That hits a nerve. A lot of restaurants are going to close and never reopen again as a result of this lockdown.
In Europe, losing your job does not mean losing your health nor your finances.
It does if you're freelance, which a lot of the events industry is. Or if you work for a small business that folds as soon as it has no business.
Electric cars are fungible, social fabric is not.
So we can lose Tesla and be fine with remaining electric car manufacturers or new ones. In contrast, losing a long-term social hub is a lasting negative impact.
[0] https://www.reuters.com/article/us-volkswagen-results-2019/v...
From cold calculus it might be worth risking a few more lives to keep the concern going.
https://en.wikipedia.org/wiki/Value_of_life
Scroll down for a country-by-country breakdown.
I personally don't pass judgement on it.
TBH, I'm more worried about what will happen with Ford or GM if they have even a short outage. GM has massive ongoing obligations and a relatively weak balance sheet, afaik.
This applies just as much to anything food-related (grocery or restaurant); maybe moreso because most of what a restaurant needs (or farm/ranch/fishery could produce) is not as shelf-stable as most car parts.
Interesting. VW, Daimler, Lamborghini, Ferrari, FCA, PSA all are stopping production.
Because it's not like a restaurant that you can close and then open a month later with little consequence to the public. If you stop production of components or cars, you will not have them later on to restart the economy.
Most of the world uses lean manufacturing. Closing down some factories will mean that entire production chains will shut down. All the companies that service those chains will shut down. And when the virus passes, you will have no cars, no components for cars, and no easy way to restart manufacturing.
Even without shutdowns the entire system will take a huge hit dues to changes in demand. (Which will drop to nothing for some thing and skyrocket for others.)