EAST ASIAN AUTO-MAKING HUBS FEEL PAIN FROM COVID-19 PANDEMIC, DESPITE VARIED GOVERNMENT ASSISTANCE
May 2nd, 2020
EAST Asia’s auto-making hubs may have been making a better fist of dealing with the Covid-19 crisis than manufacturing centres in Europe and north America, but the pandemic has been harming the industry in the region.
Government responses have varied, however, with no major scrappage packages being announced. In Japan, despite a sharp fall in exports, plants operating on reduced hours and domestic sales slumping, Japan’s car manufacturers have effectively been thrown back on their own resources to get through the health crisis. Its government had previously ...
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