CORONAVIRUS: THE WORST FOR OUR INDUSTRY MAY STILL BE YET TO COME
‘UNPRECEDENTED TIMES’ is a phrase we’ve used frequently over the past decade to describe the impact that the credit crunch, Dieselgate, electrification and Brexit have had on the automotive industry. Now you can add another to the list: coronavirus. Late last week, it caused the cancellation of the Geneva motor show, the world’s biggest and most important motor show. Almost all the cars you see over the news pages that follow this one were due to make their public debuts in Switzerland but instead were left with their covers on in empty halls. The impact of coronavirus on the automotive industry runs much deeper than the cancellation of Geneva (p31). The travel restrictions and quarantining of huge numbers of people are already affecting factories worldwide that rely on China for key parts.…