How has COVID reshaped the US industry outlook?

The novel coronavirus (COVID-19) pandemic has dominated automotive industry decision making and performance for the past six months as players across the value chain scramble to adjust to a rapidly changing environment. Much of the US industry came to an abrupt standstill in March, suspending production operations in response to stay-at-home orders, health concerns or supply chain disruptions. Business has slowly been gaining lost ground as social distancing replaces full lockdown, but just how long will it take to return to pre-pandemic levels of activity?