Investors want to know what kind of economic hit General Motors expects from the coronavirus pandemic as it moves forward by nick_carey benklayman
) are aiming to resume production some time in May and are negotiating with the United Auto Workers union, which represents their U.S. hourly workers, about when and how to safely restart.
The UAW said last month that it was “too soon and too risky” to reopen plants in early May. President Rory Gamble said last week the union was asking for “as much testing as possible” to protect its workers. Michigan Governor Gretchen Whitmer previously extended the state’s stay-at-home order through May 15 but lifted restrictions for some businesses other than manufacturing. Neighboring Ohio allowed manufacturing to resume on Monday.
Some industry officials have said some level of government stimulus for the U.S. auto sector will be needed for consumers once the pandemic recedes.
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