Because the coronavirus spreads throughout the globe, shuttered auto vegetation in Europe, North America and Latin America might cut back world manufacturing this yr by greater than 1.four million automobiles, in keeping with new analysis from IHS Markit . 

Auto vegetation throughout the globe have introduced plans to quickly droop manufacturing so as to sanitize services and stop the unfold of COVID-19. The hiatus, which might final for practically three weeks in some circumstances, would create an instantaneous money crunch to automakers via misplaced automobile manufacturing. 

In Europe, the place meeting operations have shut down for a median of 13 working days, the non permanent closures will minimize manufacturing by greater than 880,000 automobiles, in keeping with world data supplier IHS Markit. The shutdowns in North America, which IHS Markit estimates will value a median of six full days of...