This was not to last, and right now India manufactures low-priced automobiles for markets throughout the globe. As of 18 March 2013, global brands corresponding to Proton Holdings, PSA Group, Kia, Mazda, Chrysler, Dodge and Geely Holding Group had been shelving plans for India as a outcome of competitiveness of the market, as well as the global economic crisis. As the impacts of the coronavirus spread, automakers look to rein in production as market demand falls off. Fiat Chrysler has introduced right now that it is going to temporarily suspend production throughout the majority of its European manufacturing plants because of the ongoing impact of the COVID-19 emergency. In a press release the corporate stated the momentary suspension shall be in effect by way of March 27. Honda North America announced it will be closing 4 US car plants starting 23 March because of an anticipated decline in market demand related to the coronavirus.
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