- Spain’s government has recently announced its intention to launch a stimulus programme to help the country’s struggling automotive industry climb out of the hole left by the coronavirus outbreak.
- The automotive industry forms a solid backbone of the Spanish economy and will be vital once its sectors begin to fully reopen.
- A current estimate places it as roughly 10% of the country’s total annual GDP and it is the second biggest automotive industry in Europe behind Germany, and the eighth largest in the world.