Kemp noted that China’s vehicle output plunged -13% in 1H19 and Germany hit levels not seen since 2009. As we have detailed before, India’s auto production has gone bust, down -11% YoY from April to July. This has led to hundreds of thousands of job losses in that period.
https://www.zerohedge.com/news/2019-08-15/auto-bust-heart-global-downturn-hits-oil-demand
