GM to restart production in China from Feb. 15

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPEA601E0_M.jpg
© Reuters. GM to restart production in China from Feb. 15© Reuters. GM to restart production in China from Feb. 15

BEIJING (Reuters) – General Motors (N:) said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people.

Automakers in China had halted production for the Lunar New Year holidays at the end of January.

The U.S. automaker would have a staggered start to production across plants with local partners over the next two weeks, a company spokeswoman told Reuters. She said the plan would be based on the readiness of supply chain and product inventory needs.

GM, which sold 3.09 million cars in China last year, has executed contingency plans to mitigate the impact of the coronavirus, the spokeswoman also said.

In China, world’s biggest auto market, GM has a Shanghai-based joint venture with SAIC Motor Corp (SS:), in which the Buick, Chevrolet and Cadillac vehicle brands are made. It also has another Liuzhou-based venture, with SAIC and Guangxi Automobile Group, in which they make no-frills minivans and have started to make higher-end cars.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment