As the COVID-19 crisis rages, public life in many countries is grinding to a halt. The human toll is enormous, with the patient caseload and deaths increasing exponentially worldwide. On the economic side, the coronavirus has forced many businesses to cease or slow down operations. Automotive OEMs and players within the mobility industry are among the hardest hit. Over the long term, COVID-19 could have a lasting impact on mobility as it drives change in the macroeconomic environment, regulatory trends, technology, and consumer behaviors. The trends may vary by region, however, so responses and outcomes for mobility players will differ by location.
The article is available on the Automotive and Assembly section of the McKinsey website and by clicking the link below: