Europe’s automakers are calling for immediate support from the European Union and member states after suffering a production loss that could render companies short of cash in just weeks.
Industry association ACEA demanded “strong and coordinate action” to aid manufacturers, their suppliers and dealers who all face a “severe” financial hit.
“The effect of the coronavirus on the automobile industry is unprecedented,” ACEA Director General Eric-Mark Huitema said in a statement. “It is becoming increasingly clear that Covid-19 has led to the worst crisis ever to impact the automotive sector.”
