Bloomberg Opinion columnist
Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal.
Global automakers are slashing production forecasts, which will cost the world hundreds of thousands of cars in the coming months. Yet any worries about this outcome belie the underlying problems of an industry marred by slowing sales and brimming output before the pandemic. In reality, the latest cuts will only help a much-needed (even if painful) rebalancing of the sector.