Ford Shuts Down More International Factories as the Coronavirus Spreads
Ford Motor Company (NYSE: F) said on Monday that it has decided to temporarily shut down its factories in India, South Africa, Thailand, and Vietnam in response to the fast-growing coronavirus pandemic.
Ford said that it suspended production at its factories in the four countries as of Saturday, March 21. The shutdowns will last for "several weeks" depending on the local situations and government requirements, Ford said.
"The health and safety of our employees, dealers, customers, partners and communities is our highest priority," said Mark Ovenden, president of Ford's International Markets Group. "We are continuing to act in real time and taking added safety measures" by shutting down these factories, he said.
Source Fool.com
