Big four car companies closing all North American factories due to coronavirus

The GM Cami assembly plant in Ingersoll, Ont., on March 18, 2020. GM said it will begin a 'systematic orderly suspension' of production through at least March 30 to 'deep clean' facilities.Ford Motor Co., General Motors Co. and Toyota Motor Corp. are closing all North American factories amid safety concerns stemming from the novel coronavirus, as global business continues to grind to a halt.

The company shut down an assembly plant in Michigan on Wednesday, after an employee tested positive for COVID-19, and the facility is being disinfected.Toyota said it is halting production at all of its automotive and parts factories in Canada, the United States and Mexico for two days, March 23 and 24.

Toyota said it will resume production on March 25, and will conduct a “thorough cleaning” during the shutdown In a separate statement, GM Canada said it is “currently evaluating manufacturing operation schedules" and the details for each plant is still to be determined. GM employs about 3,600 hourly and 430 salaried workers at three plants in Ontario, which manufacture engines, transmissions and the Chevrolet Equinox SUV. The Oshawa, Ont., plant stamps body parts.

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Coronavirus uncertainty casts a pall on the March housing marketCOVID-19 fears have sellers, buyers and developers questioning their strategies Well duh! The housing bubble is so far out of control anyway, it actually needs a correction. Those who've overstretched are going to be hit bad, but hey maybe my children will actually be able to afford to buy something in the next couple of years. What bubble? Interest rates are going to be below 1%.
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