The automotive industry is showing signs of life

The automotive industry is showing signs of life

Some world-renowned carmakers plan to re-open Europe-based factories. As the lockdown measures ease, the production will start at full capacity.

We spoke before about the closings of some factories in Europe and the US due to the pandemic. In Europe, the auto sector employs more than 14 million people. Since mid-March, factories of BMW, Toyota, and Volkswagen have been closed in Spain, France, Italy, Portugal, and many other countries.

But as the pandemic slows down, carmakers decided to start re-opening factories across Europe. Factories won't work at full capacity just now; they predict that until summer, they will do so.

Toyota, the second-largest carmaker in the world, is said to start its activity on April 22 in France. The plant in Poland will start-off beginning April 23.

Volkswagen already started this Tuesday by opening the plant, based in Hungary.

Hyundai re-opened the factory in the Czech Republic, but as said before, not at full capacity. Meanwhile, Volvo will open the Sweden plant next week, on April 20.

The French Renault began its Portuguese output, and the Romanian site will open next week.

Ferrari didn't specify the date when the factory will be functional, but it said that it is taking into account the opening of the Maranello facility. The sport-car giant will test all employees for the COVID-19 and will provide healthcare and accommodation for those in need.


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Sources: ft.com, linkedin.com

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