Day: June 29, 2020

25 Ways the Coronavirus Has Upended the Auto Industry Across the Globe

As soon as news broke that life would be put on pause to battle the novel coronavirus, nearly every industry was affected. The automotive market in particular — both on the production and purchasing sides — had to alter its mode of operations almost entirely.

Now, with plants and auto dealerships reopening, the world is witnessing the future of the car production and purchasing process. Discover the ways in which the industry has and continues to change.

Last updated: June 24, 2020

Car Sales Will Decrease Globally

Globally, the auto sector already experienced a downturn in 2019 — and the coronavirus has only made it that much more difficult for the industry to recover. According IHS Markit, it is estimated that global automobile sales will decline by about 22% overall this year.

Initially, the disruption in supply and manufacturing hindered the industry significantly. Now, the decline in demand has led

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In Fine Print, Airlines Make It Harder to Fight for Passenger Rights

As air travel reopens and flight bookings begin to creep up, AvGeeks — aviation geeks — and others may notice some new legalese in the fine print when they buy plane tickets.

More and more carriers are adding clauses that require passengers to settle disputes with the airline in private arbitration, rather than in court, and bar passengers from starting or joining class-action lawsuits.

In early April, American Airlines updated its contract of carriage, a standard industry document that outlines the legal responsibilities of a ticket holder and an airline, with a class-action waiver. British Airways followed in late May, adding a class-action waiver and binding arbitration agreement in the terms and conditions of Executive Club, its loyalty program, for residents of the United States and Canada. British Airways notified members by email.

“What the airline is saying is: If you ever have a dispute with us, the only way

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