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Cars: Spanish car production shows May recovery after April slump – Reuters

Cars:

MADRID, June 25 (Reuters) – Spanish automotive production recovered slightly in May from historic lows in April, data released on Thursday showed, although output was still down sharply year on year.

Production fell 68% in May, with some 92,900 vehicles rolling out of factories, industry association Anfac said.

That compared with a 98% drop registered in April, when the country’s strict coronavirus lockdown paralysed manufacturing.

Spain earlier this month unveiled a 3.7 billion euro aid package to promote investment in the automotive industry after Nissan said it would close its larges

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