MILAN -- Premium brakes maker Brembo stated on Friday it could quickly shut its 4 Italian crops subsequent week, an additional signal that the coronavirus outbreak threatens to disrupt Europe's struggling automotive trade.

Brembo provides premium manufacturers similar to Ferrari, Tesla, BMW and Mercedes, in addition to a number of Components 1 groups.

Brembo's crops are all positioned within the provinces of Bergamo and Brescia within the northern Lombardy area, which is the epicenter of the coronavirus outbreak in Italy.

The crops shall be closed from Monday to Sunday subsequent week to accentuate measures to safeguard employees' well being and security, given "the evolution of the COVID-19 pandemic and the ensuing goal lack of ability to function with continuity," the corporate stated in a press release.

The Italian authorities has taken extraordinary measures to attempt to comprise the virus outbreak within the nation, the worst in Europe, together with restrictions on journey and shutting eating places and most outlets.

Manufacturing crops have...