We analyzed the earnings transcripts of some of the largest Tier 1 auto suppliers to see how the pandemic is impacting their long-term outlook for connectivity, electrification, and autonomy.
The Covid-19 pandemic has disrupted the auto industry, driving a sharp drop-off in sales and ultimately pressuring the bottom lines of companies across the value chain.
As a result, concerns are mounting around the future of connectivity, electrification, and autonomy technologies — all of which carry high R&D costs. This poses a dilemma for Tier 1 suppliers, as putting R&D on pause could put them at risk of falling behind.
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