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UPDATE 1-GM plans to extend shutdown of Brazil auto production by 60 days [Reuters]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Reuters
GM plans to extend shutdown of Brazil auto production by 60 days SAO PAULO (Reuters) - General Motors Co ( GM.N ) plans to keep its Brazilian factories shut down for at least 60 more days due to the coronavirus crisis, the company said Thursday, as the final batch of unionized workers voted on the automaker’s proposal. GM’s plants in Brazil have been shuttered since March 30 when the company put its workers on furlough, but kept their pay intact as it made employees use up vacation days. But as the pandemic has worsened globally and holiday allotments have dried up, GM has had to look for more drastic measures in South America’s top auto producer. Now its factories in Brazil, where for several years Chevrolet has been the country’s best selling brand, will be shut down at least until mid June. The timeline puts Brazil behind the schedules set by automakers in Europe, where companies have said they might begin building vehicles by the end of this month. In The United States, automake Show less Read more
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