Honda, Mitsubishi, Toyota, Nissan suspend work of their factories due to coronavirus

Source : 112 Ukraine

Largest Japanese car manufacturers were forced to take such measures due to lower sales
19:00, 14 June 2020
Open source
The largest Japanese automakers Honda, Mitsubishi, Toyota, and Nissan will suspend work on their plants against the backdrop of the Covid-19 coronavirus infection pandemic. This was reported by NHK.

In particular, Honda announced that next month it would suspend production at two plants in Saitama Prefecture and in Mie Prefecture for several days.

At the same time, Mitsubishi decided to suspend the plant of its subsidiary in Gifu Prefecture (from June 2 to 30) and the plant in Aichi Prefecture (from June 2 to 15 and from June 23 to 30).

According to NHK, Toyota and Nissan also have plans to suspend the assembly line.

One of the world's largest car rental companies - Hertz filed for bankruptcy against the backdrop of strangling the economic situation due to the Covid-19 pandemic.

The company survived the Great Depression, the suspension of US automobile production during World War II, and numerous oil price shocks.
In April 2020, industrial production in the EU countries showed a record-breaking decrease and reached the lowest levels in the last 25 years. The reason is quarantine measures. This is reported by Deutsche Welle with reference to Eurostat data.

"In April, compared with the previous month, industrial production in the eurozone decreased by 17.1%, and in the European Union - by 17.3%, excluding seasonal fluctuations," the report said.

Compared to April 2019, the decline was 28% in the Eurozone and 27.2% throughout the EU. We are talking about the lowest rates since the mid-1990s.
"For example, due to the financial crisis at the end of 2008 and the beginning of 2009, industrial production in Europe fell by 3-4% compared to the previous month," the report said.

The largest decline was recorded in Hungary (30.5% compared with March) and Luxembourg (43.9% compared with April 2019). The smallest losses are in Finland (-2.2%) and Malta (-3.1%).

Nevertheless, there is a positive trend. For example, in Ireland, industrial production grew by 5.5% compared to April 2019.
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