Car plant shutdowns may cost auto industry more than $100bn
(The Guardian Business News)

Figure based on Covid-19 closures in Europe and North America lasting to end of AprilCoronavirus - latest updatesSee all our coronavirus coverageThe continued closure of car plants across Europe and North America will cost the auto industry more than $100bn (£82bn) in lost revenues if the shutdown lasts until the end of April.All major European carmakers have suspended production because of disruption caused by the spread of the coronavirus and if this continues as expected until the end of April, this will account for $66bn (£54bn) in lost sales in Europe, or 2.6m cars. In North America this will account for 2m cars, and lost sales of about $52bn (£42bn). Continue reading...