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US Automakers Resume Operations

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Automakers in the US have resumed operations following weeks of coronavirus lockdown.

According to reports, the Detroit Three automakers and their suppliers restarted assembly lines on Monday, May 18.

The US has been under lockdown for about two months.

Accordingly, the automotive industry in the US employs about one million people.

On a chilly and damp Monday morning, hundreds of workers at Fiat Chrysler Automobile’s (FCA) (FCHA.MI) truck plant in Warren, Michigan began lining up before 4 a.m. to start the 5 a.m. shift. Signs overhead read: “Let’s restart”, Reuters reports.

Earlier today,
Detroit automakers on announced there were no issues with absenteeism as the plants opened.

FCA, according to report, reopened four U.S. assembly plants on Monday, including Warren Truck, on a single shift, as well as four parts plants.

General Motors Co (GM.N), Ford Motor Co (F.N) and FCA, reports say, have all been preparing for weeks to reopen their North American factories in a push to restart work in an industry that accounts for about 6% of U.S. economic activity.

Investors welcomed the gradual restart, sending GM’s shares up more than 9% on Monday. FCA shares rose 7.3%, while Ford’s were up 6.7%, according to reports.

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