1. Nissan will cut production of Japanese factories by 70% in May and 43% in June [Gesser Automobile] According to foreign media reports, due to the impact of the epidemic, Nissan Motor Company will cut production of Japanese factories by 70% and 43% in May and June respectively.

, Nissan will cut production in Japanese factories by 70% in May and cut production by 43% in June 4

　　【Gashi Automobile】According to foreign media reports, due to the impact of the epidemic, Nissan will cut production by 70% and 43% in Japanese factories in May and June respectively. Nissan's move further proves that automakers around the world have been affected as the spread of the new coronavirus has caused consumer demand to shrink.

(Photo source: Nissan official website)

　　Nissan plans to produce 13,400 cars in May (61,000 cars in the same period last year), a 70% decrease from the previous 44,800 vehicles; the production cut has caused a huge impact on Nissan's factory in southern Japan's Kyushu , which plans to operate a single shift this month and most of the next month due to insufficient consumer demand for Rogue Sport SUV crossover models. In June, production at Nissan's domestic factories will cut to 33,700 units from 63,700 units a year ago, down 43% from the previously planned 59,300 units.

　　Early, Nissan also stated that it would temporarily close its operations at its global headquarters and other Japanese offices (including its main R&D centers in Kagawa Nai Prefecture). The 16-day closure will last from April 25 to May 10, with approximately 15,000 employees affected.

This month Nissan also stopped production at its Tochigi vehicle factory, which mainly produces Skyline sedans and Infiniti models, and the company plans to continue to close the factory for most of May. In addition, Nissan's factory in Kyushu, southern Japan will only implement a daily shift system in April and May, and will be completely suspended for 4 days during this period. Nissan also announced that the shutdown at its U.S. factory will be extended until mid-May. In addition, Nissan plans to temporarily cut approximately 10,000 hourly workers in the United States from April 6.

　　Long before the outbreak of the epidemic, Nissan's sales and profits had already declined sharply, and cash flow was also declining, forcing the company to abandon the radical expansion plan implemented by former chairman Carlos Ghosn. The epidemic has only increased the urgency and pressure to reduce the scale. (Source: Gashi Automobile Zhan Ya'e)

, Jiangling Auto's revenue in the first quarter of 2020 declined by 29% year-on-year

　On April 28, Jiangling Automobile released its first quarter report for 2020, with the announcement showing that during the reporting period, it achieved revenue of 4.619 billion yuan, a year-on-year decrease of 29.01%; net profit attributable to shareholders of listed companies was 69 million yuan, a year-on-year increase of 176.10%. Regarding the decline in revenue costs, Jiangling Auto said that it was mainly due to the decline in sales due to the impact of the new crown epidemic.

　　In the first quarter of 2020, Jiangling Auto sold a total of 44,965 complete vehicles, a year-on-year decrease of 30.93%, including 16,828 JMC brand light trucks, 7,841 JMC brand pickup trucks, 4,998 JMC brand light buses, 4,530 SUVs, 10,464 Ford brand commercial vehicles and 304 heavy trucks. Sales revenue was 4.619 billion yuan, a year-on-year decrease of 29.01%; net profit was 69 million yuan, a year-on-year increase of 176.10%. (Source: Sina Auto)

, Renault wants to restart the Flins factory in France, but the union requires workers not to resume work

　　[Geshi Auto] According to foreign media reports, on April 26, SUD, a trade union representing workers in the Renault Flins factory, called on employees not to return to the factory before May 11. The union said that in view of the new coronavirus crisis, premature resumption of work still poses great risks to the health of employees. Previously, Renault management asked employees to start returning to the Flins factory on April 28 and April 29.

(Picture source: Renault official website)

　The factory official website shows that as of December 2018, the Flins factory had a total of about 2,640 employees, and the factory was established in 1952. The factory is responsible for the production of Renault Zoe small pure electric vehicles and Nissan Micra small hatchbacks. The factory will become the first vehicle assembly plant to resume production since Renault closed all its European factories in mid-March this year.

　　Renault’s three parts factories in France have resumed limited production last week. The three plants are the engine factory in Cleon, the chassis parts factory in Le Mans, and the refurbished parts factory in Choisy-le-Roi.Renault revealed that the above three factories employ more than 5,000 employees, but currently no more than 10% of the employees are working.

　　The French government has previously announced that it will relax the national lockdown from May 11. On April 24, French Finance Minister Bruno Le Maire said that the French government is studying an aid agreement worth 5 billion euros (about 5.4 billion US dollars) to provide assistance to Renault. Renault did not immediately respond to the request for comment. (Source: Gass Auto Nebula)

, the lockdown order is extended Tesla postponed the resumption of work in the Fremont factory

　【Geshi Auto】 According to foreign media reports, due to the extension of the Bay Area lockdown order in the United States, the shutdown time of Tesla's Fremont factory will also be extended, so the company postponed the recall of workers in the factory. Last weekend, it was reported that Tesla asked some workers in the Fremont factory to return to work, but the factory has not officially reopened.

(Picture source: Tesla official website)

　　The Fremont factory is Tesla's main factory. On March 23 this year, the San Francisco Bay Area issued a blockade order, and the factory also announced that it would stop production. Initially, the Bay Area lockdown ended on May 4, and Tesla also planned to restart production at its Fremont factory on May 4. However, six counties in the Bay Area have recently confirmed that the lockdown order will continue to be extended until the end of May.

　　 Bloomberg reported that Tesla has notified employees not to return to their jobs for the time being. A spray painting department administrator at Tesla's Fremont plant said via email on April 26 that employees would not need to go to the Fremont plant in California this week. The company had previously asked some spray and stamping workers to return to the factory on April 29. ”

　　Before agreeing to close the factory, Tesla refused to comply with the Bay Area lockdown order and said that automobile production should be a "necessary business". It is not clear when Tesla will restart production at its Fremont factory.

　　With the Fremont factory being unable to operate, Tesla can only produce vehicles at its Shanghai factory in China. If the Tesla Fremont factory cannot resume production in May or even June, the company's second-quarter performance will be seriously affected. Tesla did not immediately respond to a request for comment. (Source: Gess Motors Nebula)

, Skoda resumed production Czech automotive industry began to restart

　　【Geshi Automobile】 According to foreign media reports, on April 27, Skoda, the largest automobile exporter of Czech Republic, restarted production. However, due to the COVID-19 pandemic hitting demand for automobile products, the restart of the Czech automobile industry may not be very smooth.

(Picture source: Skoda official website)

　　The automobile industry accounts for one-tenth of the Czech economy output value, its export volume accounts for one-quarter of the Czech country, and provides 150,000 jobs. However, from the current situation, the output of the Czech automobile industry in 2020 will be far lower than the production capacity.

　　In March this year, as the number of confirmed cases of the new coronavirus in Europe began to increase, Skoda, a brand under the Volkswagen Group, was suspended due to the increase in the number of confirmed cases of the new coronavirus in Europe, Volkswagen Group, , was suspended. Production. However, as the Czech Republic relaxes restrictions, Skoda has restarted production. On April 27, under the government's phased plan, shops and fitness centers in the Czech Republic have been reopened.

Skoda workers need to wear masks when reworking and undergo temperature screening, which is part of the 80 new measures proposed by the company. Others include setting up hand disinfection stations in the factory, expanding the area of ​​the rest area, and extending the cleaning time of the station.

　　Since March this year, about 90% of Czech auto companies have stopped production or limited production. The Automobile Industry Association (AutoSAP) said that almost all auto companies will resume production in the next few weeks.

　　AutoSAP said that production in the Czech auto industry fell by 36% last month, causing a revenue loss of 67 billion kronor (US$2.68 billion) to automakers and suppliers. Petzl said the country lost almost all production in April and will recover to 60% in May.

　　He also predicts that the output of the Czech automobile industry will recover to 60% to 90% this year. "The beginning of the resumption of production will be very turbulent. What we are most worried about now is what the market will react."

　　AutoSAP revealed that as of now, the automobile industry has lost about 4,000 jobs, and 42% of companies are considering layoffs.

　　Skoda operates the largest of three large automotive factories in the Czech Republic, with a production of 1.43 million vehicles in 2019. The company's trade union news station said that Skoda will limit production after resuming production. Two other large Czech automobile factories are affiliated with Hyundai Motor, and Hyundai's factory in Czech Republic has restarted production on April 14 and implemented a two-shift system. TPCA, a joint venture between Toyota and Peugeot, will resume production on May 4. (Source: Gashi Auto Nebula)

6, Italy's new energy vehicle sales increased by 22% year-on-year in March

　　【Gashi Auto】 According to foreign media reports, due to the severe blow of the COVID-19 epidemic, the country's automobile market sales in March fell by 86% year-on-year. But surprisingly, the country's new energy vehicle market achieved growth, with sales in March rising 22% year-on-year to 1,322 vehicles. Considering the recent market situation in Italy, such sales results exceeded most people's expectations.

(Picture source: Fiat official website)

　　Due to the increase in sales of new energy vehicles and the decline in overall sales, the sales of new energy vehicles accounted for a record 4.6% of the overall sales last month (pure electric vehicles accounted for 3.3%). So far in 2020, the sales of new energy have accounted for 2.4%, more than doubled year-on-year.

Although it took a long time, Italian consumers seem to have finally begun to accept new energy vehicles. With Fiat launching the new 500e model in Italy, it is expected that the sales of new energy vehicles in Italy will further increase in the future.

　　In the first quarter of this year, the Renault Zoe with the highest sales new energy vehicle in the Italian market. Tesla Model 3 ranked second in the overall list with its sales of 358 units in March (the highest monthly sales in nine months), but it still has some gaps with Zoe.

Other notable models include the Smart Fortwo EV, which rose to fourth place in the overall list with the sales of 128 vehicles in March. The Ford Kuga PHEV has also been successful in the Italian market, ranking 12th with a total sales of 236 units.

　　In the brand rankings, Peugeot's market share is 13%, ranking first; Renault and Volkswagen both have 10%, ranking second. Tesla ranks fourth with a 9% market share, followed by Smart and Mini, both with 8%. (Source: Gauss Auto Nebula)

7, GM , Ford and FCA plan to restart U.S. factories on May 18

　　【Games Auto】 According to foreign media reports, after the suspension of work due to the epidemic in March this year, GM, Ford and FCA plan to restart production work in some U.S. factories on May 18.

(Picture source: Ford official website)

　　In the past few days, executives of the above-mentioned automakers held talks with leaders of the National Auto Workers Federation (UAW) and Michigan Governor Gretchen Whitmer, and then preliminarily determined the schedule for resumption of production. Last week, UAW chief warned that the resumption of auto plant operations in early May and the state's economy was "too early and too dangerous" because it puts employees at risk.

　　The report said that the three major automakers in Detroit are currently cooperating with trade unions to draft safety measures to reduce the risks faced by workers, but the two sides have not finalized the terms yet. GM, Ford, FCA and UAW did not respond to the request for comment as soon as possible.

　　On April 27, Ford said in a statement that the company has not yet decided when to resume production at its North American plant. "We will continue to evaluate public health, government guidance and supplier readiness to determine when to resume production. At the same time, Ford and UAW will continue to work closely to ensure that employees are healthy when restarting the plant."

　　GM also said on April 27 that the company has not yet determined the specific date for resumption of production. The FCA said the company is evaluating North American factory restart plans under the latest lockdown order and "will announce the resumption date in due course."

　　On the issue of when to resume economy and production, U.S. Ohio Governor Mike DeWine and Michigan Gretchen Whitmer has a disagreement. The former outlined the initial steps to reopen the state’s economy on April 27; while the latter said she will not be shackled by “artificial timing” during the fight against the pandemic.

　　Ohio will start this week and allow hospitals to perform surgical procedures on non-emergency patients and then gradually open up manufacturing and retail industries. The situation in Michigan is different, and Gov. Whitmer has not given details of restarting the state’s important manufacturing sector. Different plans in the two states may face more complex situations for automakers and other businesses with operations in the Midwest. (Source: Gass Motors Nebula)

8, Nissan mandates salaried employees in the United States to take leave

　　【Geshi Auto】 According to foreign media reports, due to the decline in car demand and the epidemic, Nissan North American company will reduce the working hours of salaried employees in the United States. On the evening of April 27, Nissan said that it required about 9,000 employees of Nissan and Infiniti brands to take 10 days off before the end of June. This decision will take effect immediately, and senior management of the company will not participate in this forced leave.

(Picture source: Nissan official website)

　　Nissan spokesman Chris Keeffe said that during the holiday, the company will continue to pay wages to workers and provide medical benefits. To offset some of the expenses, Nissan plans to use the U.S. federal employee-retaining credit program, part of the US $2 trillion COVID-19 Aid, Relief, and Economic Security Act passed by the U.S. Congress in March this year.

　　Keeffe said: "The COVID-19 epidemic has caused a decline in demand for cars, and Nissan is adjusting its U.S. business to cope with the changing situation. In order to improve organizational efficiency, we need to adjust the scale of operations appropriately; at the same time, we also need to ensure the health of our employees so that we can achieve business recovery when the economy improves. ”

　　Nissan is also taking other cost-cutting measures. Starting from June 1, Nissan will suspend corporate donations under the U.S. 401(k) pension plan. Nissan will also adjust housing benefits for U.S. employees and new employees. The company will no longer reimburse employees for the expenses incurred during the moving period, but instead provide a one-time fixed-rate subsidy.

　　In fact, Nissan was already in the fiscal quagmire long before the outbreak of the epidemic. Old products, years of reliance on large discount sales and low-profit fleet sales have led to a sluggish customer flow from Nissan dealers and poor asset-liability conditions. Earlier this year, about 40% of Nissan sold at a loss or break-even state.

　　Nissan is currently abandoning former chairman Carlos Ghosn Ghosn advocates a strategy of pursuing market share, and instead began planning a new round of product offensives, including updating about 70% of models by 2021.

　In the first quarter of this year, Nissan North American sales plummeted by 30% due to the outbreak of the epidemic in the United States. In the first quarter of this year, Nissan's US market share fell from 9.1% in the same period last year to 7.3%. (Source: Gass Motor Nebula)

9, GM suspends dividend payments and stock repurchases. CEO Bora's revenue shrank by 1.1% in 2019

　　[Game Motors] According to foreign media reports, on April 27, GM said that due to the severe impact of global automobile sales in the new coronavirus crisis, the company has suspended quarterly dividends and stock repurchases of common stocks in order to save cash.

(Picture source: General Motors official website)

　　On April 27, GM also stated that the validity period of a three-year revolving credit agreement of the company has been extended to April 2022, with an amount of US$3.6 billion.

　The company's power of attorney issued on April 27 also showed that the company's CEO 2 Mary Barra's total revenue in 2019 decreased by 1.1% compared with the previous year to US$21.63 million, down from US$21.87 million in 2018. In 2017, as General Motors Chairman and CEO, Bora earned $21.96 million.

　　The power of attorney shows that Bora's total income includes $2.1 million in basic salary, $12.14 million in stock rewards, options worth more than $3.5 million and performance awards worth $2.73 million. Bora's basic salary in 2019 was the same as in 2018, but performance bonuses fell by 38.7% year-on-year. Nevertheless, General said Bora earns 203 times the average salary of the company's employees.

　　Like other car companies, the epidemic has forced General Motors to close some of its North American factories. Previously, the company said that in order to save cash during the epidemic, it has postponed the production of at least 6 new models.

　　GM and its competitors Ford and Toyota have taken some measures to restart production in North American factories in early May, but the move has been opposed by the union, who believes that restarting production in early May is "too early and too dangerous". (Source: Gashi Automobile Nebula)

0, Xiaokang Co., Ltd. lost 494 million yuan in the first quarter of 2020

　On April 28, Xiaokang Co., Ltd. released its first quarter report. The company achieved total operating income of 2.385 billion yuan in the first quarter, a year-on-year decrease of 49.63%, and the net profit attributable to shareholders of listed companies was 494 million yuan, and the year-on-year loss amount continued to expand.

　　As for changes in net profit attributable to shareholders of listed companies, Xiaokang Co., Ltd. stated in the report that it mainly originated from four aspects:

　　1. In the sudden outbreak of the epidemic, people across the country could not flow normally, and personnel travel was greatly reduced. The company's production and sales volume in the first quarter of 2020 decreased, which affected the company's net profit decline by a large decrease.

　　2. Due to the impact of the epidemic, global economy fluctuates, exchange rate changes adjust the exchange loss of about 71 million yuan;

　　3. Due to the fluctuation of the stock price of the secondary market, the company's stock price of Chongqing Rural Commercial Bank fell, affecting the change of fair value, which was about 56 million yuan; (Source: Sina Auto)