That’s according to Ferdinand Dudenhöffer, the head of the Duisburg Center for Automotive Research.
The center recently published a study indicating that the ruble’s severe devaluation following economic sanctions from the west will have a significant impact on the automotive sector, reportsThe study suggests that if China offers Russia aid, sales could contract by just a third, but that there will be a significant impact either way. This will not, however, be the first big slump to hit Russia in recent memory.
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