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Brands Like BMW, Mercedes, And Volkswagen Are Hemorrhaging Money

There’s no denying that the COVID-19 pandemic has thrown a rather massive monkey wrench into the engine that is the auto industry. It’s been so bad that every time we turn around, we hear about another automaker that’s drastically down on sales. Now, a new study from German website Handelsblatt, paints a crystal clear picture of how automakers are weathering the COVID storm, and I can tell you know, it’s not pretty. In fact, some German brands are really taking up the tailpipe.