Brembo Executive Deputy Chairman Matteo Tiraboschi said the Italian production of the Lombardy-based group was currently unaffected, but added it was close to the limit of coping.



"If I think of any other measures, those could be only a ban on goods transportation and on workers' commutes," he said. "This would mean halting production in Italy."

"The fallout for the global auto industry would be huge, as auto parts produced in northern Italy are used by half of the world's automakers," Tiraboschi said.

He also called on Europe to coordinate any measures on manufacturing production to curb the virus outbreak.

"Now Italy is shut, then it might be France's turn and then probably Germany's. We risk tripling the overall time of economic struggle in Europe: better shutting altogether now," Tiraboschi said.