China’s Great Wall expects mild domestic auto sales growth in second half
Great Wall Motor expects China’s overall auto sales in the second half this year to return to the same level as last year, its president said, as the world’s biggest auto market recovers from a coronavirus-driven low.
Asian shares tick up, eyes on China-U.S. trade relations
Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world’s two biggest economies dulled risk appetite.
Japan eyes fresh stimulus plan worth over $929 billion to battle pandemic: Nikkei
Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday.
Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.
Aston Martin’s chief to leave as a part of shake-up: FT
Aston Martin is reviewing its management team, the British carmaker told Reuters on Sunday, responding to a Financial Times report which said that Chief Executive Andy Palmer is leaving the business as part of a shake-up.
Most publicly listed companies keep U.S. small-business aid loans
More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquare…
Air France must slash domestic traffic in exchange for state guarantees -minister
Air France will have to “drastically” reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday.
Lufthansa to resume flights to 20 destinations from mid-June
Lufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.
Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
Jaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News said on Saturday, a report the company said was inaccurate.
Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt
Freight-forwarder Kuehne+Nagel may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview.
