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Stock impact report

Automakers plan to restart factories in early May. UAW says not so fast [CNNMoney.com]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: CNNMoney.com
Automakers plan to restart factories in early May. UAW says not so fast (CNN) Volkswagen, Toyota, Hyundai and Fiat Chrysler are preparing to restart production at factories in the US that have been shut down due to the coronavirus pandemic come early May. It's a move the United Auto Workers says is premature given concerns about the possible spread of the virus. "At this point in time, the UAW does not believe the scientific data is conclusive that it is safe to have our members back in the workplace," the UAW said in a statement released Thursday. "We have not done enough testing to really understand the threat our members face." The union represents factory workers at US-based automakers, GM, Ford and Fiat Chrysler ( FCAU ) . In early April, Fiat Chrysler announced its intention to "progressively restart" its US and Canadian factories starting on May 4. An FCA spokeswoman reaffirmed that plan on Friday. The UAW does not represent workers at Volkswagen ( VLKPF ) , Toyota Show less Read more
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