Feb 6, 2020
Fiat warns of coronavirus risk to Europe car plant
Fiat Chrysler says the impact of the coronavirus epidemic could halt production at one of its European car plants within four weeks. Car firms are on alert over possible disruption to Chinese factories and suppliers, but Fiat's warning is the first to highlight an impact in Europe. The virus emerged in Wuhan, home to many major car firms and suppliers. Fiat's chief executive, Mike Manley, told the Financial Times there was one "Critical" supplier of parts that was putting European production at risk. Fiat Chrysler operates in China through a loss-making joint venture with Guangzhou Automobile Group and has a 0.35% share of the Chinese passenger car market.
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