Please ensure Javascript is enabled for purposes of website accessibility

GM Announces Plans to Restart North American Plants

By Howard Smith – May 6, 2020 at 9:57AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The automaker said most U.S. and Canadian factories will resume production on May 18.

In its first-quarter 2020 earnings release Wednesday, General Motors (GM -3.52%) announced that it has plans to restart idled production at the majority of its U.S. and Canada facilities on May 18. North and South American plants have been shut down since March due to COVID-19.

GM has implemented safety protocols in its Asian factories. GM will take its learnings from these overseas plants, as well as its Kokomo, Indiana, plant, which has been producing ventilators to support the fight against the pandemic. 

auto assembly line with car frame

Image source: Getty Images.

General Motors has been collaborating with union and government officials regarding a restart of its North American operations. Other automakers, including Fiat Chrysler Automobiles (FCAU), have targeted the middle of May for resuming production. 

United Auto Workers (UAW) President Rory L. Gamble has not openly opposed Fiat Chrysler's target start date of May 18. In a statement yesterday, he said, "the UAW has and continues to have dialogue with all of our employers and employment sectors about the safety and security surrounding reopening worksites."

Regarding the GM announcement, Gamble referred to his statement on Fiat Chrysler. He added, "as for the start date, the companies contractually make that decision and we all knew this day would come at some point. Our UAW focus and role is and will continue to be, on health and safety protocols to protect our members."

Howard Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

General Motors Company Stock Quote
General Motors Company
GM
$32.09 (-3.52%) $-1.17
Fiat Chrysler Automobiles N.V. Stock Quote
Fiat Chrysler Automobiles N.V.
FCAU

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
326%
 
S&P 500 Returns
102%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.