For weeks, the news has been about nothing more than a coronavirus epidemic released from the Chinese city of Wuhan. It has already been revealed that a thin mouth mask does not protect against everything and also that its economic effects are getting deeper and deeper. Airlines and tourism also understand, as flights have been canceled and even ocean-going ships have been quarantined.
The economic impact of the coronavirus can also be felt. German fashion brand Hugo Boss is already seeing their sales decline, especially in Asia. In China, car sales are down 92%. German carmakers are mowing $ 170 billion in China, accounting for 35% of their annual profits. That is why it will be really difficult for them to start the year 2020.
Already at home, some people experience panic in buying food. In Switzerland, events of more than 1,000 people were banned, so one of the biggest car events, the Geneva Motor Show, was blown up a few days before the opening.
Volkswagen would have unveiled its first platform specifically designed for electric cars, the ID.3, in Geneva. The model itself is mentioned by the company itself as historically significant, but its career does not start easily. Initially, market launches were delayed due to software problems, and now they have fallen short of the event where the compact electric car would have been made available to the general public.
(Source: vezess.hu / photo: pixabay.com)