The coronavirus threatens auto industry recovery as cases rise and more employees miss work

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Concerns are growing as to whether U.S. automakers will be able to keep factories open amid high absenteeism and coronavirus cases increasing in several states where they operate.

The Detroit automaker believes workers at its plants shouldn't "be concerned about coming to work" because the company has implemented new procedures to keep everyone as safe as possible, according to Flores. He said the company plans to have the third shift return as soon as possible.

Ford spokeswoman Kelli Felker said the company has hired above its normal level of temporary workers for this time of year but declined to release a total number. Fiat Chrysler has been experiencing "slightly higher" absenteeism than before the pandemic, according to spokeswoman Jodi Tinson. She said the company continues to hire new employees and remains "very pleased" with the restart of its production.

If Michigan were to roll back its factory reopenings, it would likely impact other states. It also would create even greater tension between the Democratic governor andMichigan Governor Gretchen Whitmer wears a face mask as she arrives to address the media about the flooding along the Tittabawassee River, after several dams breached, in downtown Midland, Michigan U.S., May 20, 2020.as Covid-19 cases rise in the Great Lakes State.

 

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Yet job cuts across the whole board. The workforce is ready. These Companies just have to be willing to hire inexperienced and train on the job (as it has been for decades before yr 2000).

FUD. We saw $TSLA profits

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Stocks could tumble 20-30% on a 2nd-wave virus spike and China tensions, warns one long-standing market bull | Markets InsiderLongtime market bull Ed Yardeni sees escalating US-China tensions and rising coronavirus cases placing significant pressure on the stock market'... He knows nothing ! In 1st virus wave DJ go from 20k to 27k I guess in second virus wave we will see 45000 Dow JONES !! Not much of a prediction. Stocks could always tumble 20-30%. The Fed has been propping up the market because it's all Donald has to brag about. It's a lie and also THE STOCK MARKET IS NOT THE ECONOMY.
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