Affected by the continuous spread of the epidemic, PSA Group's factories in Europe have been greatly affected. At present, PSA Group has closed the automobile production in all factories in Europe. According to the preliminary plan of PSA Group, the factory was originally scheduled to resume production on March 27th. Due to the serious epidemic situation in Europe, the specific date for PSA to resume work in April has not yet been determined.
It is learned from overseas automobile markets that automobile production and sales in Europe and America are at a standstill. In order to cope with the impact of the epidemic, various automobile companies have responded to the crisis by applying for credit and cutting costs.
It is understood that on March 20th, Ford Motor Company announced to apply for a credit line of US$ 654.38+05.4 billion, including corporate credit arrangement of US$ 654.38+03.4 billion and supplementary credit of US$ 2 billion to ensure the stability of its cash flow.
On March 24th, GM also adopted a credit line of $654.38+0.6 billion to maintain its financial stability in March. On 26th, FCA Group announced that it had applied for a credit line of 3.5 billion euros with a service period of 12 months.
At the beginning of April, Daimler Group signed a credit line of 654.38+0.2 billion euros with four international banks last week, which fully guaranteed its financial freedom. Toyota Motor Corporation, a Japanese auto company, had previously applied for a credit line of 1 trillion yen.
Judging from the application for credit business by various car companies, the financial pressure of domestic and foreign car companies has doubled due to the epidemic. Due to the unclear overseas epidemic situation, it is difficult to improve the decline of the automobile manufacturing market in April.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.