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Coronavirus piles up pressure on Europe's stricken auto sector

2020-03-16    Author:   Source:www.chinadaily.com.cn   Views:1000    

BARCELONA/MILAN-Europe's major car and parts makers rushed on Wednesday to close factories and cut output in Italy and considered sending workers home elsewhere, in the first signs that coronavirus is disrupting the region's struggling automotive industry.


Italy is the worst-affected country in the world after China and the unprecedented lockdown of the country has heaped fresh pressure on the region's ailing car sector.


Europe's carmakers are struggling with weak global demand and high costs of meeting the region's tough emissions targets.


The virus has already taken its toll on business in China, the world's top car market, where vehicle sales tumbled last month as customers stayed home due to the epidemic.


An industry association warned last week that car sales in Italy, Europe's third-largest economy, could shrink by more than 15 percent.


Reuters,Coronavirus, auto Europe, supply chain, Fastener Expo Shanghai, International Fastener Show China

Employees work on a Volkswagen production line in Zwickau, Germany. 

MATTHIAS RIETSCHEL/REUTERS


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