This article comes from WeChat public account : car stuff (ID: chedongxi) , author: Xiao Han, the original title: “foreign car prices in the epidemic: a plant shutdown, Chinese travel restrictions, Issue profit warning
With the further development of the epidemic, the impact on the economy has begun to appear.
Since the outbreak of pneumonia caused by a new coronavirus in Wuhan, it has attracted worldwide attention. The Chinese government quickly took effective measures to send medical teams to support Wuhan, and at the same time, to carry out isolation and prevention and control measures in various places to curb the spread of the epidemic.
At the time of the isolation of people’s homes across the country, major companies are also in action, while donating to support Wuhan, and introducing measures such as postponed construction and suspension of business trips to Wuhan to ensure employee health.
A few days ago, the foreign media European auto industry news released a report entitled “The spread of the epidemic: car companies, component suppliers downsizing and issuing profit warnings”, introducing Volkswagen, Tesla, Bosch, Apollo Response measures and judgments made by foreign auto industry companies on the pneumonia epidemic in Wuhan.
▲ Reports published by foreign media
Through this foreign media report, we have a clear understanding of the major foreign vehicles from the perspective of foreign mediaThe sentient beings of the company, and analyze the impact of the epidemic on foreign car companies and the entire auto industry.
The following is a compilation of this article, which has been slightly modified without changing the willingness. Also note that the epidemic data quoted in foreign media reports is not up-to-date:
The outbreak of pneumonia caused by SARS-like coronavirus in China (Editor’s Note: As of 24:00 on January 31, the outbreak data released by the National Health Commission was 11791 domestic confirmed diagnoses and deaths 259 cases) .
Car companies and component suppliers operating in China have suspended production activities and suspended business trips to China. These measures will affect sales and profitability in China, a key automotive market.
As the number of confirmed cases in China rises, there is growing concern about this flu-like virus. Some governments have issued announcements to their citizens, recommending that they do not travel to the affected areas in the near future. Several airlines have temporarily suspended flights to China, disrupting the pace of business travel.
The outbreak from Wuhan has infected nearly 7,800 people worldwide, of which more than 7,700 are in mainland China and 68 are in countries outside China (Editor’s Note : As of 24:00 on January 31, the outbreak data released by the National Health and Medical Commission are 11791 confirmed domestic cases and 259 deaths.
Wuhan itself is an important city in China in the fields of automobile manufacturing, freight transportation and commerce.
At present, many factories are shut down due to the Chinese New Year holiday. However, with the spread of the epidemic, from car companies to suppliers, the state of shutdown may be longer.
1, dynamic changes
A top parts supplier said that due to the possibility of death in the outbreak, car companies have extended the Spring Festival holiday and reduced production capacity in the first quarter by 15%.
When Anbofu released its quarterly financial report, it commented on the epidemic in China. The company is committed to research and development of safety and electrification systems. Volkswagen Group, General Motors and other companies are its customers.
“As you think, the impact on the industry is a constantly changing process.” Ambassador CFO Joseph Massaro told analysts during an earnings call.
He said that the impact of the epidemic on the automotive industry mainly depends on the length of the shutdown. Or to be more pragmatic, that is, when the government can stop holidays and isolation.
Volkswagen Group, the largest foreign-funded auto company in China, requires 3,500 employees at Beijing headquarters to work from home after the holiday period from February 3 to February 17.
▲ Volkswagen Group China Headquarters
Volkswagen Group said on Thursday that FAW-Volkswagen will resume production as early as February 9, while SAIC-Volkswagen will resume February 10. However, the company also stressed in a statement that the vehicle delivery process would not be affected.
Skoda, a Czech car company owned by Volkswagen Group, said on Wednesday that affected by the epidemic, it will delay the company’s employees’ travel plans to China, but the company did not give a specific recovery time. China is already the largest market for Skoda, and the Czech car company has no plans to evacuate its employees.
The Czech Ministry of Foreign Affairs issued a recommendation to its citizens on Wednesday not to travel to China unless necessary.
A spokesman for the BMW Group said on Thursday that the Spring Festival holiday at its Shenyang plant will be extended by one week to February 9, while also restricting travel activities. The spokesman also pointed out that the extension of the holiday to February 9 was factory workers