Both Volkswagen and Daimler had previously lowered their outlooks for the year as a result of the latest outbreak. Recently, according to foreign media reports, due to the outbreak of the outbreak of the first quarter of profits caused a great impact, the above two companies have called on the German government to intervene, the introduction of policies to stimulate car consumption, to help boost market demand. So may Angela merkel, the German chancellor, who is preparing for a meeting with industry leaders to discuss how to revive the industry.

"We need incentives for consumers to buy cars as soon as possible," said Frank Witter, vw's chief financial officer. Ola Kaellenius, Daimler's chief executive, agrees that a simple incentive would revive the car market.

As a result of the outbreak, many car companies have been forced to close production lines around the world, resulting in a slump in car sales and a squeeze on cash flow. In early April, Volkswagen said it had to drop its 2020 performance target after car sales fell 23% in the first quarter from a year earlier and operating profit fell 81%. According to vw, global passenger car sales will fall by 15-20 per cent this year.

Daimler faces the same dilemma. Preliminary earnings before interest and tax for the first quarter of 2020 were 617 million euros, down 2.183 billion euros and 77.96 percent from the same period in 2019. In the first quarter, profit before interest and tax at mercedes-benz reached 510 million euros, down 60.71 percent from 1.298 billion euros in the same period in 2019. In addition, Daimler expects the group's total revenue in fiscal 2020 to be lower than in 2019.