By Caoimhe Toman
Date: Tuesday 28 Apr 2020
LONDON (ShareCast) - (Sharecast News) - Carmaker Ford said Tuesday that it expects to reopen its European plants starting Monday with safety measures in place to prevent the coronavirus spread.
The factories closed down in mid-March and the reopening could mean a workable template for the companies' US operations which are also shut down.
Shares of Ford were up about 5% to about $5.45 in NYSE trading on Tuesday, but remained down 44.4% thus far in 2020.
The new measures include mandatory face masks, shields, body temperature checks of everyone entering the facilities and daily wellness self-assessments.
Production at its 19 manufacturing facilities in Europe will start at a low level and prioritise sold customer vehicle orders from dealers.
A Ford spokeswoman recently told CNBC that the reopening of US production was expected as early as May.
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Currency | US Dollars |
Share Price | $ 10.29 |
Change Today | $ -0.18 |
% Change | -1.72 % |
52 Week High | $14.55 |
52 Week Low | $9.70 |
Volume | 72,098,705 |
Shares Issued | 4,086.00m |
Market Cap | $42,045m |
RiskGrade | 182 |
Strong Buy | 4 |
Buy | 3 |
Neutral | 13 |
Sell | 3 |
Strong Sell | 1 |
Total | 24 |
Time | Volume / Share Price |
16:03 | 6,509,771 @ $10.29 |
15:59 | 300 @ $10.29 |
15:59 | 798 @ $10.29 |
15:59 | 782 @ $10.29 |
15:59 | 300 @ $10.29 |
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