News Formal

Coronavirus Taking Its Toll On The Auto Industry–And It May Get Worse

  • 📰 Forbes
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The ongoing coronavirus outbreak in China is playing havoc with automotive production and the worst may be yet to come

This photo taken on November 27, 2019 shows employees working on an assembly line at the third autoAFP via Getty Images

Production in China was already curtailed by the traditional 15-day Chinese New Year holiday period that started Jan. 25 and was scheduled to end Feb. 8. Once the coronavirus took hold, the holiday was extended by 10 days in order to minimize further spread when workers would return to their jobs. reports 425 deaths in China from the virus and one in the Philippines as of Tuesday.

“Imagine those numbers when everyone would be there working,” said Köse in a phone interview. “In China, people work, they live 24/7 in same compound, share rooms with 8 people, so there is no way to get away from it.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Manufacturing should be moved back

maybe this will make the Chinese govt shut down those disgusting markets

After the plague ended in 2003, Chinese cars increased by 100% year-on-year.These are temporary，Just like in tourism, there will be retaliatory growth.

Stop with the fud, plz. Don't cry, everything's gonna be alright! 👍

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 394. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Exposed: The Coronavirus Crisis and the Fashion IndustryThe coronavirus crisis represents an entirely implacable threat to China’s lucrative segment of the global luxury market. It's obvious Coronavirus will affect Businesses badly. Oh boo hoo......🇬🇧🇬🇧🇬🇧🇬🇧
Källa: VogueRunway - 🏆 705. / 51 Läs mer »

Royal Caribbean cuts earnings guidance, warns more cruises may be canceled amid coronavirus uncertaintyRoyal Caribbean Cruises warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of the coronavirus outbreak. Floating incubators of bad seas No surprise, and this is just the beginning. Then the fear sets in. And most ships will sit idle
Källa: CNBC - 🏆 12. / 72 Läs mer »