Data to 29 February confirmed the influence of COVID-19 had yet to hit the European automotive market. A tally of 1,063,264 items was registered last month, compared to 1,143,852 in February 2019, a fall of 7{0995643d07225b844baadbc1e6b0d2b8ea73bc2bd98af3cca8b20a61a6b88544} yr on year and the bottom variety of February registrations since 2015 .
An emergency government economic assist package deal and a Federal Reserve liquidity injection to the banking sector are anticipated to raise sentiment on Wall Street and take share prices slightly higher, with automotive stocks also rising with the tide. It’s a sign of the instances and follows the cancellation – for the primary time since it took a break of the 90th Geneva Motor Show earlier in the month. Britain has asked producers, including automakers Ford and Honda plus aircraft jet engine maker Rolls Royce, to help make health equipment together with ventilators to deal with the coronavirus outbreak. It has also asked British construction gear maker JCB if it might transfer a few of its abilities to ventilator manufacturing as the coronavirus pandemic increasingly concentrates European governments’ minds.
Aston Martin has quickly suspended all manufacturing at its UK plants in line with the latest UK authorities directions on the fight …