Coronavirus: Daimler optimistic, reopens factory in China

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The Coronavirus outbreak has been slowing down in China and Daimler decided to reopened the factory and most of the dealers in the COVID-19 heavily affected country.

China, and “the customers have started to return”, according to the CEO of the German group. “Demand is starting to grow slightly, we are optimistic,” said Ola Kallenius.

Daimler’s factories in Europe are largely shut down. Production in the US state of Alabama, where the successful Mercedes SUVs are rolling off the production line, will soon also be temporarily halted. But. despite the temporary closure of factories, in the context of the coronavirus pandemic, Daimler is not facing liquidity problems.

The chief of Daimler also said the Chinese factory was reopened, along with most dealers, and customers began to return to the brick and mortar shops.

“More and more people come to showrooms every day, we are optimistic, ” Kallenius added.

Daimler had to postpone the Annual General Meeting, which was originally scheduled for early April, into the summer, but the shareholders of the Group should then, as planned, receive a profit sharing of 90 cents per share for the 2019 financial year.