PR & News Ford, GM and Fiat Chrysler factories will close due to virus

[Jeff Kershner]

GM, Ford N.A. plants to shutter until March 30

DETROIT – General Motors and Ford Motor Co. said they would close all of their manufacturing sites in the United States, Canada and Mexico until at least March 30 – marking a costly and dramatic step to battle the coronavirus pandemic that the automakers had hoped to avoid.

Fiat Chrysler Automobiles also is expected to close its North American plants, a source with knowledge of the plans said Wednesday afternoon, although the timing of its shutdowns is unclear.

Ford said the shutdowns will begin after Thursday's shifts. GM said it will begin cutting production Wednesday in a cadence.

Full article on Autonews.com

 

[Retail My Ride]

GM, Ford N.A. plants to shutter until March 30

DETROIT – General Motors and Ford Motor Co. said they would close all of their manufacturing sites in the United States, Canada and Mexico until at least March 30 – marking a costly and dramatic step to battle the coronavirus pandemic that the automakers had hoped to avoid.

Fiat Chrysler Automobiles also is expected to close its North American plants, a source with knowledge of the plans said Wednesday afternoon, although the timing of its shutdowns is unclear.

Ford said the shutdowns will begin after Thursday's shifts. GM said it will begin cutting production Wednesday in a cadence.

Full article on Autonews.com

Ford's financials (debt debt debt) were so bad coming into this pandemic that they might not survive it - the virus attached itself to an already sick host. Sad.

 

[Retail My Ride]

Ford's financials (debt debt debt) were so bad coming into this pandemic that they might not survive it - the virus attached itself to an already sick host. Sad.

GM usually does a 2-week shutdown every July anyway, so maybe virus will be dead by then and the General can bounce back.