ITEM 8.01 OTHER EVENTS.
The Company's operations and business have experienced disruptions due to the
unprecedented conditions surrounding the spread of COVID-19 throughout
In reliance on the aforementioned
"Our business operations have been and may continue to be materially and adversely affected by the outbreak of the novel respiratory illness coronavirus ("COVID-19").
On
Any outbreak of such epidemic illness or other adverse public health developments may materially and adversely affect the global economy, our markets and our business.
We cannot foresee whether the outbreak of COVID-19 will be effectively contained, nor can we predict the severity and duration of its impact. If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected as a result of the deteriorating market outlook for automobile sales, the slowdown in regional and national economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot foresee. Any of these factors and other factors beyond our control could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations."
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