Carmakers Worry About Sales Collapse Due to Coronavirus
Vehicle manufacturers say they haven’t yet had to close factories in Europe. But a decline in global sales is likely to be worse than expected.
European auto manufacturers have so far defied expectations that supply chain chaos would bring their assembly lines to a standstill. Even after northern Italy, an important node in the global parts network, went into lockdown, carmakers like BMW, Daimler, Fiat, Peugeot and Volkswagen said that production was normal.
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