Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1697
    +0.0003 (+0.03%)
     
  • GBP/USD

    1.2631
    +0.0008 (+0.07%)
     
  • Bitcoin GBP

    55,449.03
    -337.46 (-0.60%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

GM to restart production in China from February 15

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos

BEIJING (Reuters) - General Motors <GM.N> said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people.

Automakers in China had halted production for the Lunar New Year holidays at the end of January.

The U.S. automaker would have a staggered start to production across plants with local partners over the next two weeks, a company spokeswoman told Reuters. She said the plan would be based on the readiness of supply chain and product inventory needs.

GM, which sold 3.09 million cars in China last year, has executed contingency plans to mitigate the impact of the coronavirus, the spokeswoman also said.

ADVERTISEMENT

In China, world's biggest auto market, GM has a Shanghai-based joint venture with SAIC Motor Corp <600104.SS>, in which the Buick, Chevrolet and Cadillac vehicle brands are made. It also has another Liuzhou-based venture, with SAIC and Guangxi Automobile Group, in which they make no-frills minivans and have started to make higher-end cars.

(Reporting by Yilei Sun and Norihiko Shirouzu in Beijing; Editing by Edmund Blair and Jane Merriman)