There has been at least one positive from the pandemic: It has forced automakers to increase their financial discipline. Being more conscious about working capital has boosted the operating margin at many vehicle manufactures, said Bank of America's head of European automotive research, Horst Schneider. He discussed this and explained why he doesn't expect plug-in hybrids to survive in the long term during an interview with Automotive News Europe Correspondent Christiaan Hetzner.