MILAN — Fiat Chrysler is halting manufacturing through March 27 at the greater part of its plants in Europe pursuing the coronavirus disaster which is disrupting the financial system.

FCA said manufacturing for its Fiat and Maserati models would prevent in the subsequent two months at the Italian plants of Melfi, Pomigliano, Cassino, Mirafiori, Grugliasco and Modena.

FCA’s factories in Kragujevac, Serbia, and Tychy, Poland, will also close, the automaker said.

“The short term suspension allows the group to proficiently reply to the interruption in sector desire by ensuring the optimization of offer,” FCA said in a statement.

The corporation said the freeze would help it to resume action immediately the moment sector ailments let it.

“The group is performing with its offer base and small business partners to be all set to permit our manufacturing operations to deliver previously prepared total concentrations of manufacturing regardless of the suspension when sector desire returns,” FCA said.

FCA’s Italian factories account for over sixty five % of the automaker’s European manufacturing and eighteen % of its world wide manufacturing, according to Jefferies autos analyst Philippe Houchois. The plants have stopped on a combine of ingredient and personnel scarcity, Houchois said in a notice to buyers.

FCA’s transfer follows a similar determination by Ferrari which on Saturday said it was closing its two plants in Italy until eventually March 27 in reaction to the virus disaster, citing an rising scarcity of areas.

Italy has been the European region worst hit by coronavirus and the initially to implement a nationwide lockdown which has now been replicated by Spain and, to a lesser extent, by France as the pandemic sweeps through the continent.

Italy has closed down schools, outlets, restaurants and banned all non-vital travel, when letting firms to keep on to function furnished they comply with stringent protection measures.

Nevertheless, a developing selection of suppliers are opting to suspend manufacturing.

Premium brakes maker Brembo, whose shoppers incorporate Ferrari, said on Friday it would briefly close its four Italian plants this week.

Lamborghini has closed its only plant near Bologna until eventually March 25.

Automotive News Europe contributed to this report