The latest issue of the Automotive News Europe monthly magazine is ready to view. The new edition looks at how the European automotive industry is using lessons learned during the Great Recession to battle the coronavirus outbreak.

Xavier Mosquet, a senior partner at Boston Consulting Group, led a team advising President Barack Obama in the wake of the 2008 Lehman Brothers collapse. He spoke with Automotive News Europe about what’s different this time.

Although analysts estimate global sales could drop between 12 percent and 22 percent this year, the industry is much better prepared to meet this challenge than it was in 2008-09.

Automakers have taken steps to crisis proof their businesses since 2008, including having much more cash and available credit on their balance sheets.