Ford restarts with coronavirus safety measures after $2 billion 1Q loss
The automaker will use the lessons it learned from reopening in China
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Ford, General Motors and Fiat Chrysler partially resumed U.S. production Monday with safety procedures designed o prevent the spread of the new coronavirus.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 12.07 | +0.04 | +0.33% |
| GM | GENERAL MOTORS CO. | 42.45 | -0.01 | -0.04% |
| FCA | FIRST TR EXCH TRADED ALPHADEX FD II CHINA ALPHADEX FD | 19.33 | +0.12 | +0.62% |
"Ford started resuming production and operations in the United States today," the company said in a statement on Monday. "The company has implemented robust safety and care measures globally to help support a safe and healthy environment for the company’s workforce, including health assessment measures, personal protective equipment and facility modifications to increase social distancing."
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Ford started resuming production and operations in the United States on May 18, 2020. Photo courtesy Ford
Ford will use the lessons it learned from reopening its factories and offices in China when it reopens U.S. plants during the coronavirus pandemic, the automaker has said. Ford began reopening Chinese factories in February.
FORD LOOKS TO CHINA FACTORIES FOR LESSONS AHEAD OF US REOPENINGS
The company expects big losses in the second quarter after posting a $2 billion loss in the first quarter because of the pandemic.
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Ford, General Motors and Fiat Chrysler shut down U.S. operations in March, although some facilities pivoted to making personal protective equipment and ventilators. Ford said it had shipped one million face shields to protect health care workers by early April, while GM is making 30,000 ventilators for the Strategic National Stockpile by the end of August after President Trump invoked the Defense Production Act.
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