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U.S. carmakers move to shore up cash, Ford to restart some plants


DETROIT (Reuters) - The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, with Ford Motor Co (F.N) aiming to resume production next month of its most profitable vehicles while cutting costs further.

General Motors Co (GM.N), the No. 1 U.S. automaker, said it planned to keep its plants closed indefinitely and was reducing the pay of salaried employees and executives and suspending some future product programs to conserve cash.

GM’s chief executive and chief financial officer issued a stark warning to company ...


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