Detroit’s Big Three (Ford, GM and FCA) are under pressure to restart their North American assembly factories in the coming months as capital dries up. “The cost of staying closed is immense and eventually they will run out of time and die without new capital,” said David Whiston, equity strategist for U.S. Autos at Morningstar Research Services. “That’s why getting restarted even in late May or June is important.” Rumours suggest the target date to restart production may be May 18. (Source: Detroit Free Press) Read the original article…
