CRISES IN THE AUTOMOTIVE INDUSTRY

Vlad Cârstea ()
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Vlad Cârstea: Romanian American University in Bucharest

Romanian Economic Business Review, 2023, vol. 18, issue 1, 34-40

Abstract: The COVID-19 pandemic and the war in Ukraine have changed the global automotive industry in an unprecedented way. The pandemic with its lockdown measures meant that the manufacturers also had to close their production facilities for days on end and when they did reopen, there were a lot of precautionary measures that had to be taken. On the other hand, the war in Ukraine and the imposed economic sanctions on Russia, violently affected the supply chain as, a large quantity of raw materials was sourced from these economies. The result is unheard delays in delivering automobiles for the customers and an upward trend in prices, both for new and used cars.

Keywords: Ukrainian war; semi-conductors; COVID-19; automotive industry (search for similar items in EconPapers)
Date: 2023
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