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CORONAVIRUS: Coronavirus is a major wake-up call for U.S. auto industry

  • Date: 29-02-20
  • Category: CORONAVIRUS
  • Source: Auto News

Global automakers and suppliers are scrambling to respond to the massive dislocations in their supply chains caused by the coronavirus that broke out in China.

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CORONAVIRUS: Geneva motor show cancelled after Swiss government bans mass events

  • Date: 28-02-20
  • Category: CORONAVIRUS
  • Source: Auto News

The organizers of the Geneva auto show said the event has been canceled after Swiss government banned gatherings of more than 1,000 people.

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CORONAVIRUS: Wuhan: Who's Been Impacted?

  • Date: 11-02-20
  • Category: CORONAVIRUS
  • Source: EET Asia

The lockdown in Wuhan is affecting a whole host of local high-tech companies. They range from manufacturers of display panels, memory, fiber optics, auto parts to suppliers of components, bio-medicine and medical devices. Here’s who’s who.

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CORONAVIRUS: Chinese automakers produce face masks to fight coronavirus

  • Date: 10-02-20
  • Category: CORONAVIRUS
  • Source: Auto News

China made more than 5 billion face masks last year but there is still a shortage as the number of coronavirus infections increases.

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CORONAVIRUS: Impacts of Coronavirus Containment Effort Ripple Through Global Economy

  • Date: 06-02-20
  • Category: CORONAVIRUS
  • Source: IHS Markit

Coronavirus will have a larger negative effect on the global economy than the SARS outbreak in 2003. At the time of SARS, China was the sixth largest economy, accounting for only 4.2% of world GDP. China is now the world’s second largest economy, accounting for 16.3% of world GDP. Therefore, any slowdown in the Chinese economy sends not ripples but waves across the globe.

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CORONAVIRUS: Fiat Chrysler on brink of closing first European plant due to virus

  • Date: 06-02-20
  • Category: CORONAVIRUS
  • Source: Financial Times

One of Fiat Chrysler’s European facilities is as little as a fortnight away from halting production because of problems sourcing Chinese parts, the company warned, in the first prospective European car plant shutdown resulting from the coronavirus outbreak.

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CORONAVIRUS: VW is automaker most exposed to virus impact, S&P says

  • Date: 05-02-20
  • Category: CORONAVIRUS
  • Source: Bloomberg

Volkswagen Group is the automaker most exposed to the coronavirus outbreak in China, according to Standard & Poors.

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