Jim Meyer, CEO of Audio entertainment giant SiriusXM, the home of Howard Stern, on Tuesday said the coronavirus outbreak had yet to dramatically impact the auto supply chain on which his company depends for new satellite radio subscriptions. "Obviously with the backdrop of the coronavirus, it's unchartered waters for everyone," Meyer told the Deutsche Bank Annual Media, Internet & Telecom Conference, which was set to take place in Palm Beach, Florida, but was changed to a virtual event amid virus outbreak fears.
The coronavirus crisis has auto analysts worrying about reduced sales for new cars and a shortage of car parts on production lines. "At this point, the supply chain is holding together remarkably well, as we speak.
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