Image credits: Toyota Motor Sales USA
Weekly Roundups

COVID-19’s Impact on Auto Industry

By Alejandro Enríquez | Fri, 03/13/2020 - 12:29

COVID-19 has raised concern among car manufacturers in the country after the virus forced auto part manufacturers to cease operations in some Chinese regions. Mexican manufacturers have said they have enough stock to endure until the end of March. Past this point, production might be compromised. Manufacturers throughout the world have asked their governments for extraordinary measures. In the US, the National Association of Manufacturers asked for tariffs to be suspended. Meanwhile, China suffered a 79 downfall in car sales and is asking the government for financial strategies to cope with this.

COVID-19, however, has not stopped the electric revolution. Tesla surpassed Boeing in market capitalization, while Porsche continues developing a high-speed charging network in Europe. In addition, Volkswagen said it is exploring new business units in energy storage.

Ready to hit the road? Here is your weekly news roundup!

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COVID-19’s Effects in the Mexican Automotive Industry

The Global Impact of COVID-19

The Electric Revolution Continues

The data used in this article was sourced from:  
El Economista, El Financiero and Reuters
Alejandro Enríquez Alejandro Enríquez Journalist and Industry Analyst