the moment the epidemic has begun to affect the operation of the depot, many brands have decided to shut down some facilities, or to reduce the number of employees in order to avoid infection cluster in the near future. Although downtime is still short, but has produced large depot difficult to cope with the impact of the epidemic when it ended and still no clue, so Daimler, FCA, Toyota and other groups have started to look for funding.
Toyota currently has a plant shutdown over the world, including the United States, France, India, Brazil and the Philippines, may need 90 billion dollars in financial assistance; Daimler is also facing similar situation, in more plant shutdowns, yet shutdown of production lines also need to reduce working hours, according to Bloomberg, the group is actively engage with financial institutions, funds needed could reach $ 11 billion; FCA dilemma might slightly better, Reuters reported that the group has received two banks agreed to add $ 3.8 billion line of credit can be used as the Group operations and working capital purposes. Depot suspension may face losses far beyond the imagination, Volkswagen closed many factories in Europe last week, but weekly losses top $ 2.2 billion. But while the public has about $ 20 billion line of credit, but has yet to cope borrowing needs. Currently Chinese factories have begun to return to work, but help is still limited.
This is why large auto groups anxious to return to work, every depot are hoping to make every effort to return to work earlier. Part of the plant still in operation is necessary to take a number of measures, including continuous disinfection, keeping employees safe distance, to avoid infection in the factory area leading to large-scale cluster downtime. Because the United States has become the world’s hardest-hit countries, the general strike also suffered disproportionately, in order to be able to weather the crisis, GM decided to reduce the percentage of 20 white-collar staff salaries, in addition to a pay cut of about 6,500 people put fake, only to receive 75 percentage of salary. This situation is expected to be maintained until April 1, but the current American epidemic development point of view, the probability of April 1 of restitution is not high.
epidemic in a short time a serious blow to the global automotive industry, in accordance with the different conditions of the epidemic development of all regions, return to work status and financial assistance, there might be opportunitiesBrand led to the current changes in forces or even reversed.