Incredible Decline in Automotive Production in Europe

Incredible Decline in Automotive Production in Europe

Change Europe's year-end automotive production forecasts as well. In the report of IHS Markit, it was shared that the European automotive production could be 600 thousand below the year-end expectations. While the coronavirus epidemic is spreading rapidly all over the world, automotive manufacturers are making decisions to stop their factories in a row. Taking the first step in this regard, Fiat Chrysler Automotive (FCA) reported that it had paused all production in Europe for 2 weeks apart from the Tofaş factory in Bursa the previous day. Following the step taken by the FCA, the US manufacturer Ford announced that it has stopped production since Sunday, when an employee is seen in his factory in Valencia, Spain. Japanese manufacturer Nissan announced that it closed its factory in Barcelona, ​​Spain for one week, and Nissan's alliance partner Renault closed yesterday for 2 weeks. In addition to all this, Renault announced that it has temporarily closed its homeland factories in France, with an important statement made today. With the final decision to close, 18 thousand employees of the company in Europe were sent to their homes. While Renault's German rival Volkswagen interrupts production at its Spain and Slovakia plant, the Spanish manufacturer Seat at Volkswagen has announced that it has stopped production at its 3 plants in the country for 6 weeks. Another French automotive manufacturer PSA, including Opel, Vauxhall, PSA, Citroen, Peugeot, and DS, has announced that it will close a factory in Europe due to the coronavirus epidemic. According to the company statement, all plants in Europe in France, Poland, England, Germany, Spain, and Slovakia will suspend production until March 27.