Ford Europe Suspends Production, Citing The Coronavirus.
“we are temporarily halting production at our main continental Europe manufacturing sites”
Ford Europe said it is temporarily suspending vehicle and engine production at its manufacturing sites in continental Europe, in response to the growing impact of the coronavirus.
Effective March 19, it is expected that this action will continue for a number of weeks, Ford Europe said in statement.
The World Health Organization has designated Europe as the new epicentre of the coronavirus epidemic with the number of reported cases growing significantly in recent days and expected to continue to rise rapidly.
Volkswagen, Europe’s biggest auto manufacturer, announced earlier Tuesday it was suspending production in Europe. Renault, Groupe PSA and Fiat Chrysler Automobiles have already announced similar suspensions.
“While the impact of coronavirus at our facilities so far has been limited thankfully, its effects on our employees, dealers, suppliers and customers, as well as European society as a whole, is unprecedented,” said Stuart Rowley, president, Ford of Europe.
“Due to the dramatic impact this ongoing crisis is having on the European market and the supplier industry – together with the recent actions by countries to restrict all but essential travel and personal contact – we are temporarily halting production at our main continental Europe manufacturing sites,” Rowley said.
Ford Europe cut its losses in 2019 to $47 million, down from a $398 million loss a year earlier.
In 2019, Ford Europe’s market share in Western Europe slipped to 6.2% from 6.4% the previous year while sales dipped 1.9% to 888,700. In the first month of 2020, Ford Europe’s market share slid to 5.8% from 6.5% in the same month last year on sales 17.7% lower at just under 60,000.