OSHAWA, Ont. — General Motors says it has set a target of May 18 to restart most of its manufacturing plants in Canada and the United States as it reported its first-quarter net income was down by 88 per cent.
The automaker says it will reopen the plants under “extensive safety measures” that it has learned from restarts at its facilities in China, Korea, and some U.S. operations.
The company made the announcement as it reported a profit of US$237 million in the first quarter after revenue was down six per cent to US$32.7 billion.
GM’s restart announcement comes a day after Fiat Chrysler Automobiles said it expected to have all but one of its plants in North America restarted the week of May 18.
Fiat Chrysler noted that its joint venture plants in China have been back up and running for two months with no issues to date.
Ford said in late April that it was starting preliminary work to restart operations but did not give specific dates for when it would reopen factories.