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Many European car companies have stopped production. Is your company affected?

wallpapers News 2020-03-17

According to Reuters, in response to the new crown pneumonia epidemic and the sharp decline in market demand for car purchases, European car companies such as Fiat Chrysler, Renault, Peugeot Citroen announced that they would temporarily close most European European plants until March 27.

Fiat Chrysler announced on March 16 that due to the new coronavirus pneumonia epidemic, the factory could not operate normally. Most of the company's plants in Europe will stop production until March 27. Besides, its luxury brand Maserati factory will also cease production for two weeks. The closed plants include Fiat Chrysler's factories in Melfi, Italy, and other Serbian and Polish factories. On the same day, Peugeot Citroen also announced the closure of its European plant until March 27. Renault announced the suspension of production at its plant in France, the closure of 12 production bases, and the request for 18,000 workers to return home, with no specific date to resume production. Renault also said that whether the company's production activities in other European countries can continue depends on the situation in that country. Ford also announced on Sunday that its plant in Valencia, Spain, will be closed this week as some workers contract new crown pneumonia, and the date of resumption of production will be reassessed after negotiations with the union. As multiple countries have announced the closure of non-essential service establishments, including car dealerships, and people are forced to isolate their homes, analysts predict that car sales will decline sharply in March. Global car sales this year will fall 3% year-on-year. At the same time, the construction industry will also be affected. Foamed concrete in the building materials market is a relatively popular material in recent years. It is predicted that the amount of foamed concrete in March-April will be reduced by more than 10%, which will have an impact on the entire building materials market.