As of Monday, U.S. automakers are now able to start production as well. 

General Motors

General Motors Company (NYSE:GM) did more than fortify its balance sheet over the past decade. Besides developing carefully thought-out protocols while producing medical equipment during the pandemic and reopening its Asian plants, GM has a crisis playbook that will ensure stakeholder safety during its quick restoration of production, sales, and profits.

Overall, GM predicts it will be back to full production levels in about 4 weeks.

Ford Motor Company 

Ford Motor Company (NYSE:F) resumed operations at 9 facilities across the U.S. with robust health and safety protocols. Its European plants restarted recently, with China leading the reboot over 2 weeks ago.

The pandemic cost Ford $2 billion during its first fiscal quarter, with the second-quarter loss is estimated to be far greater as the company already drew more than $15 billion from its credit line.

Fiat Chrysler Automobiles NV 

Fiat Chrysler Automobiles (NYSE:FCAU) was amongst the worst hit automakers as it realized losses up to $1.8 billion.

Alongside the loss, FCAU will face antitrust regulators for a $50 billion merger with PSA Group (OTC:PEUGF), which would result in the creation of the world's fourth-biggest carmaker, surpassing Volkswagen as the market leader in Europe.

The Problem Remains

Monday was a huge day as 51 plants gradually resumed production.

The main issue, however, lies in whether the industry can innovate and evolve to fit the growing demand for self-driving and electrification, currently led by Tesla Inc (NASDAQ: TSLA).

Photo by Craig Adderley From Pexels.