Ford Motor Co.Detroit’s auto makers are temporarily shutting down factories in the U.S., Mexico and Canada to limit the spread of the new coronavirus. Ford, General Motors Co., and Fiat Chrysler Automobiles NV came to the decision Wednesday after discussions with union leaders. The shutdown will be treated like other routine work stoppages, during which the companies are required to provide affected employees with extra pay to supplement unemployment benefits. Ford shares fell 10% Wednesday.

Source: Wall Street Journal March 20, 2020 23:26 UTC