Experts estimate that carmakers could lose more than $ 100 billion in revenue if they are unable to resume production at their plants in Europe and North America shut down by the end of April due to the new corona virus epidemic.
Ian Henry, owner of the UK center for AutoAnalysis industry analysis and forecasting, told the Financial Times that they calculated that European manufacturers could lose $ 66 billion due to the loss of 2.6 million cars and North Americans could lose 2 million cars, or $ 52 billion. dollars could fall by the end of April.
This estimate is based on production forecasts to date for 2020, including the launch of new models and expected demand developments.
All major European and North American automakers suspended production during March to protect workers ’health and a drop in demand. And a number of companies have postponed the resumption of production, which had previously been planned for late March, early April. Japan's Nissan and U.S. manufacturers Ford and General Motors have said only that their plants will remain closed indefinitely.