UK car factories running out of parts due to coronavirus, warns Jaguar

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Carmaker says it has two weeks’ supply left as Apple cuts billions of dollars off sales forecast and big firms warn of fallout

Jaguar Land Rover has warned it could run out of car parts at its British factories at the end of next week, as the coronavirus halts supplies from China.

Britain’s biggest carmaker added its voice to a chorus of companies counting the cost of the outbreak, as the epidemic weighs heavily on international business and trade.

Related: Apple is the best bellwether for the coronavirus fallout

HSBC said it expected its sizeable Asian operations to take a financial hit in 2020

The world’s largest miner, BHP, said global demand could slow

South Korea proposed emergency steps to protect its economy

Wall’s and Richmond sausages company Kerry Group warned on revenues

The UK accounting watchdog told UK firms to assess the impact of the virus on their business

Energy services group Tekmar slashed its profit forecasts.

What is Covid-19 – the illness that started in Wuhan?

Related: Businesses worldwide count cost of coronavirus outbreak

Related: Fiat warns coronavirus could force closure of European plant

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Source: china
Link : UK car factories running out of parts due to coronavirus, warns Jaguar

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