Chinese Car Factories Idled by Virus Raise Risks to Global Growth

Chinese car and car-parts factories may stay closed longer than expected because of the coronavirus, increasing the chances that assembly lines in Asia, Europe and the United States could grind to a halt because of shortages of components, the International New York Times reported. The hit to the auto industry, which employs eight million people worldwide, comes as output from the world’s factories is already sagging. It is likely to amplify the already alarming human and economic cost of the outbreak. Many automakers had planned to reopen their Chinese factories on Monday, which was already a week later than planned following the traditional Lunar New Year holiday. But several companies including BMW, PSA and Toyota have delayed restarting their assembly lines another week and others appear likely to. Read more