The coronavirus in China is influencing the auto industry here in the US.
Auto Analyst Jeff Gilbert says that China is the biggest auto market in the world, and the coronavirus has essentially closed down around 80 percent of that business. What’s more, that is bad for U.S. automakers.
“That’s a big deal for General Motors players in China and also a big deal for Ford and Fiat Chrysler because they want to be big players in China,” said Gilbert, WWJ 950.
The World Health Organization expresses that more than 2,600 individuals have died and more than 77,000 have been influenced by the coronavirus, generally in China – which influenced auto organization suppliers too.
“Several suppliers were closed for a long time in China -so they’ve had trouble re-opening which has caused assembly plants in Asia to shut down and a couple of ones in Europe,” Gilbert said.
Gilbert says those parts suppliers have not been an issue so far in the United States.
“Those parts are literally on a slow boat from China so it’s going to take a while before we feel the impact if we do,” he said.
Furthermore, that head start that US auto creators have on account of the coronavirus?
“They know how to deal with supplier disruptions,” Gilbert said. “They are working with a big one right now. It hasn’t impacted us yet; we don’t know if it will.”
FOX 2: “Are you seeing American car companies like GM, Ford, Chrysler going to other markets because of the coronavirus?
“No, at this point everyone considers this a short term thing,” he said. “It’s a big deal, but it’s a short term deal at this point.”
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