1 million fewer cars – coronavirus’s impact on automotive production
The coronavirus clearly presents a human tragedy, but it is also affecting international economies and manufacturing in particular. Following our coverage of the impact on the tyre business, various market analysts have been assessing the impact on the automotive industry.
The short story is that internal OE demand is likely to be much harder hit than external exports. According to NBC, China could suffer the loss of 1 million vehicles worth of production due to the suspension of production for at least an extra week in the so-called “motor city” of Wuhan, which is located at the epicentre of the coronavirus outbreak and has a population of 11 million people.