The insights about the situation in the Automotive sector

What is the real situation of the Lithuanian Automotive sector? Why it’s complicated to fulfill orders of clients? What could be a solution?

The annual growth of the Lithuanian Automotive sector is decreasing. This is the worst result of the production during the last 11 months. It is possible that the results of the Lithuanian Automotive components industry could be not very optimistic till the end of 2021.
Representatives from the BACC see one of the solutions – subsidies from the Government of Lithuania which could retain employees and help to survive a quite complicated period for business.
SOURCE and PICTURE: Verslo žinios.