Answer:
1. Manufacturing shutdowns
The onslaught of the pandemic manifested in the form of massive production halts, given intense social distancing protocols and nationwide lockdowns.
2. Less vehicle sales
Reduced car sales emerged as one of critical challenges facing the automotive industry during COVID-19. According to reliable estimates, pre-pandemic numbers for auto sales in the United States alone was forecast to be between 16-17 million units in 2020.
3. Liquidity
Liquidity was the biggest challenge facing the automotive industry last year. The pandemic regime reemphasized that cash is indeed king.
Explanation:
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