Ssangyong Motor Company doesn’t qualify for monetary support underneath the government’s COVID-19 market stabilisation fund, based on the South Korean government-run Korea Development Bank . Mazda Motor announced it might resume both day and night shift operations, without suspensions, at all plants in Japan “before the end of July”. Spanish suppliers association, SERNAUTO has welcomed the announcement by Madrid it is to pump EUR3.75bn (US$4.24bn) into the auto sector, with a concentrate on fleet renewal and competitiveness. “The sector welcomes this plan to boost the automotive industry value chain and urge to implement the measures as soon as attainable,” stated a SERNAUTO assertion despatched tojust-autofrom Madrid. Automakers are going through the conclusion that, whereas lockdown restrictions are starting to lift in many countries, customers are nonetheless reluctant to danger their health by going to a dealership and doubtlessly exposing themselves to infection.

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