Tesla to limit workers at California factory with virus lockdown order, county says
Tesla Inc has agreed to reduce the number of active workers at its California vehicle factory, but remains in talks about other measures to comply with a regional lockdown to curb the spread of coronavirus, a county spokesman said on Wednesday.
Wall Street slumps again as fears continue to spiral, Dow all but erases ‘Trump-bump’
U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump’s 2017 inauguration, as the widening repercussions of the coronavirus pandemic threatened to cripple economic activity.
Harley-Davidson faces proxy fight with investor Impala
Harley-Davidson Inc faces a battle with one of its investors after Impala Asset Management said on Wednesday it will try to install two directors at America’s oldest and best-known motorcycle maker.
Airline industry turmoil deepens as coronavirus pain spreads
Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.
Nissan will suspend U.S. production through April 6
Nissan Motor Co said Wednesday it will temporarily suspend production at its U.S. manufacturing to boost containment efforts around the COVID-19 coronavirus.
GM studying if automaker could support production of medical equipment
General Motors Co confirmed on Wednesday it is considering how it could support production of medical equipment like ventilators that may be needed to combat the coronavirus outbreak.
Air Canada to suspend majority of its international, U.S. trans-border flights
Air Canada said on Wednesday it would gradually suspend the majority of its international and U.S. trans-borderflights by March 31 in response to the coronavirus crisis.
NYSE to shift fully to e-trading from Monday after two coronavirus cases
The New York Stock Exchange (NYSE) will temporarily close its trading floors and move fully to electronic trading from Monday, its owner Intercontinental Exchange Inc said after an employee and a trader were tested positive for the coronavirus.
Hugo Boss scraps 2020 outlook, to guard cash flow
German fashion house Hugo Boss on Wednesday scrapped the outlook it gave for 2020 results less than two weeks ago and took action to protect its cash balance, suspending store renovations and new openings and limiting the inflow of stock.
Tesla prepares to reduce staff by 75% at California plant: Bloomberg News
Tesla Inc is preparing to reduce staffing by about 75% at its lone U.S. assembly plant after initially resisting an order from the local sheriff, Bloomberg News reported on Wednesday, citing a county spokesman.
