GM, Ford and other automakers to halt production in the US

GM, Ford and other automakers to halt production in the US
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(CNN Business) — Ford, General Motors and Fiat Chrysler will temporarily shut down production in the face of the coronavirus outbreak.

On Wednesday afternoon, Ford (F) announced that all of its factories would close for two weeks after the workday ends Thursday.

“Production at Ford’s US, Canadian and Mexican manufacturing facilities will be halted after Thursday evening’s shifts through March 30 to thoroughly clean and sanitize the company’s plants,” the company said in an announcement.

GM (GM) made a similar announcement shortly afterward, citing “market conditions” as well as health concerns. The automaker said it would immediately begin to shut down its factories.

“The suspension will last until at least March 30,” GM said in its announcement. “Production status will be reevaluated week-to-week after that.”

Source: CNN Business

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