The coronavirus crisis is still weighing on demand for vehicles a month after production resumed in China, according to the chief executive of Nissan parts supplier Yorozu, as the industry braces itself for a slow and painful recovery.
Following weeks of factory closures in China from early February, the automotive industry is now grappling with shutdowns in Europe, the US and other parts of Asia.
While supply chain disruptions and parts shortages are an issue, the bigger challenge is the lack of consumer demand, even as the pandemic increases the appeal of using privately owned cars over public transport.
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