Replies to post #68487 on Savvy Trades and Investments

[Knowledge is King]

I think we'll see more stories like GM in the coming days...



DJ Coronavirus Outbreak Could Affect Production at 2 GM Plants, Union Officials Say

By Ben Foldy and Mike Colias
Union officials at two major General Motors Co. factories in the U.S. are warning of parts shortages related to the coronavirus outbreak in China that could disrupt production.

A GM factory in Flint, Mich., which makes heavy-duty versions of GM's Chevrolet Silverado and GMC Sierra pickup trucks, faces shortages of at least two parts sourced from China, said Chad Fabbro, a financial secretary at the United Auto Workers' local representing workers at the plant.

In Arlington, Texas, GM's assembly plant is confronting the possibility of running out of certain parts from China, said Terry Valenzuela, president of UAW's local chapter. The situation remains fluid, he added.

That factory makes large sport-utility vehicles that are mechanically similar to pickup trucks, including the Cadillac Escalade and Chevrolet Suburban.

GM said it doesn't anticipate an impact on truck production as of now.

"We continue to monitor our supply chain and are in close communications with our Tier One suppliers to mitigate any risk to production in North America," the company said in a statement.
(END) Dow Jones Newswir

[bbotcs]

hweb2: Presidents' Day closure

Thanks for reminding me. Fidelity doesn't have a reminder message on its home page, at least not that I saw! This is the third market closure since the first of the year: New Year's, of course, MLK, Jr. Day, and Presidents' Day. IMO, either MLK Day or Presidents' Day should be eliminated as a Federal Holiday. I suggest adding MLK Day to President's Day: Presidents' and MLK, Jr., Day. It works for me.