Car manufacturers temporarily close factories in Europe due to coronavirus
- The car manufacturers have announced one after another the temporary closure of their factories in Europe from March 16, 2020 due to the coronavirus. The duration of the closure of European factories varies according to the manufacturers and it seems that the reopening of the factories would not take place before the end of April. All European factories are affected, whether those of Volkswagen, PSA, Renault, FCA or other manufacturers.
- The volume of production that should have been produced during the last 15 days of March should have reached nearly one million vehicles. If the closings were to continue during the first 15 days of April, it would be close to two million vehicles lost, and almost three million if they were to continue throughout the month of April.
- This quantity will probably not be able to be fully caught up in the following months, due to the production capacities of the factories concerned which are limited and above all because of a demand which will only restart gradually, even if massive aid will probably be put in place. place to speed up the stimulus. The production volume is therefore likely to be cut by almost three million vehicles at the end of the year, representing a drop of around 15% compared to 2019.
- Auto production in China fell by 25% in January 2020 and 80% in February 2020 due to the coronavirus, and has been gradually restarting since mid-March. The balance for the full year could be down from 5% to 10%, the CAAM predicting a decline of about 7%.
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