Marcopolo started producing again April 13 after a break forced by COVID-19 control measures. The plants of Caxias do Sul and Duque de Caxias are producing again with lowered output. The number of workers is reduced and the space between people is expanded, among other measures for safety purposes. The São Mateus plant has not reopened.
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PSR Analysis:
The current scenario points to a heavy impact on the Bus market due to reduced customer traffic that puts reduces fleet owner revenue. On the other hand, this segment is often boosted by government programs, like “Caminhos da Escola” in Brazil.
The actions for recovery after the crisis may lower the impact substantially, especially in a scenario where government spending is no longer limited to the approved budget, there is strong pent up demand for school buses and actions to stimulate industry and jobs are badly needed. PSR
Fabio Ferraresi is Director-Business Development SA
