23
Jul
09:24
Spanish automotive industry reduces 2020 production target
The Covid-19 outbreak has deeply impacted Spain’s automotive sector performance. The industry is adjusting to “…the new normal” and has reduced its annual production target, says carmakers’ association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac).
Output is seen falling by 600,000-700,000 units on-year in 2020, or between -20% and -25%. The outlook, however, will depend on the evolution of the pa…
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