We are all well aware of the terrible health effects that coronavirus is having globally and now we are starting to read and hear of the impacts on business at home and overseas.
Land Rover saw an 85% fall in sales in China last month as the coronavirus kept buyers indoors and most dealerships shut.
The car manufacturer added that the significant spread of coronavirus in South Korea, Japan and Italy would also impact sales in those markets.
Earlier this month, Ralf Speth, JLR’s outgoing chief executive, said that for a period in February 2020, the company made no sales at all in China with the majority of its dealers closed.
The company said staff had been returning to work and its Shanghai plant reopened the week of 24 February. “Production will be ramped up as the number of employees returning to work and demand increases,” it added.
The company also warned that the threat of a parts shortage still remained.
“In the event of specific parts shortages, Jaguar Land Rover would ordinarily be able to still build cars and retrofit missing parts when available,” the company said. “However, we cannot rule out the risk that a shortage of a critical component could impact production at some point.”
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