While that may be a disappointment for existing investors, these moves by the company will be essential for its long-term survival. Honda Financial Services As a responsible lender authorised by the Financial Conduct Authority, we understand that many of our customers may be directly or indirectly affected by COVID-19. Whether it’s using 3D printers to make face shield frames to protect healthcare workers, learning how to assemble compressors to save lives, or contributing as a Virtual Volunteer, I am humbled by the efforts of our team to support the community and our customers.
Personal Protective Equipment (PPE): 10 Honda facilities in North America combined to donate over 200,000 items to healthcare providers and first responders, including gloves, face shields, N95 protective masks, alcohol wipes, half-mask respirators and other types of protective gear.

This will lead to a 2021 cash balance of $27.3 billion (¥2,950 billion), which is higher when compared to FY2020. For those essential associates working in Honda facilities, the company is taking additional steps to support social distancing and other health and safety guidelines. Titled “The Power of Something Greater,” the new advertising and social media campaign focuses on how the strength of coming together as a community can help people get through challenging times, and emerge even stronger: The visual elements of the campaign focus on the core ways that Honda is dedicated to supporting those affected by the COVID-19 pandemic. Honda continues investigating the ability to meet critical manufacturing needs related to medical equipment such as compressors for ventilators, by partnering with other companies. The Honda and Acura brands have offered to help customers who financed their vehicles through Honda Financial Services or Acura Financial Services with payment extensions and deferrals, as well as available late fee waivers.

In Marysville, Ohio, we have transformed our Technical Development Center into an assembly area where associates will soon make diaphragm vacuum compressors, developed by Dynaflo, Inc. Fading consumer demand, reduced discretionary spending, and stay-at-home orders, will result in minimal demand for automobiles.

Partnering with our supplier Stratasys, Ltd., associates at five different Honda facilities are using 3D printers to help make face shield frames for donation to healthcare facilities and first responders.

The Honda Center, a Honda-sponsored entertainment venue in Southern California, has been used as a social-distant distribution center by the Second Harvest Food Bank to distribute food to those in need in Orange County. These contributions serve as continued motivation to do even more. We will soon begin manufacturing compressors for ventilators that will help victims of COVID-19. Honda has pledged $1.0 million to address the immediate needs of communities across the U.S., Canada and Mexico, providing the most vulnerable with access to food. If a vehicle requires repair or maintenance, pending state and local government recognition of transportation as an essential need, a local Honda/Acura dealer service operation should be open and able to provide service. The Honda family of companies throughout North America have been donating to community organizations that address food insecurity. See all Trefis Price Estimates and Download Trefis Data here, What’s behind Trefis? With the advent of “social distancing,” Honda associates are turning to Virtual Volunteering to help people in their own communities through activities such as making non-medical grade masks, conducting neighbor wellness checks by social media and other efforts that can be done from home using a computer or other device. The donations to food bank and meal programs are being distributed to nonprofit organizations that address food insecurity across the region. Further, our dashboard -28% Coronavirus crash vs. 4 Historic crashes builds a complete macro picture. Another major area of our response to COVID-19 is our support for healthcare providers and first responders. I have always found that difficult times, even tragic ones like this COVID-19 pandemic, can bring out the best in people.
Honda associates have a longstanding tradition of community volunteerism, boots on the ground types of efforts that includes the national Team Honda Week of Service we conduct each summer with our suppliers and dealers. To learn more about these and other programs, please visit our website at [.