Coronavirus closes Ferrari and Lamborghini factories

Quotes with delay of at least 15 minutes. Real-time quote through BATS BZX Real-time Price Market Knowledge through Interactive Data (General Conditions) Developed and implemented through Managed Interactive Data Solutions Company Basics through Morningsta Knowledge of Revenue Estimation through Zacks Knowledge of Mutual Funds and ETFs through Lipper.Economic knowledge through Econoday.Dow Jones Terms and Conditions

These curtains may not be published, disseminated, rewritten, or redistributed.© 2020 FOX News Network, LLC. All rights reserved. Frequently Asked Questions: Updated Privacy Policy

Gary Gastelu, editor-in-chief of FoxNews.com, explains how dealers may be affected by the postponement of the New York Motor Show.

Fiat Chrysler and car manufacturer Peugeot PSA Group are shutting down almost all car production in Europe, while Volkswagen has closed factories in Italy and Spain, as global brands learn of the spread of the new coronavirus and origin lines begin to fail.

Continue down

U.S. factories have not been able to do so. But it’s not the first time They remain largely open, some say this could be replaced if the shortage of portions becomes critical or public aptitude rules replace.Factories are beginning to suffer as chain-of-origin disorders of products manufactured in China and Europe continue to grow.The Federal Reserve Bank of New York announced Monday the biggest drop ever recorded for a state-round production index.

GET FOX BUSINESS ON THE ROAD BY CLICKING HERE

Meanwhile, some of Italy’s largest corporations, at the front line of the epidemic, are reconsidering their meeting lines and other production processes to remain open.Similar re-evaluations are underway in the United States, while the epidemic is also spreading there.

EssilorLuxottica, the French-Italian maker of glasses from brands such as Ray-Ban and Oakley, said over the weekend that it was shutting down its factories in northern Italy for several days to put in place new employee coverage measures negotiated with unions. . adopt in part Italian government regulations to minimize staff and area staff at greater distances from each other at production sites and on assembly lines.

Factory workers will also have to wear masks and take the temperature at the front of the plant, among other measures, the company said.

In the United States, industry executives and analysts are also beginning to think about how to adjust production schedules and experiment with changes. In Chatanooga, Tennessee, Volkswagen closed its plant on Monday to allow arrangements for closed schools.

“We will also take the time to strengthen the already strengthened and deep-cleaning health measures that were taken at our facilities,” said one spokesman.Production will resume on Tuesday.

GOVERNMENTS HIRE CORONAVIRUS TO HELP BUSINESSES FIGHT

Ford Motor Co.announced on Monday that it would close more than 3 days throughout the week at its plant in Valencia, Spain, and then rethought the stage before resuming production.24 hours. One of those who was affected was a user who did not enter the factory.

“We act quickly to stick to the established protocol, adding to the identity and self-idation of all personnel who have had close contact with the staff involved.We will take all other appropriate measures to minimize the dangers associated with this scenario,” Ford said.He told me.

The United Auto Workers union and detroit’s 3 automakers, Fiat Chrysler, Ford Motor, and General Motors Co., said Sunday that they were setting up a working group to adopt new procedures at their U.S. factories to increase the number of workers.These come with tighter visitor filtering, more measures of social estating and greater cleanliness of non-unusual areas.

“This is a smooth and unprecedented situation, and the working group will act temporarily to take advantage of the powerful preventive measures we have implemented,” UAW and automakers said in a joint statement.

Fiat Chrysler said last week that it would also distribute workers on the workstations of its Italian plants, a move that he said would reduce production rates.On Monday morning, it took the highest radical resolution to close up all production in Europe for two weeks.

The automaker said it will close six Italian factories that group Fiat, Jeep, Maserati and Alfa Romeo vehicles.The company will also close one factory in Poland and another in Serbia that Fiat manufactures.The company, which has about 65,000 employees in Europe, did.say how many staff members would remain in the house because of the closures.

NORDSTROM WILL CLOSE ALL STORES TO STOP THE SPREAD OF CORONAVIRUS

Like all corporations in Italy and many other parts of Europe, Fiat Chrysler already employs most of its staff from home.Factory staff who are forced to take time off to paint due to closures will get most of their wages through a government-funded suffering program.Companies.

Last month, Fiat Chrysler temporarily stopped production at its Serbian plant because it may not get portions of China.The plant closures announced on Monday are not similar to the inability to purchase portions, according to a user close to the situation.opening some small factories in Italy that manufacture engines and other portions, because in those factories it is less difficult to make changes to meet the minimum distance requirement.

The closed plants come with one in the south that makes Jeep Renegades that are shipped to North America. Fiat Chrysler imported a total of 98,429 cars from Italy to the United States in 2019, according to the International Trade Administration.

PSA, the car manufacturer Peugeot, said its plants in Madrid, Spain, and Mulhouse in eastern France would close on Monday, while the rest of the automotive plants in Europe would close on Thursday at the latest.Portugal, Slovakia and the United Kingdom, as well as in France and Spain.

Ferrari NV and Lamborghini, the luxury car manufacturer owned by Volkswagen, closed their own factories in Italy this weekend.Ferrari said it was experiencing problems on the line of origin, while Lamborghini’s executive leader said in an end that his plant was “an act of social responsibility..”

Volkswagen, the world’s largest automaker through sales, said Monday that it fit complicated into production at its European plants due to disruptions to suppliers and national governments pointing to emergencies.However, he said that as the stage in Europe darkened, its production base was improving in China, where 31 of its 33 plants are now back online after weeks of closure when the coronavirus pandemic took over the country.

Visitors to the new Ferrari models at the Frankfurt International Motor Show in September 2017.

“As the stage in China stabilizes, it fits more complicated in Europe,” said Volkswagen spokesman Jorn Roggenbuck.”It adapts more and more to the source strings.”

Volkswagen Lamborghini and Bugatti plants in Italy have stopped production.Following the declaration of the state of emergency of the Spanish government, Volkswagen’s plants in Martorell and Navarra closed their doors.Factories produce cars for the SEAT and Volkswagen passenger car brands.

As the coronavirus moves to the US, it is not the only one that has been able to move to the US.U.S., executives and analysts are also making adjustments there; however, radical reshaping of meeting lines is particularly complicated for the US automotive industry.Where redundant capacity is low, said Brian Collie, director of automotive practice at Boston Consulting Group..

“Most automakers have a tendency to manufacture a particular style line in an unwrned line.Most suppliers of a particular vehicle program tend to manufacture this in a single plant,” he said.Does anyone get the coronavirus?

He says that some brands restrict the number of visitors to the sites, adding providers.Paul Sura, vice president of commercial operations at Cypress Semiconductor Corp., which manufactures electronic parts for the industry, said the company restricts factory visits.

“We reject almost all visitors. If consumers need to come and audit us, which is general every week, none of this happens,” he said.”Everything has been postponed for at least two or three months.We don’t leave anyone unless you have to be there to keep this plant running.”

Quotes with delay of at least 15 minutes. Real-time quote through BATS BZX Real-time Price Market Knowledge through Interactive Data (General Conditions) Developed and implemented through Managed Interactive Data Solutions Company Basics through Morningsta Knowledge of Revenue Estimation through Zacks Knowledge of Mutual Funds and ETFs through Lipper.Economic knowledge through Econoday.Dow Jones Terms and Conditions

This curtain must be published, broadcast, rewritten or redistributed. © 2020 FOX News Network, LLC. All rights reserved Frequently Asked Questions – Updated Privacy Policy

Leave a Comment

Your email address will not be published. Required fields are marked *