European automotive sector plans recovery

  • Friday, May 8, 2020
  • Source:ferro-alloys.com

  • Keywords:European automotive sector
[Fellow]The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased.

[Ferro-Alloys.com]  

The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased, following closures amid the pandemic and new car sales all but vanishing in April.
 
EU-wide production losses since mid March, as a result of automotive factory shutdowns, have reached 2.3mn vehicles, according to the European Automobile Manufacturers' Association (ACEA).
 
New car sales have also fallen drastically. The UK automotive market in April experienced its worst ever month as the pandemic closed showrooms and dealerships across the country, causing new car sales to fall by 97.3pc on the year. New car sales in France fell by 88.8pc on the year in April and the Italian market fell by 97.5pc from last year.

Source: Argus Media

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