Following is a summary of the actions Honda has taken, thus far, in response to the COVID-19 pandemic regarding its customers, associates and business operations: Honda has initiated a significant and comprehensive new effort to harness the spirit of community in responding to the impact of the COVID-19 pandemic. Additionally, the complete set of coronavirus impact and timing analyses is available here. 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. Get free shipping, 4% cashback and 10% off select brands with a Gold Club membership, plus free everyday tech support on aftermarket Harley-Davidson Face Masks & motorcycle parts.. Honda created a call center of Honda HR professionals to help associates navigate their benefits, income replacement opportunities and changes to 401(k) plan rules related to the CARES Act. Honda is prohibiting all international travel due to the latest advisories from the U.S. Department of State, with exceptions for critical need. This will lead to a 2021 cash balance of $27.3 billion (¥2,950 billion), which is higher when compared to FY2020. So, as we looked at how Honda might best contribute to the COVID-19 crisis, including advice we received from a number of our own nonprofit partner organizations, we identified food insecurity as a critical area to support. Honda has launched the #ThankaHealthCareHero social media campaign to encourage people to offer gratitude to doctors, nurses, paramedics, fire, police and other frontline professionals who place themselves at risk in support of the public's health and safety. Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others. These contributions serve as continued motivation to do even more. I’m humbled to be part of a manufacturing enterprise that is working to find ways to join this fight, with each of our business lines – automobiles, power equipment, power sports and aircraft – offering unique solutions and support. Further, our dashboard -28% Coronavirus crash vs. 4 Historic crashes builds a complete macro picture. The compressor is a key component of critically needed medical ventilators that provide a constant source of air to stricken patients. Contact us! Another major area of our response to COVID-19 is our support for healthcare providers and first responders. To learn more about these and other programs, please visit our website at [. Honda has initiated a significant and comprehensive new effort to harness the spirit of community in responding to the impact of the COVID-19 pandemic. In addition to this pledge, we also are conducting a special matching gift program that enables Honda associates to make monetary donations to food programs in their local communities, with Honda matching up to $1,000 for each individual contribution. Associates who are experiencing childcare issues due to COVID-19 school or daycare closings for children 12 years old or younger, and dependents with special needs. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time. See all Trefis Price Estimates and Download Trefis Data here, What’s behind Trefis? Not available in the State of Florida. Honda has temporarily suspended production at all of our North American auto and powersports plants due to the decline in market demand caused by the COVID-19 pandemic. 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. This includes highlighting the support Honda is providing to the community in the form of contributions to food banks and meal programs, support for healthcare providers and the virtual volunteer efforts of Honda associates. Opinions expressed by Forbes Contributors are their own. A Covid recession will impact the company’s revenues, cash flows, and ability to pay dividends. 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. A new temporary paid personal leave of absence program is available for associates who are impacted by COVID-19 circumstances and not eligible for remote work. Get automotive accessories, luxury car interiors, steering wheel covers, & more from Masque. 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.