Ford is preparing for a $600M loss in the first three months of 2020 due to sales slowdown in the shadow of the global coronavirus.
It’s already secured credit facilities and has a $30B reserve to cover most eventualities.
New service and maintenance procedures at Arval UK have been adapted in a matter of days to keep essential fleets available 24/7 during the coronavirus crisis.
Corrine Barton, Arval UK Head of Networks, said that the company was working to support a number of key businesses, including some of the UK’s largest pharmaceutical and medical supply companies.
Renault is pulling out of a loss-making car business with Dongfeng Motor Group in China due to poor sales.
It will still work with partners on vans and electric vehicles.