Affected by the epidemic, as far away as India, Jaguar Land Rover's parent company Tata Motors has a hard time. Recently, it said it planned to separate the passenger car business from the truck and bus business as an independent department within the company. This move aims to promote the company to focus on two major businesses: passenger cars and commercial vehicles. Tata Motors said in a statement that splitting the passenger car business will help it gain a strategic alliance, which will provide the company with new products, auto parts, technology and capital.

In terms of performance, due to the slowdown in economic growth, as of February, Indian car sales have been declining for 16 months; However, at present, the suspension of production caused by epidemic factors has brought greater impact and challenges to car companies. It is reported that in order to prevent and control the epidemic, the Indian government has implemented a 2 1 day confinement nationwide. At present, most automobile factories in India have stopped production. Tata recently announced that the scale of business activities of the automobile factory in Maharashtra, western India, is drastically reduced due to concerns about the epidemic.

A few days ago, Moody's Investors Service Company put Tata Motors' credit rating on the downgrade watch list, believing that the company urgently needed cash flow to revive sales. Che Tai, managing director of Asia Automotive Intelligence Agency, pointed out: "Disassembling passenger cars is something Tata Motors should have done many years ago. I believe that in the current environment, the fundamental challenge facing Tata will be greater than restructuring. "

At present, the epidemic situation in the United States is very serious. As of March 30, Beijing time, the cumulative number of cases in the United States has exceeded 6.5438+0.4 million, and the most serious case in New York State is nearly 60,000, which is regrettable. The epidemic caused a serious shortage of medical equipment such as ventilators, and now American industrial giants such as Boeing, Ford and General Motors have to "be forced" to join the team that produces the aforementioned equipment. ...

On the 28th local time, Trump made a speech when bidding farewell to the naval hospital ship Comfort, which went to new york to support the anti-epidemic: "This week, I invoked the National Defense Production Law to force GM to fulfill the federal contract for the production of ventilators." Trump said, "In the next 100 days, the ventilators made or acquired in the United States will be three times that made or acquired by us (under normal circumstances) for a whole year. We are fully prepared. " American automakers such as Ford and GM are transforming into important equipment such as ventilators, protective masks and masks.

While transforming the production line, Ford also announced plans to restart the production of several assembly plants in North America as early as April 6. These factories mainly produce profitable SUVs, pickup trucks and commercial trucks. For example, F-series pickup trucks have always been the best-selling models in the United States, and Ford obviously doesn't want to delay the production and sales of these important models too much.

Gale Hotra, president of Ford North America, said that these factories will take strict safety measures to protect rework workers from the COVID-19 epidemic. According to the announcement, Ford plans to reopen a factory in Mexico on April 6, which mainly produces Ford Fusion and Lincoln MKZ cars. On April 14, four pickup truck, SUV and commercial vehicle factories in Michigan, Kentucky, Missouri and Ohio will resume work.

The epidemic also brought financial problems, and Ford decided to delay paying part of his salary. According to foreign media reports, Bill Ford, executive chairman of Ford Motor Company (Bill? Ford's full salary will be postponed, and Ford CEO Han Kate (Jim? Hackett), Chief Operating Officer Jim Farley (Jim? Farley), Chief Financial Officer Tim Si Tong (Tim? Stone) will delay the payment of 50% of wages to further save money during the epidemic.

On March 20th, Ford Motor Company announced that it began to use the credit line of Ford Motor Company of US$ 65.438+034 billion (about RMB 95 billion) and the credit line of Ford Motor Company of US$ 2 billion (about RMB 65.438+0465438+0 billion). These new cash increases will be mainly used to offset the temporary working capital impact caused by the suspension of production due to the COVID-19 epidemic. In addition, Ford also works with 3M and GE? The cooperation of health care departments helps to increase the production of urgently needed medical supplies, including masks, electric air respirator and ventilators.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.