Daimler joins the other carmakers in temporarily suspending the production due to the global coronavirus pandemic. The company said that it’ll suspend the majority of its production in Europe, as well as work in selected administrative departments, for an initial period of two weeks.
The suspension applies to Daimler’s car, van and commercial vehicle plants in Europe, starting this week. Obviously, the disturbance in global supply chains has also contributed to the decision and the extension of this measure will depend on further developments.
With these closures, Daimler is helping to protect its workforce, to interrupt chains of infection and to contain the spread of the pandemic. At the same time, this will help the company to prepare for a period of temporarily lower demand and to protect its financial strength.
Given the ongoing spread of COVID-19, the economic effects on Daimler cannot be adequately determined or reliably quantified at this time.
The official statement further said that the management is monitoring the situation constantly and will take further measures as required. Full operations will be resumed when the situation improves.
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