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/More than 100 car factories in the world stop production!!!

More than 100 car factories in the world stop production!!!

2020-03-24
When the new crown pneumonia epidemic was raging in China, the production and supply of overseas car companies were once affected due to the shortage of domestic parts. Today, the epidemic of new crown pneumonia spreads all over the world, and it also casts a shadow over the two major automotive industry centers in Europe and North America. According to incomplete statistics, as of March 19, 12 overseas car companies including Daimler, Volkswagen, Fiat Chrysler Group (FCA), Peugeot Citroen Group (PSA), etc. have closed or plan to shut down. More than 100.

At present, the European region is the most affected. More than 90 factories have been closed. Due to the epidemic, the number of registered passenger car markets in the European Union in February 2020 fell by 7.4% year-on-year to 957,052. Worst start since 2013. The shutdown and production will exacerbate this dilemma.

At the same time, the impact of North America is gradually emerging, and the three major US giants are planning to shut down North American factories including the United States, Canada, and Mexico. According to CNBC reports, data from RBC Capital Markets show that the ripple effect of the new coronavirus pneumonia epidemic on consumer demand may lead to a 16% decline in global car production in 2020, while US car sales are expected to decline by 20%.

A global epidemic is challenging the already depressed global automotive industry.
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