Spain’s car industry risks isolation in post-virus reshuffle [MSN Money]
Ford Motor Company (F)
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Source: MSN Money
(Bloomberg) -- The disruption caused by the fallout from coronavirus outbreak is the last thing Spain’s car industry needs.© GettyAlready under prsure from the shift to electric vehicl, the pandemic risks raising uncomfortable qutions for Europe’s second-largt auto producer. As auto boss plot their course for the years ahead -- with ls money to spread around -- Spain could come up short.Load ErrorThe country is more precarious than its contintal peers. Unlike other big European car producers, the country lacks a national champion. The clost thing is the SEAT brand, an unprofitable relic of the Franco dictatorship that’s long be a problem child for owner Volkswag AG.Struggling with Europe’s most-extsive outbreak of the pandemic, Spain could be on the short d of structural chang spurred by the advt of electric cars, which require skills that the Mediterranean nation struggl to provide.“We can’t afford a shift like this to be disruptive for Spain,” said Jose Lopez-Tafall, geral director
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Sec Filings
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