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  • Mon. May 20th, 2024

Carmakers close Chinese factories because of coronavirus

Carmakers close Chinese factories because of coronavirus

(Reuters) – Automakers and parts suppliers have shut factories in China, in line with government guidelines, or have flagged a hit to profits following the coronavirus outbreak.

FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo

Below is a list of announcements by car companies, in alphabetical order.

– BMW (BMWG.DE) said production at its plant in Shenyang will resume on Feb. 17.

– Daimler (DAIGn.DE) said it plans to resume passenger car production in Beijing on Feb. 10.

– Fiat Chrysler (FCHA.MI) warned on Thursday that disruption to parts supplies could threaten production at one of its European plants within two to four weeks.

– Ford Motor (F.N) plans to resume production on Feb. 10 at its factories in Chongqing and Hangzhou with joint venture partner Chongqing Changan Automobile (000625.SZ). Ford this week excluded any potential impact from its already weaker-than-expected forecast for the year, saying it was too early to make an estimate.

– Honda (7267.T) confirmed on Friday it would restart its three plants in Wuhan, which it operates with Dongfeng Motor Group (0489.HK), on Feb. 13. Honda, which raised its annual profit foreca

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