Stop production! GM said it had enough parts to support it until the end of March

Stop production! GM said it had enough parts to support it until the end of March
Mary Barra, GM’s chairman and chief executive, said on Wednesday that it had enough parts to support plant production in North America “until this month,” CNBC reported.
Mary Barra, GM’s chairman and chief executive, said on Wednesday that it had enough parts to support plant production in North America “until this month,” CNBC reported.
Novel coronavirus epidemic is being monitored by a working group consisting of staff and a contingency plan is developed to reduce or eliminate factory interruption, Bola said. She described everything as “rapidly evolving.”. “Novel coronavirus surveillance has been going on to this month, improving the situation every day, but it depends on the epidemic situation around the world,” Bola told reporters. We will adjust our production at any time. ”
The impact of the novel coronavirus epidemic on the automotive industry is widespread, resulting in factories temporarily shutting down or adjusting production in factories in Korea, Japan and other countries due to shortage of spare parts. The epidemic has also had an impact on global car sales. Moody’s Investor Service, a well-known international credit rating agency, lowered its forecast for global auto sales in 2020, saying that global auto sales would fall by 2.5%, lower than the 4.6% decline in 2019. The agency expects China’s car sales to fall by 2.9% in 2020, rather than the 1% increase previously forecast.
Last month, the novel coronavirus outbreak in Michigan, Flint, warned that the production of three parts of GM would be interrupted due to shortages of some components due to the outbreak of the new coronavirus. The three plants include flint assembly, which makes heavy-duty pickups, Fort Wayne assembly, which makes light pickups, and Arlington assembly, Texas, which makes large SUVs.
If these three factories stop production, the models that may be affected include the Chevrolet Silverado and GMC Sierra pickup trucks, as well as the Chevrolet Tahoe, Chevrolet suburban, GMC Yukon and Cadillac Escalade SUVs. These are the company’s most profitable models. More than half of GM’s North American revenue (about $65 billion a year) comes from pickup sales. Bola said no one in GM’s employees was infected with the virus. Ford confirmed that its novel coronavirus test was positive in a Chinese employee, while a new coronavirus test was found in BMW Munich R & D center. At present, GM also does not allow employees to travel to China, Italy, Japan and South Korea, and additional non domestic travel is restricted, although senior management can approve trips deemed critical.