Feb 10, 2020

Coronavirus: Much of 'the world's factory' still shut

A large number of China's factories remain closed today even as millions of people to return to work after the Lunar New Year holiday was extended due to the coronavirus. Foxconn, which is a major supplier to Apple, has yet to reopen its largest Chinese factory. At the same time French car parts maker Valeo will keep its three sites in Wuhan shut until at least 13 February. With many car parts manufacturers remaining closed in China, the virus is likely to hit the global motor industry particularly hard. Last week South Korea's Hyundai became the first major car maker to halt production outside China because of a shortage of parts caused by the coronavirus.

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