The virus retreats? Automakers resume production

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The virus retreats? Automakers resume production

Several world’s leading automakers re-open factories in Europe after a month break, writes the Financial Times.

Toyota, Renault, Hyundai, Volkswagen and Volvo are among those who renewed or is preparing to resume production at the facilities closed last month. Meanwhile, other automakers, including Jaguar Land Rover, has delayed plans to launch its factories.

The Hungarian Audi plant resumed the work of one of the production lines, which serve in one shift. The launch of the second line is scheduled for this week, reported Bloomberg with reference to the statement by owning the brand Volkswagen.

Hyundai resumed production at its automobile plant in the Czech Republic, though not at full power.

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Volvo Cars plans to reopen its flagship plant in Torslanda, Sweden, next Monday.

The production of Renault in Portugal has already begun, and the French carmaker can open its Romanian factory in the next week. Production in our country the company began to recover April 13.

Recently German Chancellor Angela Merkel will discuss possible steps for the removal of restrictions in the country with the management of Federal lands. These negotiations will affect the timing of recovery of production in the factories of such automobile giants like Daimler and BMW.

Due to limitations associated with the pandemic coronavirus, automakers will face a decline in sales, says Bloomberg analyst Michael Dean. According to him, sales in the European market in 2020 can be reduced by 3 million cars, and the company will lose €60 billion ($66 billion).

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