US CAR PRODUCTION CRIPPLED DUE TO CORONAVIRUS

Highlights:

• China annually exports about $70 billion worth car parts and accessories across the globe, 20% going to the US.
• Lack of parts has shut down production at the US manufacturing plants.
• General Motors could be hit hard financially after the end of the global crisis.

Coronavirus has hit China hard. Chinese provinces have mandated the shutdown of schools, offices....