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Ulbrich Stainless Steels & Special Metals, Inc. News

Web Site: http://www.ulbrich.com
153 Washington Ave., North Haven, CT 06473
Tel: (203) 239-4481 Fax: (203) 234-7973

Stainless Steel and Nickel alloy reroller and disributor supplying material in foil, strip, wire, and bar in 160 alloys worldwide. Ulbrich is a third generation company.

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Ulbrich Economic Update #8

April 20, 2020

The Detroit car companies agreed to temporarily shut down U.S. factories to protect workers against the rapidly spreading coronavirus - an unprecedented work stoppage that will affect more than 150,000 factory employees. Several automakers said U.S. buyers of new vehicles will have the option to defer their payments, and customers with existing car loans could ask for payment rescheduling if impacted by shutdowns due to coronavirus. Automakers in the United States are raiding their parts bins to help save lives during the coronavirus outbreak. It's an effort that already was well underway but gained urgency when the President used the Defense Production Act to order General Motors to move faster as the nation confronts a shortage of critical medical equipment. Automakers have sprung into action while the coronavirus outbreak has halted their ability to build vehicles, leveraging their manufacturing scale, supply chain channels and production efficiency to help make respirators and ventilators instead. General Motors, trying to refashion itself as a futuristic company with technology to compete against Tesla, rolled out plans in March for 13 new electric vehicles during the next five years.