In fact, apart from Daimler, FCA and Ford Motor Company have also taken the same measures.
It is reported that FCA reached a credit line agreement worth 3.5 billion euros (about 26.8 billion yuan) with two banks in March this year.
On March 20th, local time, Ford Motor Company announced that it had informed the lender that it would start two credit lines, namely, a corporate credit arrangement of US$ 654.38+03.4 billion (about RMB 654.38+00.26 billion) and a supplementary credit arrangement of US$ 2 billion (about RMB 654.38+05.3 billion).
1. Daimler completed a credit line of 654.38+0.2 billion euros.
According to Reuters, Daimler said on Thursday that it has signed a credit line agreement of 654.38+02 billion euros (about 965.438+08 billion yuan) to ensure its financial flexibility in the COVID-19 epidemic crisis.
Previously, Daimler has obtained a revolving credit of 1 1 billion euros (about 84.2 billion yuan), and this new credit arrangement will be based on the original credit arrangement.
Daimler said that the credit line signed this time can be used within 12 months, and Daimler has the option to extend it for six months twice. In addition, Daimler added that it has cooperated with BNP and Banco? Santander), Deutsche Bank (Deutsche? Bank) and JPMorgan Chase (JP? Morgan) reached an agreement.
2.FCA obtained a credit line of 3.5 billion euros? Ford will suspend dividend payment and open credit lines.
As the COVID-19 outbreak in early 2020 has not completely ended, it is impossible to estimate how much the car companies will suffer. In this case, many overseas car companies are trying to enhance their cash flow strength by seeking credit lines in order to better cope with the epidemic crisis.
According to foreign media, so far, in addition to Daimler, FCA and Ford Motor Company have also taken relevant measures.
▲ Ford Motor Company issued an announcement.
It is reported that in March this year, FCA reached a new credit line agreement with two banks worth 3.5 billion euros (about 26.8 billion yuan). According to FCA regulations, this credit line will be regarded as a transitional fund for "the use and working capital needs of general enterprises".
In addition, Ford Motor Company also announced on March 20th, local time that it had informed the lender that it would start two credit lines, namely, the corporate credit arrangement of 654.38+03.4 billion US dollars (about 654.38+00.26 billion yuan) and the supplementary credit arrangement of 2 billion US dollars (about 654.38+05.3 billion yuan). At the same time, Ford will temporarily stop paying dividends and continue to make some necessary investments to ensure that new models can be successfully listed in 2020.
Conclusion: The spread of the epidemic has hindered the development of overseas car companies.
According to Baidu COVID-19 real-time epidemic map data, as of today 18: 35, the number of overseas confirmed cases has reached 75,5781,the cumulative number of confirmed cases has exceeded 949,000, the cumulative number of cured cases is142,738, and the cumulative number of deaths has exceeded 50,000.
At this stage, the trend of the epidemic spreading overseas is still intensifying, which has caused a growing impact on car companies. According to recent statistics, at least 55 automakers in North America have temporarily closed down and stopped production. At the same time, the situation in Europe is also very serious. Audi alone closed 72 factories in Europe.
Under this circumstance, overseas car companies have also begun to take various measures such as layoffs, salary cuts, and seeking credit lines to ensure that they can successfully survive this difficult period.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.