Japan Automobile Manufacturers Association to support parts manufacturers in distress due to the influence of the new corona June 23, 18:39
The Japan Automobile Manufacturers Association has begun a new initiative to provide financial support to a parts manufacturer whose cash flow has become difficult due to the new coronavirus.
This initiative is to be started by the Japan Automobile Manufacturers Association, which is an industry group made up of automobile manufacturers, on the 23rd, and will support the financing of parts manufacturers whose cash flow has become difficult due to a sharp decline in orders.
Specifically, the Japan Automobile Manufacturers Association provides credit guarantee with deposits deposited in financial institutions as collateral, so that parts manufacturers can quickly obtain loans from financial institutions.
The target is a parts manufacturer whose cash flow has become difficult due to the influence of the new coronavirus, and an automotive-related industry group will be judged based on the importance of technology and products. The maximum loan amount is 100 million yen, and the total scale is 2 billion yen.
Initially, we planned to set up a fund to support parts manufacturers, but this procedure was introduced because the procedure takes time.
Amid global demand for automobiles, production adjustments continue to continue for automobile and automobile parts manufacturers, and the Japan Automobile Manufacturers Association said, "In order to complement the government's financial support system, the financing needs of parts manufacturers I would like to support you."