DAILY ROUNDUP: The auto industry amid the coronavirus pandemic
- 2020-04-02 14:56:41 Geely PH donates surgical masks for medical frontliners
Geely Holding Group, through Li Shufu Charity Foundation and its local distributor, Sojitz G Auto Philippines Corporation, donated 20,000 surgical masks to the Department of Health (DOH). This is the automobile company’s way of supporting the health workers of the country in combating the dreaded Covid-19 pandemic.
- 2020-04-02 14:56:41 Lamborghini now makes face shields and surgical masks for pandemic frontliners
Currently, the epicenter of the Covid-19 pandemic in Italy is also where the Automobili Lamborghini is situated. Thus, Stefano Domenicali, CEO and chairman of the super sports car maker, decided to transform its production facility in Sant’Agata Bolognese to manufacture protective plexiglass shields and surgical masks for donation to the health workers of the Sant’Orsola-Malpighi Hospital in Bologna to aid in combatting the coronavirus pandemic.
- 2020-03-27 02:19:19 Nissan PH extends warranty, PMS coverage
In a statement, Nissan Philippines said it is "committed to supporting... valued customers during the enhanced community quarantine period" by "extending for 30 days the warranty coverage and scheduled periodic maintenance service for all qualified Nissan customers if coverage lapses within warranty period." This is subject to warranty validation. For more information, call the Nissan Customer Center hotline at 02 8403 6593.
- 2020-03-26 09:00:08 Covid-19 to severely affect PH auto sales, says US credit rating agency
US macro intelligence and credit company Fitch Solutions predicts the Philippine auto industry growth will slow to 0.4% due to the enhanced community quarantine (ECQ) to control the spread of Covid-19. The initial projection had been 7.4%.
- 2020-03-25 13:19:33 Toyota PH lends 47 vehicles to pandemic frontliners
Toyota Motor Philippines (TMP), under the leadership of new president Atsuhiro Okamoto, has reached out to various local government units and their respective disaster risk reduction and management offices, health offices, and city transport heads with the intention of dispatching as many vehicles as possible to increase the mobility of frontline workers. Currently, TMP has lent out 47 vehicles.
- 2020-03-25 12:59:51 Ford, 3M, GE Healthcare, UAW work to ramp up Covid-19 protective gear production
Four organizations are working together to respond swiftly to the pressing need for protective equipment for frontliners in the Covid-19 pandemic.
- 2020-03-25 09:02:32 Toyota shuts down factories in Japan
The global economy is struggling with the coronavirus pandemic, and as a result Toyota Motors witnessed a huge decline in demand in the overseas markets. Thus, the company has decided to halt the production at the seven manufacturing sites of Japan until April 3, 2020. The suspension period will be different for the different production lines.
The so-called novel coronavirus, now officially called Covid-19, is deeply changing our daily lives. This tragedy of unprecedented scale is shaking people across the world and disrupting the global economy. The growing adverse impact of the pandemic is savaging global industries in practically all sectors.
One of these is the auto industry. In the past few weeks, automakers including Ford, GM, Tesla, Nissan, Ferrari, Lamborghini and more have understandably suspended their operations, with workers being sent home to control the spread of the coronavirus.
Earlier, various major international auto shows like the Geneva Auto Show and the New York Auto Show had been called off -- underscoring the severity of the situation which has now hit at once-shining testaments to the robust health of the industry.
Amid this severe outbreak, consumer confidence is obviously at an all-time low,. In the Philippines, the whole island of Luzon is on a month-long enhanced community quarantine, making the wheels of industry grind to a halt.
We await to see how this ultimately impacts the auto industry but, surely, many consumers previously interested in or were browsing for a new vehicle are likely to pass on that at least for the meantime.
This means a challenging period looms in the horizon for all the industry stakeholders. Carmakers and dealers need to be creative and agile to adapt to this new normal while assuring better days ahead. Here's hoping it gets better sooner than later.