Virus Onset in China’s ‘Motor City’ Darkens Auto Credit Outlook
- Coronavirus blow to sector showing signs of recovery
- Epicenter Wuhan is China’s fourth-largest auto producer
Workers prepare a temporary hospital at the Wuhan International Conference and Exhibition Center .
Photographer: Getty Images/Getty Images
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European junk-rated auto companies were just starting to show signs of a recovery after a prolonged downturn, with improving bond prices and encouraging results.
Then the coronavirus struck.