2/18, 8:41 PM (Source: TeleTrader)
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GM, Fiat Chrysler, Toyota restarting production in China

General Motors Co., Fiat Chrysler Automobiles N.V., and Toyota Motor Corp. said they are resuming production in China as coronavirus fears ease.

Fiat stated one of its plants resumed production this week, while the second was expected to resume operations "soon". Meanwhile, three of Toyota's four factories started operating single shifts this week. A spokesman for GM stated the automaker "began the process of restarting production" in its 15 plants without giving an exact number.

Earlier today, Audi AG announced it was resuming production in China as well.

Breaking the News / MD