Covid-19 pandemic. At each turn a new issue, stemming from or independent of Covid, seems to threaten all efforts to recover as an industry and society. However, in the last few weeks several pieces of bright news have surfaced and seem to indicate a return to health is on the horizon, even if we have to squint to see it. 

🏭 👷 96.3% of Shanghai industrial businesses have resumed work. China's Ministry of Industry reports production rates are above 70% and will continue to return to normal. 

🚚 🚢 VW, Audi, and Cupra are clearing backlogged EV orders now that parts are more available. VW Group will resume three-shift operations at its Zwickau, Germany plant and expects daily production to increase from 900 to 1,300. 

🛻 ⛽ GM's CEO says the company sells every truck they can build despite gas prices. The company is investing heavily in electric vehicles with profits from ICE truck and SUV sales.

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