Daimler AG (Stuttgart, Germany)
Volvo Car Corporation (Gothenburg, Sweden)
Volkswagen AG (Wolfsburg, Germany)
Toyota Motor Corporation (Toyota, Aichi, Japan)
Covid-19 Pandemic has Halted Production of Vehicles; Luxury Car Manufacturers among the Worst-hit Categories
The recent coronavirus outbreak has had a massive impact on several economies across the globe. The efforts taken to curb the spread of the disease have limited the growth of businesses across the world. Due to the rapid spread of the disease, several countries are looking to implement strict measures to control the spread of the disease. The coronavirus outbreak has created hesitancy among people across the world and due to lack f labor and workforce, production units across all major industrial sectors have come to a halt. The automobile industry is among the worst-hit sectors across the world. With people now becoming hesitant to spend on luxury products, the market will witness a negative impact from the Covid-19