Europe’s automotive sector has felt the full force of the Covid-19 pandemic as sales have plummeted. Scope Ratings’ sector specialist Werner Stäblein looks at how government support has helped cushion manufacturers from the crisis, including a ramp-up in low-emission vehicle subsidies for customers, just as the industry has to meet tough new environmental regulations by end-2020 and in 2021. He provides his latest analysis of the critical trends for credit quality in the industry.

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