General Motors Co on Wednesday swung to a loss for the second quarter, reflecting a forced shutdown to slow the spread of the coronavirus ...
REUTERS: General Motors Co on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does not experience any further production shutdowns, the No. 1 U.S. automaker should be able to generate enough cash to pay off a US$16 billion loan by the end of the year.
But spiking COVID-19 cases across southern and southwestern U.S. states have left that recovery in doubt. GM said it was"working all avenues" to boost U.S. dealer inventories and all of its U.S. full-size pickup truck and full-size SUV plants are back at three shifts.GM also said it would increase production of light-duty full-size pickups at its Fort Wayne assembly plant by about 1,000 units a month beginning Sept 1.
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