Mercedes announces ready for tough times

Mercedes announces ready for tough times

March 18, 2020 0 By autotimesnews

Due to the outbreak of the coronovirus, the global economy is beginning to suffer losses and are quite large. The German brand has announced that it is fully prepared for all the difficulties.

Disastrous events for many areas of our lives caused by the outbreak of coronavirus have done their job in the automotive industry. Various companies have already taken measures to ensure the safety of their employees. The Italian-American concern FCA closes almost all of its European plants, and the German VW Group suspends car production for the next two weeks. The American Ford also announced the closure of its plant in Valencia, where three workers were diagnosed with COVID-19 (coronovirus). The United States Automotive Workers Union (UAW) is pushing for a two-week shutdown of absolutely all US plants.

 As the logistics and supply chains are disrupted due to the epidemic, the US auto business is facing big financial problems.

 The United States Mercedes-Benz office acknowledges this problem and emailed its dealers. CEO Nicholas Spiks even quoted the legendary Winston Churchill in the above email.

“Winston Churchill once said: If you go through hell …….. GO ON! ”Mr. Speaks wrote to dealers in the USA. “The challenge facing us is precisely what we, all of us, are going to do: continue to move forward despite the difficulties.”

 He also outlined plans for a dealership in the United States. Dealers will also be provided with a basic payment for a vehicle sold in March, even without taking into account the sales quota.

 Mercedes-Benz Financial Services (MBFS) will consider deferring major payments related to real estate loans and capital loans for up to 90 days, while customer payments may be deferred for up to 90 days in each case.