COVID-19 Causes Nearly 1.5 Million Vehicles in Production Losses for European Auto Manufacturers
Factory shutdowns in Europe as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date.
Factory shutdowns in Europe as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 motor vehicles to date, according to new figures published by the European Automobile Manufacturers’ Association (ACEA).
This figure – covering passenger cars, trucks, vans, buses and coaches – is up from 1.2 million units compared to one week ago. The number could continue to climb if shutdowns are prolonged or more plants are closed, according to a release from the association.
The average shutdown duration in the European Union currently stands at 18 working days.
In terms of employment, the jobs of more than one million people working in EU auto manufacturing have been affected by these shutdowns so far. This figure only refers to people directly employed by vehicle manufacturers.
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