Aftermarket Intel is keeping the global automotive aftermarket community updated with developments around the globe concerning the COVID-19 pandemic and how it affects the industry. Below you’ll find newest news first.
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12 p.m. Eastern Daylight time
Hyundai Motors has closed their production plant in Montgomery, Alabama, after an employee tested positive for COVID-19, according to the company.
11:30 a.m. Eastern Daylight time
Canada OEM auto parts manufacturing association president: Let’s make medical supplies
As auto plants in North America temporarily close due to concerns about coronavirus, Flavio Volpe, president of the Automotive Parts Manufacturers’ Association in Canada, is working on having auto parts manufacturers adapt to produce medical supplies, according to a report by CBC.
APMA is Canada’s national association representing OEM producers of parts, equipment, tools, supplies, advanced technology, and services for the worldwide automotive industry, the organization says.
11:20 a.m. Eastern Daylight Time
NORMA Group reduces production, suggests suspension of dividend for fiscal year 2019
Due to the COVID-19 crisis, NORMA Group SE, a leader in engineered joining and fluid-handling technology, has decided to reduce production shifts and to interrupt production processes in its sites in the EMEA and the Americas regions starting next week. The duration of these measures depends on the further development of demand as well as the corona crisis. It cannot be ruled out that sites in the Asia-Pacific region will also be affected. The impact on the financial figures 2020 has still to be determined. They will probably be below the latest market expectations.
The Annual General Meeting, formerly scheduled for May 14, 2020 is postponed to June 30, 2020. The company is expected to suspend its stock dividend for 2019.
10:45 a.m. Eastern Daylight Time
Germany company LIQUI MOLY announces special 1,000-euro bonuses to each employee
“Today, we have largely been able to ensure in all corporate areas that we are mastering this balancing act between preventive health care and continued work,” Managing Director Ernst Prost wrote in a letter to the company’s employees. “Now, I can imagine that the current circumstances are not only time-consuming for you, but also involve additional financial expenditure. As a token of our appreciation, allow me to give you an extra EUR 1,000 gross with your next salary payment – to a certain extent, as a financial corona consolation!”