March 18, 2020 / 8:13 PM / 11 days ago

FACTBOX-Carmakers shut North America production in face of coronavirus crisis

 (Adds BMW)
    March 20 (Reuters) - Automakers are halting production at plants in North America
as corporations grapple with growing signs of coronavirus damage.
    The move has raised concerns that extended periods of downtime could
significantly hit companies' profits.
    Below is a list of announcements:
 NAME         PLANTS        FOR         UNTIL      
                            PRODUCTION  PRODUCTIO  
                            HALT        N STOPPED  
 GENERAL      North         March 18    March 30   To reevaluate production status
 MOTORS CO    America                              every week after March 30.
 FORD MOTOR   North         March 19    March 30   Working closely with union leaders
 CO           America                              to protect workers.
 FIAT         North         March 18    March 31   To update financial outlook when
 CHRYSLER     America                              the company has sufficient
 AUTOMOBILES                                       visibility on market conditions.
 TESLA INC    California,   March 24    NA         Operations will continue at
              New York                             Tesla's other facilities,
                                                   including Nevada and its service
                                                   and supercharging network.
 TOYOTA       North         March 23    April 3    
 MOTOR CORP   America                              
 HONDA MOTOR  North         March 18    March 23   To reduce production by about
 CO LTD       America                              40,000 vehicles.
 HYUNDAI      Montgomery,   March 18    NA         Shuts production after a confirmed
 MOTOR CO     Alabama                              case of coronavirus.
 AUDI AG      Mexico's      March 23    April 13   The company is lacking parts at
              Puebla state                         its plant in Mexico, where it
              plant                                produces the Audi Q5.
 Volkswagen   Chattanooga,  March 21    March 28   Volkswagen to conduct additional
              Tennessee                            sanitation and cleaning procedures
                                                   in the factory and will use this
                                                   time to assess future production
 BMW AG       Spartanburg   April 3     April 19   The company says it is taking a
              plant in                             flexible approach and adjusting
              South                                its production volumes
              Carolina                             accordingly.
 (Compiled by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)
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