Mazda 300 billion yen loan request New coronavirus impact May 9 21:09
While demand for automobiles has fallen sharply due to the spread of the new coronavirus infection, Mazda is in talks with its bank to receive a loan of 300 billion yen in order to make available funds. I understand.
According to a person involved, Mazda is requesting a total of 300 billion yen in loans from major banks such as Sumitomo Mitsui Banking Corporation, as well as the Development Bank of Japan, and is proceeding with discussions.
Mazda's sales have been sluggish in the United States and other countries since last year.
Furthermore, due to the drop in global demand due to the spread of the new coronavirus infection, we are continuing production adjustments that will temporarily suspend the operation of domestic and overseas plants from late March.
Although the company has no problem with the funds at hand at this time, it seems that the company has the aim of securing more funds in preparation for the prolonged impact.
In the automobile industry, Toyota Motor Corp. is requesting that it set a lending line of 1 trillion yen in line with the main banks, and Nissan Motor Co., Ltd. and Mitsubishi Motors Industry Co., Ltd. are also proceeding with loan negotiations in order to increase their funds. There are a number of companies that are taking various measures.