The effect of the pandemic on society and the global economy is unprecedented, with grave consequences for the automobile industry. The first stats for the EU have come in
06 Apr 2020 | 6861 Views | By Autocar Pro News Desk
The all-pervasive impact of the coronavirus / COVID-19 crisis on the automotive industry worldwide is set to have a ripple effect across OEMs and the automotive supply chain. The effect of the pandemic on society and the global economy is unprecedented, with grave consequences for the automobile industry.
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The all-pervasive impact of the coronavirus / COVID-19 crisis on the automotive industry worldwide is set to have a ripple effect across OEMs and the automotive supply chain. The effect of the pandemic on society and the global economy is unprecedented, with grave consequences for the automobile industry.
Most of the members of the European Automobile Manufacturers’ Association (ACEA) have already announced temporary closures of plants due to collapsing demand, supply shortages, and government measures, and are facing cases of corona infections and quarantines among their employees.
A few days ago, ACEA which represents the 16 major Europe-based car, van, truck and bus manufacturers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Fiat Chrysler Automobiles, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, PSA Group, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group, released an interactive map that shows the impact of the coronavirus / COVID-19 crisis on the production of motor vehicles for each of the 27 EU member states plus the United Kingdom.
Production impact, by country
EU-wide production losses due to factory shutdowns amount to at least 1,231,038 motor vehicles so far. This figure includes passenger cars, trucks, vans, buses and coaches. The average shutdown duration is 16 working days as of March 30.
The data is aggregated by ACEA and updated on a weekly basis using multiple sources, including IHS Markit, MarkLines, national automobile manufacturers' associations and (public) announcements by manufacturers. ACEA says while this overview is non-exhaustive, it serves as a tool to show the EU-wide impact of the crisis.
Also read: EU auto industry faces crisis, 14 million jobs at stake
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