Startup Pakistan: Global production of automobiles tumbled by 16% last year to a level last seen in 2010 as the industry was pummelled by the coronavirus pandemic, an international carmaker association said on Thursday.
With a drop to less than 78 million units sold, the auto sector faced “its worst crisis ever,” said International Organisation of Motor Vehicle Manufacturers (OICA) President Fu Bingfeng in a statement.
A breakdown of the organization’s data showed that in Europe, the drop in output was 21%, while in North America it fell by 20% and in South America by 30%.
Courtesy: dawn
