On March 23, Daimler announced that due to the worsening situation of the coronavirus (COVID-19) pandemic, the Daimler Group has decided to suspend the majority of its production as well as work in selected administrative departments. By taking this action, the company is following the recommendations of international, national and local authorities.
At most locations work has been suspended for an initial period of two weeks. The suspensions affect Daimler's car, van and commercial vehicle plants in Europe as well as in the U.S., Latin America, Africa and India.
With these measures, 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.
Daimler’s management is monitoring the situation constantly and will take further measures as required. Full operations will be resumed when the situation improves.
(Daimler press release on March 23, 2020)