Carmakers in Europe to soon reopen their factories

In March, sale of personal cars dropped interannualy in more than 50%

Mostly because carmakers had to close down their factories due to coronavirus. They are now getting ready to reopen their plants.

Starting on 20th April, Swedish carmaker Volvo reopens its plant after 3-week outbreak. Yet, the factory will restart production on a limited basis. Volvo’s U.S. plant based in South Carolina will probably reopen only on 11th May.

“We have implemented new health and hygiene measures. Workers will work with gloves and face masks in areas where there are too many people. The production will depend on market demand, but we are ready to produce at full speed,” Hakan Samuelsson, VOLVO Chief Executive told Reuters.

A week later, Spanish carmaker SEAT will reopen its plant, following a six week shutdown. Workers will return gradually, so that the factory can implement all necessary health and safety measures to protect their workers. “We need to ensure distance between workers and we will clean and disinfect production lines more,” a SEAT spokesman said. More car producers will restart their plants soon.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Bitcoin Infinity Day Study by crypto4me: Bitcoin Is Now Twice as Scarce as Gold

A new crypto4me study points that Bitcoin’s stock-to-flow ratio...

Walmart’s Quarterly Profit Falls, US Growth Lags Behind Expectations

American retail company Walmart saw its net profit drop...

CoinGate vs Bitget Wallet Review 2026: Fees, Crypto Payments and Which Service Makes More Sense

Cryptocurrency payments are gradually moving from a niche blockchain...

Xiaomi’s quarterly profit falls due to rising memory chip costs

Chinese technology company Xiaomi's net profit fell by one-fifth...

US Stocks Decline Following Trump’s Remarks on Not Extending Iran Deal

U.S. stocks weakened today. This happened after President Donald...

The price of gold continues to rise, up 11 percent from this year’s low

The price of gold continues to rise, building on...
spot_img

spot_imgspot_img