The COVID-19 coronavirus outbreak has sent much of the US into shutdown mode, but the Big Three Detroit automakers are keeping their factories running.
General Motors and Chrysler both needed government bailouts before entering bankruptcy. Ford avoided a bailout, but CEO Alan Mulally, sensing a downturn on the wind, effectively mortgaged all the Blue Oval's assets to borrow nearly $24 billion. Last year, about 17 million passenger cars and light trucks were sold in the US, a robust figure. The automakers have set up their balance sheets to survive a downturn to below the so-called "replacement rate," of roughly 15 million. GM has also said that it can remain profitable at an 11 million annual sales level, which would recall the collapse of 2009, when sales dipped below 10 million.
)
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Big 3 Detroit automakers UAW joining forces coronavirus task force - Business InsiderConvened by UAW President Rory Gamble, the task force will be led by Gamble, GM CEO Mary Barra, Ford CEO Jim Hackett, and FCA CEO Mike Manley. Retool somewhere for emergency medical equipment, respirators etc?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Stock picks to buy 13: Companies with low coronavirus, recession risk - Business InsiderBank of America says to buy companies that have both minimal China exposure and are trading at inexpensive levels — and offers a handful of picks. At this moment in time with a global health crisis - who cares - why don’t they focus their energy on supporting this new challenge ?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
American workers are more vulnerable than ever to crises like the novel coronavirus - Business InsiderOpinion | The quality of jobs in the US has declined over the years, which makes the coronavirus even more dangerous to our economy.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Oracle CEO tells employees to work from home due to coronavirus crisis - Business InsiderOracle CEO Safra Catz tells all of its workers, except for 'critical employees,' to work from home because of the coronavirus crisis
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »