Virus Exposes Cracks in Carmakers’ Chinese Supply Chains

[Zxcvb]

3 hours ago, awhtc said:

Coronavirus Is Shutting Down Factories in China. Auto Makers Will Feel the Pinch.

Auto makers with major exposure to Hubei include Dongfeng Motor Group (DNFGY), General Motors (GM), Honda Motor (HMC), France’s Groupe PSA and the Renault-Nissan-Mitsubishi alliance. The factory shutdowns will cause the loss of about 90,000 vehicles in Hubei alone, according to estimates from RBC Capital Markets analyst Joseph Spak.

https://www.barrons.com/articles/coronavirus-auto-makers-factories-parts-suppliers-china-hubei-51580941049

No worries, we have major car manufacturing plants in South East Asia to supply parts easily. Thailand and Indonesia alone can source for parts for most bread & butter models. Vietnam and Philippines are good alternative source too. 

[awhtc]

Honda raises profit forecast, sticks to Wuhan plant closure schedule

Honda Motor Co raised its forecast for full-year operating profit by 6per cent on Friday, with a weaker yen increasing the value of its overseas sales.

https://www.channelnewsasia.com/news/business/honda-raises-profit-forecast--sticks-to-wuhan-plant-closure-schedule-12405122

[goldennugget]

On 2/7/2020 at 4:01 PM, awhtc said:

Honda raises profit forecast, sticks to Wuhan plant closure schedule

Honda Motor Co raised its forecast for full-year operating profit by 6per cent on Friday, with a weaker yen increasing the value of its overseas sales.

https://www.channelnewsasia.com/news/business/honda-raises-profit-forecast--sticks-to-wuhan-plant-closure-schedule-12405122

honda doing well? how come merc cutting jobs, i thought merc was also doing well :

https://www.reuters.com/article/us-daimler-results/daimler-third-quarter-operating-profit-up-8-boosted-by-mercedes-sales-idUSKBN1X30GS

but they still cutting jobs .. very strange

https://www.businessinsider.sg/mercedes-benz-parent-daimler-reportedly-planning-15000-layoffs-2020-2/?r=US&IR=T

 

 

[Neost]

cut jobs doesn't mean not doing well. Tree too big needs to be pruned in order to grow bigger and better

 

[Ct3833]

On 2/6/2020 at 6:46 AM, Ishiwgao said:

otherr way of saying is "designed in ....", like apple write on the back of their iphone "designed by apple in california".

they just never write made in china after that lol

Made for Apple.