A employee fits a combustion engine to a Ford Concentration car within the Ford Motor Co. factory in Saarlouis, Germany, on Wednesday, Sept. 25, 2019.
Krisztian Bocsi/Bloomberg via Getty Pictures
Ford Motor Co on Friday prolonged the non permanent suspension of car or truck and motor production at most of its European producing sites to May well 4.
The automaker explained past thirty day period that the suspension would last for a “amount of months” relying on the depth of the COVID-19 pandemic.
“Ford’s manufacturing restart ideas rely closely on the pandemic problem in the weeks in advance, countrywide limitations in operation at the time, provider constraints and the means of our vendor network to work,” the organization stated in a assertion.
The No. 2 U.S. automaker on Thursday posted a 12.5% slide in U.S. car profits for the 1st quarter.
The firm’s U.S. profits chief has explained that once the disaster eases, some amount of governing administration stimulus will be needed to help automobile prospective buyers in the deal with of an unprecedented decline in product sales and mounting statements for unemployment advantages.