Posternak Blankstein & Lund LLP is now Arent Fox. Read the press release

Coronavirus may disrupt Chinese automobile production

General Motors, Honda, Nissan, Renault, and a number of automotive suppliers have significant operations in Wuhan, China, the epicenter of the Coronavirus outbreak.

With their factories shut down until the week of February 3 in observance of the week-long Lunar New Year holiday, the question remains whether they will reopen due to the effects of the virus.  Wuhan is a major national transport hub, and its airport, railway station, and transport services have all been affected as efforts to curtail the spread of the virus continue.  Toyota and Ford, with operations elsewhere in China, have already announced they would delay reopening their plants after the holiday due to virus-related disruptions.  All of this poses serious concerns for Chinese automobile production.  Despite being the world’s largest car market, 2019 sales in China already tumbled 2.3 million units versus the previous year. 

Read more from the New York Times   and from CNN Business 

Contacts

  • Read Time
    1
    Minute

Continue Reading