Russia’s invasion of Ukraine could have worse implications for the automotive industry and Europe's economy than the pandemic, Volkswagen Group boss Herbert Diess has said.
Diess told the Financial Times that the interruptions to supply chains “could lead to huge price increases” and “scarcity of energy and inflation”, with the potential for a “very much worse” situation.
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Do you really think so?!, usually after a War there a down turn in the World economy, this one is self inflicted,it's come at the wrong time as we are suffering from the Pandemic,Brexit in the UK and Europe and still just a the tail end of the Bank crisis a few years ago, so this War is only compounding the problems around the World.