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Factbox: Carmakers aim to resume China output after virus forced closures

Byindianadmin

Feb 11, 2020 #forced, #virus
Factbox: Carmakers aim to resume China output after virus forced closures

( Reuters) – Car manufacturers consisting of Daimler, Ford and Tesla are aiming to resume production in China after being required to shut factories following the break out of a new coronavirus.

SUBMIT PICTURE: The BMW logo is seen on a vehicle at the New York Automobile Show in the Manhattan borough of New york city City, New York, U.S., March 29,2018 REUTERS/Shannon Stapleton

Below are information on carmakers’ strategies (in alphabetical order):

BMW’s ( BMWG.DE) China venture with Luster (1114 HK) said on Feb. 5 the Chinese company prepared to reboot production on Feb.17 [nL8N2A55AY]

Daimler ( DAIGn.DE) said on Feb. 3 it plans to resume passenger car production in Beijing on Feb.10

Fiat Chrysler ( FCHA.MI) said on Feb. 6 that disturbance to parts products could threaten production at one of its European plants within two to four weeks.

Ford Motor ( F.N) stated on Jan. 29 it prepared to resume production on Feb. 10 at its factories in Chongqing and Hangzhou with joint endeavor partner Chongqing Changan Vehicle (000625 SZ).

General Motors ( GM.N) said on Feb. 10 it plans to restart production in China on Feb.15

Honda (7267 T) said on Feb. 7 it would restart its three plants in Wuhan, which it runs with Dongfeng Motor Group (0489 HK), on Feb.13 Honda said there were no supply chain problems that would restrain production.

Hyundai Motor (005380 KS) and sister firm Kia Motors (000270 KS) will slowly increase production in South Korea from Feb. 11, the business stated in a declaration on Feb.10 [nL4N2AA2C1]

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