Weekly Roundups

COVID-19 Stops Automakers Operations

By Alejandro Enríquez | Fri, 03/20/2020 - 14:32

The COVID-19 pandemic has infected the automotive industry. Across the world, automakers have suspended operations for between six days and four weeks. Global governments have asked companies to produce ventilators instead to cope with the lack of medical equipment in most affected countries. 

In Mexico, half of the 12 OEMs in the country have announced a cease in operations in the country. A global cease of car manufacturing, specially in the US, can halt the steady growth of Mexican auto parts companies. Meanwhile, several dealership groups have asked the government for tax relief policies to cope with the economic downturn.

On a more positive notice, USMCA will be enforced on June 1, only after labor panelists are appointed. 

COVID-19’s Effects on Mexico’s Automakers 

Effects on Other Parts of the Value Chain

Global United Front Against the Virus

COVID-19’s Effects on Automakers Worldwide

Alejandro Enríquez Alejandro Enríquez Journalist and Industry Analyst