🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Honda extends North America auto production halt through May 8

Published 23/04/2020, 17:08
© Reuters. FILE PHOTO: 89th Geneva International Motor Show in Geneva
GM
-
7267
-

WASHINGTON (Reuters) - Honda Motor Co (T:7267) said Thursday it will extend a shutdown of all of its North American auto plants through May 8 and extend unpaid leaves for many salaried workers.

Honda, which began its North American production shutdown on March 23, is extending its production halt by another week. The Japanese automaker also said it is extending a two-week furlough for the majority of salaried and support associates at Honda operations by another week.

© Reuters. FILE PHOTO: 89th Geneva International Motor Show in Geneva

Separately, General Motors Co (N:GM) said Thursday it was considering calling back some workers next week to prepare for the restart of production in North America that could begin as early as May 4, but said no decisions have been made.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.