Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

GM plant in Lansing, Michigan. Photo: Bill Pugliano/Getty Images

General Motors, Ford and Fiat Chrysler have agreed to close all of their North American factories through at least March 30 to allow the companies to thoroughly clean and sanitize their plants, after which plans to reopen will be evaluated "week-to-week."

The big picture: The decision will affect 150,000 hourly Big Three workers — with repercussions throughout their extensive supply chains. Honda earlier Wednesday announced similar action at its U.S. plants, which will affect 27,600 workers.

Between the lines: The extraordinary decision to halt operations came after intense pressure from union leaders.

  • Workers at a handful of plants were diagnosed with the coronavirus, prompting fear among employees that they would be infected.
  • The companies will work with union leaders on how to restart plants, along with health and safety procedures aimed at helping keep the workforce safe.

What they're saying:

  • GM Chairman and CEO Mary Barra: “We have been taking extraordinary precautions around the world to keep our plant environments safe and recent developments in North America make it clear this is the right thing to do now."
  • UAW President Rory Gamble: "This will give us time to review best practices and to prevent the spread of this disease."
  • Kumar Galhotra, Ford’s president of North America: “Especially in these challenging times, we must continue working together and putting people first."
  • Honda said it will continue to pay workers their full wages during the stoppage.
  • Hyundai shut down production Wednesday night at its Montgomery, Alabama, plant Wednesday, after a worker tested positive for the novel coronavirus.
  • Nissan is shutting down all three of its U.S. factories — in Smyrna and Decherd, Tennessee, and Canton, Mississippi, — for two weeks, starting Friday, per Automotive News.
  • Toyota said it would suspend production at "all plants Monday and Tuesday next week for a deep cleaning to help contain the virus," Automotive News notes.

Editor's note: This article has been updated with new details throughout.

Go deeper

The new Bernie Bros

Photo: Kadia Goba

The stimulus' strangest Senate bedfellows? Maybe Bernie Sanders and Josh Hawley.

Driving the news: The push for cash payments as part of more COVID-19 relief has forged an unlikely alliance between the Vermont liberal, 79, and Missouri conservative, 40.

Aides try to save Trump from himself

Photo: Chip Somodevilla/Getty Images

Some of President Trump's advisers are trying to convince him that if he vetoes a defense reauthorization bill that could pass Friday, his fellow Republicans won't sustain it and he'll risk losing credibility with the troops, sources with direct knowledge of the conversations tell Axios.

Behind the scenes: In private conversations, Trump seems to believe Republicans would ultimately bend to his will and support a veto. He argues the bill needs a provision repealing protections for social media companies, but several confidants have tried to persuade him his fellow Republicans don't agree.

Pentagon pick may need GOP rescue

Photo illustration: Aïda Amer/Axios. Photo: Brendan Smialowski/AFP/Getty Images

Lloyd Austin will begin courtesy calls with Congress next week, but his nomination to be Defense secretary may not even make it out of committee unless Republicans help grant the waiver he needs to hold the job, people familiar with the matter say.

The big picture: While civil rights groups are hailing Austin’s nomination to be the first Black Defense secretary, some Democrats on the Senate Armed Services Committee have already said they oppose the waiver, leaving it up to Republicans to rescue him — and some predict the vote will fail in committee.